This is a ChatGPT-free Zone
I can’t believe how sloppy and bad some of these credit rating agencies are, and it’s really obvious how dangerous they are. We saw how sloppy and bad they were when things melted down in 2008/2009, but this came as a surprise because the perp is Egan-Jones, a small rating agency that wants to compete…
The CEO of Jefferies Group, Richard Handler sold 2 million of his shares to Leucadia National Corporation (LUK). This is not that particularly noteworthy but it does illustrate the sort of advantage a firm like Leucadia has. Although the price looks around market price and anyone could have bought JEF shares in the public market,…
A lot about investing is about finding the right people. If you can find smart people to run your money and just give them the money, that’s a good thing. This is why I like to follow companies that are run by outstanding management with a long history of outperformance. Of course, Buffett’s Berkshire Hathaway…