Bronte Capital

There is a post by Dennis P. Quinn   Hans-Joachim Voth – good Finance professors both of them – on why international diversification does...

I have been thinking about playing in the common securities  of AIG.  My view is that an awful lot of CDOs (and their CDS) are trading at le...

Thanks to "anonymous" pointing it out in the comments.  Here is the release from the commissioner... http://www.oci.wi.gov/pressre...

I am quite familiar with Berkshire - about as familiar as you can get by reading stat statements and the like. I can not blow it up.  That m...

Ambac looks like toast.  The downgrade gives them a massive and immediate liquidity call - and whilst I believe the insurance company will b...

Moodys has cut Ambac's rating to a level that triggers the GIGs to pay and hence causes a liquidity event. The liquidity event can be pr...

Extracted from the shareholder letter of the last Walmart annual report: Improving Customer Experience We continue to invest in improving th...

The hedge fund trade was long Porsche, short Volkswagen.   Porsche after all owns many times its market cap in VW shares so the trade was ob...

Warning – I strongly recommend against trading in any security mentioned in this post. The volatility is enormous and the situation flui...

News Corp’s newspaper advert numbers are bad – but they are not catastrophic.   They have got markedly weaker very recently – but until then...