Bronte Capital

The sometimes eccentric views of John Hempton

Tuesday, March 20, 2012

Phil Falcone tries to rip off taxpayers

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This is from the guy who took a $113 million loan from a fund he managed for his clients . His vehicle - Lightsquared - owned a bunch of s...
17 comments:
Tuesday, March 13, 2012

What mega-fund managers care about

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I just received a survey request from the Economist Intelligence Unit on behalf of State Street Corporation. The target group was clearly me...
16 comments:
Monday, March 12, 2012

Some hope in American politics

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I wrote a post yesterday which impinges on American politics. I simply observed that the alleged New York Madam who is being locked in soli...
15 comments:
Sunday, March 11, 2012

When did the US constitution cease to matter? (Oh, and a comment on the alleged New York Madam.)

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I am a resident of a country without a bill-of-rights in our constitution. Whilst I think some of the rights are antique (second amendment, ...
37 comments:
Thursday, March 8, 2012

If you don't have enough cash you can't fix problems with your tool and you might lose all your properties

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Houston American  is an oil-and-gas explorer which had enough cash for one speculative well in Columbia. Just one speculative well. It had...
10 comments:
Wednesday, March 7, 2012

Follow up to the small cap post - and some notes on SuperValu

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My blog post suggesting that small-cap stocks were mostly to be avoided roused the animosity of many readers. The problem was that many of ...
17 comments:
Monday, March 5, 2012

In praise of Frank Lowy

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Wayne Swan the Treasurer of Australia (in UK parlance the Chancellor of the Exchequer, in US parlance the Secretary of the Treasury) has be...
18 comments:
Friday, March 2, 2012

When your tool fails your stock drops 35 percent

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Houston American Energy yesterday announced a problematic exploration well. They had (drilling) tool failure. The stock fell 35 percent. ...
15 comments:
Wednesday, February 29, 2012

Why I do not like small cap stocks much at the moment

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I run a small hedge fund. Most people that do that want to use their (lack of) size to find (and exploit) value-priced small cap stocks. ...
60 comments:
Sunday, February 26, 2012

When you think you made a great purchase (Warren Buffett edition)

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I consider myself a bit of a Buffettphile - but I did not even know Berkshire had a sizeable agricultural machinery operation. Sure agricult...
24 comments:
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