Bronte Capital

The sometimes eccentric views of John Hempton

Thursday, January 30, 2014

Michelle Celarier is sitting on a major story

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I wrote two posts yesterday (today Australian time actually). I demonstrated that there were multiple versions of the letters that Senator...
19 comments:

Michelle Celarier is mistaken about her sources

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Earlier today I posted  two versions of Senator Edward Markey's letter regarding Herbalife . Read that post first. The Bill Ackman ver...
15 comments:

Senators for billionaires: Edward Markey edition

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Long ago I thought that Bill Ackman's thesis on Herbalife was silly. It was " I am a billionaire hedge fund manager and I can get t...
15 comments:
Tuesday, January 28, 2014

Unfriending

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Facebook has become totally unusable to me. There are a small number of people I don't communicate with every day - but who are old frie...
15 comments:
Sunday, January 26, 2014

When the hedge doesn't work

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I run a hedge fund which means I am meant to hedge risk. However if you hedge away all your risk you hedge away all your returns. So you h...
31 comments:
Wednesday, January 22, 2014

So many scams, so little time

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Some hat-tips. Roddy Boyd has been chasing a dodgy fund manager. Today he got his man: Bryan Caisse was arrested in Bogota Colombia . A l...
14 comments:
Wednesday, January 15, 2014

Hat-tip: Francine McKenna on the moral bankruptcy of the audit profession

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Francine McKenna is a persistent critic of the audit profession. This post  is a typical if egregious example When you think the big four ...
5 comments:
Saturday, January 11, 2014

The Steve Madden counter example: one from the archive

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The stock in the Wolf of Wall Street ( Steve Madden Shoes ) has been a thirty bagger. It is also a challenge to the Bronte business model. ...
7 comments:
Wednesday, January 8, 2014

Taoist temples and local blindness

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Bronte Capital's office are in the tower above the Westfield Shopping Centre in Bondi Junction, Sydney, Australia. From there I scoure...
6 comments:
Monday, January 6, 2014

Xero and the precious petals of New Zealand funds management

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I first heard of Xero from a friend, an executive management team member of a US tech giant. [Think a direct report of the CEO of Google, M...
29 comments:
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