I sent out my latest Letter to Investors in the Tarpon Folio this weekend. Here’s a link if you’d like to read my thoughts on the debt ceiling, the end of QE2, inflation, interest rates, high gas prices, the property bubble in China, and/or a handful of other topics I’ve been getting emailed about lately. […]

Just a heads-up for any portfolio managers in the crowd… Next Monday, May 16, from 4:00 to 5:00 EST, I’m going to be joining Zack Miller of Tradestreaming.com for a webinar called: “From the ground up: How to build a successful money management firm.” The pitch for it is below. Join us if you can, […]

This week saw a couple of potential catalysts arrive for two of our companies in Tarpon. First, the unexpected one. Pentwater Capital Management, the fifth-largest holder of shares in Leap Wireless (LEAP), is going activist. As in, it’s nominating three directors to the board to give the existing directors and management a few swift kicks […]

It’s right there on page 227 of my 1990s copy of Random Walk Down Wall Street. By the time the portfolio contains close to 20 equal-sized and well-diversified issues, the total risk (standard deviation of returns) of the portfolio is reduced by about 70 percent. Further increase in the number of holdings does not produce […]

The below is from my latest letter to Tarpon Folio investors, which went out this morning. Tarpon was up 5.6% in October, with much of that due to our holdings Global Ship Lease. GSL was up 74% in October. My thoughts on the business are below. Sign up to receive these letters here. Background on […]

Had some back and forth the past few days with some folks about Google’s stellar Q3 results. I have owned a decent sized position in Google since I launched the Tarpon Folio two years ago, and added more shares this summer. They got way too cheap. As I told some folks earlier, though, benefiting from […]

Quick mid-month update: Gecko Folio recently passed the 100% return club. Gecko, my high yield Spoke Fund®, was launched at the end of January 2009 and is still yielding just over 7.0%. Goes to show you what sort of inefficiencies there were among high yield bonds and master limited partnerships (MLPs) back at that time….I […]

I sent out my latest letter to investors in the Tarpon Folio last weekend. Here’s a snip: One of the more common questions I got over the summer was with regards to the level of cash inside the portfolio. As I’ve mentioned previously, I assume each of you holds your cash somewhere else – at […]

Here were my first quick (and now belated, sorry) impressions that I’ve been sharing to some other fund managers about Neutral Tandem’s acquisition of Tinet: I like the TNDM deal with Tinet…hard to argue that it’s not an intelligent use of cash. Fits strategically, moves EE forward by light years, which is important for network […]

Quick note: the below will probably make little sense to most readers, but I wanted to put some more thoughts down for a couple of guys on Twitter…and it’ll take longer than 140 characters to do it. It deals with evaluating a potential merger arbitrage investment among a couple of small banks in Pennsylvania. I […]