Salient to Investors: Moshe Milevsky at York University says: People with stable careers and regular paychecks – tenured professors, accountants, nurses etc. – should invest in bonds. People with variable incomes tied to the market or economy – salesmen, brokers, home builders, entrepreneurs etc. – should buy stocks. The most
READ MORE... →Salient to Investors: Warren Buffett said any partnership where I don’t have to do the work is my kind of partnership. Heinz is being bought for 14.6 times Ebitda versus the median of 7.6 times Ebitda of more than 100 comparable deals worldwide. Christopher Growe at Stifel Nicolaus said Buffett’s affection
READ MORE... →Salient to Investors: John Paulson at Paulson & Co. is focusing on event-driven investing – bet on companies facing mergers, spinoffs and bankruptcies – in 2013 after losses on wrong-way bets on the U.S. and European economies over the previous two years. Read the full article at http://www.bloomberg.com/news/2013-02-15/paulson-buys-sprint-metropcs-in-telecom-takeover-plays.html Free email alerts of articles as soon
READ MORE... →Salient to Investors: The 2008 financial crisis cost US endowments 23 percent of their value on average in F2009. Commonfund and NACUBO said fund values fell 0.8 percent in the year ended in June 2012, and gained 18 percent a year earlier. Nick Cavalla at Cambridge University said US colleges, including Harvard, Princeton and
READ MORE... →Salient to Investors: Jim Rogers says: Losing money when you are young teaches you a lesson about the market and about yourself. Go where the people don’t go. Just wait until you find something that you know about to invest in. Better to get 1% from the bank than lose
READ MORE... →Salient to Investors: Google Chairman Eric Schmidt is to sell as much as 42 percent of his holdings for asset diversification and liquidity. Read the full article at http://www.bloomberg.com/news/2013-02-08/google-s-schmidt-sets-plan-to-sell-as-much-42-of-share-holdings.html Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Research finds that, among US-based fund managers, a Brazilian-born manager who speaks fluent Portuguese and is familiar with the country’s business culture had better results when investing in Brazilian companies than a German-born manager. Quoc Nguyen at University of Illinois found: US funds that overweight stocks from the local ethnic
READ MORE... →Salient to Investors: Bruce Berkowitz at Fairholme Capital Mgmt said mutual funds are great vehicles but have rules that allow mutual fund holders to cash out anytime and puts his long-term investing style at a disadvantage, and hurts managers who favor concentrated positions. Berkowitz said he is prone to investing
READ MORE... →Salient to Investors: Vanguard attracted a record $24.3 billion from clients in January, mostly into stocks, and more than 40 percent greater than the previous monthly record in January 2012. ICI said US mutual fund inflows are on track for the biggest month on record for deposits in January. IndexUniverse said ETFs attracted
READ MORE... →Salient to Investors: Joseph Veranth at Dana Investment Advisors sees little change to the strong trend in the US. Patrick Legland at Societe Generale said the S&P 500 is overvalued given the slow economic recovery, and the risk-on mode may end soon with a lack of positive economic data. Investors are
READ MORE... →