How To Zig When Markets Zag
Third Avenue CIO Curtis Jensen on the advantages of a small, risk-conscious portfolio.
Steve Forbes, Forbes Staff
Third Avenue CIO Curtis Jensen on the advantages of a small, risk-conscious portfolio.
Steve Forbes, Forbes Staff
Bill Singer, Contributor
Steve Forbes, Forbes Staff
Jason Raznick, Contributor
One week before news broke that David Sokol was leaving Berkshire Hathaway under the taint of some fishy smelling Lubrizol trades ahead of Berkshire's acquisition, long-time Forbes columnist and money-manager extraordinaire Martin Sosnoff sent me a column called, "Deals Are Buffett's Fountain of Youth." Talk about prescience. read »
DeKalb County, Georgia calls itself the "Greenest County in America," but now the self-dubbed environmentally conscious county is on a fiscal watchlist. This week Standard & Poor downgraded the county's nearly $1 billion in formerly investment-grade municipal bonds to sub-investment grade territory and then withdrew ratings on these bonds. read »
Third Avenue Funds CIO Curtis Jensen surveys the real estate investment landscape.
Earnings prime time has arrived, and the latest in a string of strong reports and new record earnings is about to be put in the book. Recent economic and trade statistics point to rapid global expansion feeding into the U.S., which is seeing the heaviest trucking and rail traffic ever, a surefire indication of job hires and capital investment projects ahead. Stocks have now largely recouped their headline losses, as Japan’s natural disaster and mid-east tumult have been placed on the rhetorical[...] read »
Call it a crazy bad habit, I watch the financial news channels a fair amount. And being a financial news junkie I have noticed some market commentator tendencies that I believe can go a fair way in explaining how biases creep into the system by which stocks are valued. As a case in point, all through the financial crisis from October of 2008 until October of 2010, I heard commentators recommending that investors stick with shares of companies having strong balance sheets. To me, this seemed crazy.[...] read »
Over the last few weeks since the Japanese earthquake, we've heard many worries about potential supply shortages for many companies. However, the most concern has been directed towards Apple (AAPL) and its ability to produce enough iPad 2s and iPhone 5s to keep up with demand. read »
Ford Motor Co. has been successfully solidifying its position in the Indian car market over the last year when it launched the Ford Figo. Booming Figo sales helped Ford India post sales growth of 184% in 2010. This helped Ford successfully compete with automakers like General Motors, Daimler, Honda, Toyota, Maruti Suzuki, Hyundai and others, including Mumbai-based Tata Motors. read »
Kraft Foods anticipates 4% organic growth in revenues in 2011. However, Kraft expects the revenue increase to be driven by prices rather than volumes due to announced price hikes in the face of rising commodity costs. Since the packaged food industry remains highly competitive, many customers are likely to shift to cheaper brands in the short term. Kraft is the world's second largest food and beverage company after competitor Nestlé. It also competes with PepsiCo, General Mills and Kellogg in this[...] read »
Starbucks is the world's leading roaster and retailer of specialty coffee. Through its global network of owned and franchised coffee retail outlets, Starbucks offers a wide range of products from coffees and teas to sandwiches and brewing equipment. It competes with McDonald's, Caribou Coffee and Peet's Coffee in the broader market for specialty coffee. read »