Tag: finance

Amit Wadhwaney on Insurance Companies during Crises

Amit Wadhwaney is a former key portfolio manager of Third Avenue Funds, who currently operates his on value-oriented hedge fund under the name Moerus Capital.  At Third Avenue, Amit Wadhwaney led the upstart of the international business at Third Avenue and was the founding manager of the Third Avenue Global Value Fund, LP, the Third … Continue reading Amit Wadhwaney on Insurance Companies during Crises →

Nugget: Taleb on Banking

An article by Nassim Taleb and Mark Spitznagel on the current state of banking and the issue of managment compensation: "Of course, before being bailed out by governments, banks had never made any return in their history, assuming that their assets are properly marked to market. Nor should they produce any return in the long … Continue reading Nugget: Taleb on Banking →

Mental Model: Booms, Busts & Fragile Systems

What I hope to collect here is a collection of resources that handle the historical representation of the booms and busts of fragile financial systems. Articles & presentations "Who´s Holding the Bag" by Pershing Square Capital Management (May 2007) "The Age of Balance Sheet Recessions: What Post-2008 U.S., Europe and China Can Learn from Japan … Continue reading Mental Model: Booms, Busts & Fragile Systems →

Nugget: Adidas CFO on Capital Allocation

From the adidas 2Q2011 earnings call Q&A session, available at SeekingAlpha.com: Chris Svezia – Susquehanna Financial Group LLP "And the third question would be the use of your cash. If you keep your run rate of the declining net debt, you’re going to be net cash positive by the end of the year. Any thoughts … Continue reading Nugget: Adidas CFO on Capital Allocation →

Nugget: Damodaran on simulations, sensitivity analysis and decision trees

Damodaran on probabilistic approaches to risk assessments in finance: • In the most extreme form of scenario analysis, you look at the value in the best case and worst case scenarios and contrast them with the expected value. In its more general form, you estimate the value under a small number of likely scenarios, ranging … Continue reading Nugget: Damodaran on simulations, sensitivity analysis and decision trees →