How A Young Buffett Learnt Diversification Doesn’t Pay

--------------------------------------------------------------- [ad-image]( --------------------------------------------------------------- [How A Young Buffett Learnt Diversification Doesn’t Pay]( [If you read through the early letters of Warren Buffett's partnerships, it becomes quickly apparent the young investor wanted to get rich and wanted to do so quickly. When he was buying securities for the partnerships, he never did anything by halves. If he found an excellent opportunity, he would move quickly and with conviction […]]( [Read On »]( --------------------------------------------------------------- [Mohnish Pabrai On The Power Of Saying ‘No’]( [Mohnish Pabrai]Saying "no" to both stocks and invitations is one of the most important lessons investors should learn according to Mohnish Pabrai. Pabrai made this statement as part of a webcast Q&A session with students at the London Business School in mid-June. Answering a student who asked him how he structured his day, Pabrai responded by […]( [Read On »]( --------------------------------------------------------------- [Trident Fund LP May 2023 Performance Update]( [Trident Fund LP performance update for the month ended May 31, 2023. Q1 2023 hedge fund letters, conferences and more The Trident Fund LP GM, GME, and GME4 share classes returned +0.4, +0.5, and +0.9 percent, respectively, in May, and the fund is -3.4, -5.5, and -16.0 percent net for 2023. Please click here for theÂ]( [Read On »]( --------------------------------------------------------------- 146 Pounds of Graphite Needed for Each EV Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market. [See who could benefit from skyrocketing graphite demand]( [Roubaix Fund Composite May 2023 Performance Update]( [During May, the Roubaix Composite generated a net return of +2.48% relative to losses of -0.92% for the Russell 2000 Total Return Index and -0.03% for the HFRI Equity Hedge (Total) Index. On a year-to-date basis, the Roubaix Composite generated a net return of +10.31% relative to a total return of -0.04% for the Russell […]]( [Read On »]( --------------------------------------------------------------- [Odey Asset Management Responds To Sexual Harassment Allegations Against Crispin Odey]( [Crispin Odey]The hedge fund industry was rocked this week by shocking allegations lodged against Crispin Odey, initially reported by the Financial Times. Odey Asset Management is now under investigation after 13 women accused Odey of sexual assault, harassment and creating a toxic work environment. Odey Responds To Allegations Odey Asset Management has now issued a letter […]( [Read On »]( --------------------------------------------------------------- [Black Bear Value Fund May 2023 Update]( [black bear]Black Bear Value Fund update for the month ended May 31, 2023. Q1 2023 hedge fund letters, conferences and more Dear Partners and Friends, Black Bear Value Fund returned +4.4%, net, in May and is +9.2%, net, YTD. The HFRI Value Index returned -0.8% in May and is +2.2% YTD. The S&P 500 returned +0.4% […]( [Read On »]( --------------------------------------------------------------- --------------------------------------------------------------- [Is the Opposition to Market Timing Just a Marketing Gimmick?]( [Price discipline is the magic that makes all markets work. Buyers want low prices and sellers want high prices. Because buyers exercise price discipline when making purchases, sellers who demand…]( [Read On »]( --------------------------------------------------------------- [Highly Anticipated Chancer Crypto Presale Officially Launches Today]( [London, United Kingdom, June 13th, 2023, ChainwireChancer, one of the most exciting new Web3 projects of 2023 has officially launched its crypto presale today, 13th June. The project aims to…]( [Read On »]( --------------------------------------------------------------- [FuelCell Is Back To Realistic Valuation]( [Key Points FuelCell issued a mixed report with widening losses that sent the shares higher. The company's large-scale projects are about to come online, and interest is building for carbon…]( [Read On »]( --------------------------------------------------------------- [Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition]( [Key Points Cactus's acquisition of Flexsteel is progressing better-than-expected. The company raised guidance and authorized a substantial share repurchase program. Analysts and institutions put a bottom in the stock and…]( [Read On »]( --------------------------------------------------------------- [Tax Software Specialist Vertex In Buy Zone After Base Breakout]( [Key Points Vertex is currently in the buy range after clearing a seven-week consolidation on June 7. Trading volume was more than double the average as the stock cleared resistance…]( [Read On »]( --------------------------------------------------------------- [Techtronic Denies Short-Seller Jehoshaphat's Fraud Allegations in Home Depot Business]( [A second missive claiming 'blemished' channel misdoings are having little impact on Hong Kong-traded shares Short-seller Jehoshaphat Research (JR) has accused Techtronic Industries (HKG:0669) of defrauding its largest customer and…]( [Read On »]( --------------------------------------------------------------- [8 Reasons You Won't Achieve Financial Independence Before 70]( [The concept of financial independence isn’t a far-fetched dream! Cultivating financial discipline right from your twenties or even thirties can put you on track with the FIRE (Financial Independence Retire…]( [Read On »]( --------------------------------------------------------------- [Gerald Ford's Pardon Of Nixon And The Trump Indictment]( [Gerald Ford's Pardon of Nixon and the Trump Indictment; A Similar Example to be Followed, or a Very Different Situation Donald Trump's Federal Indictment WASHINGTON, D.C. (June 10, 2023) - An…]( [Read On »]( --------------------------------------------------------------- [The Professions That Are Least Likely To Be Replaced By AI]( [While artificial intelligence (AI) continues to advance and become more commonplace, certain professions remain less susceptible to automation than others. Small business advice company Venture Smarter have compiled a list…]( [Read On »]( --------------------------------------------------------------- [Investigations Of Zuckerberg Choke Could Help Subway Samaritan]( [Investigations of Zuckerberg Choke Could Help Subway Samaritan; Both Show That Choke Holds Are Not "Deadly Force" and Thus Legal Choke Holds Are Common In Jiu-jitsu WASHINGTON, D.C. (June 12,…]( [Read On »]( --------------------------------------------------------------- Still want more? [Value Walk]( You are getting this email as you're subscribed with this address: {EMAIL}. [UNSUBSCRIBE]( ) | [PRIVACY POLICY]( © 2011-2023 VALUEWALK LLC. ALL RIGHTS RESERVED