AdventuresinCapitalism on raised rates on REITS (link)
Look at the charts of various smaller REITs that aren’t being propped up with broad market ETF inflows. These things are getting nuked—particularly in the retail sector.
I did the math of the example mentioned:
“To Buy or Not To Buy” – Credit-Suisse on M&A (link)
Companies that act early in an M&A cycle tend to generate higher returns than those that act later.
Empirical analysis shows that M&A creates value in the aggregate, but that the seller tends to realize most ofthat value.
Peter Clark and Roger Mills, finance experts who focus on M&A, found that deals they call “opportunistic,” where a weak competitor sells out, succeed at a rate of around 90 percent. “Operational” deals, or cases where there are strong operational overlaps, also have an above-average chance of success.
Jim Chanos Interview (link)
Neil Woodford himself (link)
We are more upbeat on the outlook for the UK economy than many commentators – the market consensus, in our view, has become too bearish in the aftermath of the Brexit vote
Brooklyn Investor commenting Buffett’s CNBC Interview (link)
… but history shows that the market does in fact use interest rates to value the stock market however theoretically wrong it may be, and the greatest investor of all time does so too.