Friday, December 12, 2014

Last Chance: 33% Off Sale Ends Tonight For Hedge Fund Wisdom Newsletter

This is your last chance to take advantage of the discount on our premium Hedge Fund Wisdom newsletter.  The 33% off sale ends tonight at midnight in your local timezone.

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What We're Reading ~ Hedge Fund Links 12/12/14

Aligning interests: side pockets, side letters and central issues [All About Alpha]

Hedge funds betting big on Uber, see IPO ahead [CNBC]

Hedge funds then and now [Finansakrobat]

Is your hedge fund really worth it? [ValueWalk]

How computer hackers could destroy a hedge fund [ii alpha]

How Tiger Global anonymously shorted UK-listed shares [FT]

The emergence of hedge fund branding [FINalternatives]

How the super rich raise capital from the super rich [Forbes]

The star system is still shining at hedge funds [pi online]

KKR seeks stakes in hedge funds [Bloomberg]

South Africa emerging as growing hedge fund market [HedgeThink]

Learning from mistakes made by pension funds [ETFTrends]

Baupost Group Discloses Paratek Pharmaceuticals Stake

Seth Klarman's hedge fund firm Baupost Group has filed a 13G with the SEC regarding shares of Paratek Pharmaceuticals (PRTK).  Per the filing, Baupost now owns 12.04% of the company with over 1.7 million shares.

This is a newly disclosed equity position for the firm and the filing was required due to activity on October 31st.

The firm has been active in that sector recently.  Back in early November, Baupost also disclosed new positions in Atara Biotherapeutics (ATRA) and Forward Pharma (FWP), per 13G's filed with the SEC.

Per Google Finance, Paratek Pharmaceuticals is "a specialty pharmaceutical company focused on the development and commercialization of products that address therapeutic needs in the field of neuroscience."

Thursday, December 11, 2014

Holiday Gift Ideas For Investors & Financial Professionals

Every year we like to feature relevant gift ideas for investors/financial professionals besides the typical money/gift cards, liquor, dinners, etc.  Whether you need ideas for clients, staff, service providers, bosses, colleagues, or even ideas for yourself, here's the 2014 edition:

Discounts on Publications

33% Discount on our Hedge Fund Wisdom newsletter - The sale ends tomorrow night, so take advantage before it's too late.

Wall Street Journal: $12 for 12 weeks - Save on a subscription to one of the necessary publications in finance (includes online access & print).

Barrons: $1 a week for 26 weeks - Another classic option (includes digital & print).

The Economist - Yet another worthwhile publication.

Good Books

The Art of Value Investing: How the World's Best Investors Beat the Market by John Heins & Whitney Tilson:  This is a compilation of a ton of quotes from various top hedge fund managers that are often featured on MarketFolly.  Highly recommended.

Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel: Written by a top entrepreneur/investor.

Thinking Fast and Slow by Daniel Kahneman: A great read that looks at the 2 systems that drive the way we think; applicable to the behavioral/psychological side of investing. 

The Education of a Value Investor by Guy Spier: A look at a fund manager's evolution as well as lessons from his mistakes and from the successes of others.

The Art of Short Selling by Kathryn Staley:  Recommended by hedge funds like Third Point and Blue Ridge Capital, this is probably *the* book on the subject.

You Can Be a Stock Market Genius by Joel Greenblatt: Cheesy title, but in reality one of the best books on investing; recommended by Seth Klarman, Dan Loeb & many other top investors.


The Wolf of Wall Street (DVD/Bluray/Digital HD) - Directed by Martin Scorsese and featuring Leonardo DiCaprio.  An entertaining movie, but probably not one to send people who don't understand what you do for a living.  They'll get the wrong impression.

Jiro Dreams of Sushi (DVD) - There are a lot of investing parallels in this documentary about one of the world's top sushi chefs and his dedication to his craft and pursuit of perfection. 

Margin Call (DVD) - Featuring Kevin Spacey and Zachary Quinto, among many other well known actors.  Labeled by one publication as "the best Wall Street movie ever made."

Floored (DVD) - A look at a financial profession that is pretty rare these days: floor traders.


iPad Air 2 - An even lighter and thinner tablet. For reading SEC filings, investing books, sending scathing emails to CEOs, and more.

Amazon Fire HD 7 - Another tablet option.  Alternatively, a good gag gift to send someone who's short AMZN.

Google Chromecast - HDMI Streaming media player.


Cards Against Humanity - A ridiculous party game to play with others (preferably after alcohol is consumed).

30 Pack of K-Cups for Keurig Brewers - For the caffeine addicts you know.  Or you can copy an unnamed hedge fund's prank and send these to someone you know who is or was short GMCR shares.

Happy Holidays!

Wednesday, December 10, 2014

What We're Reading ~ Analytical Links 12/10/14

The Focused Few: Taking a Multidisciplinary Approach to Focus Investing [Richard Rockwood]

On paying up for quality stocks [Clear Eyes Investing]

A look at Interactive Brokers (IBKR) [Punch Card Blog]

On the behavior of individual investors [UC Berkeley]

Old but still good: a checklist for investors [Jason Zweig]

Latest interview with Mohnish Pabrai [Barrons]

William Blair's top stock picks for 2015 [StreetInsider]

On Tracy Britt Cool, the education of Warren Buffett's protege [Fortune]

Peak Google [Stratechery]

Why activist investors are getting even more active [Fortune]

Fallen arches: can McDonald's get its mojo back? [Fortune]

The world reshaped: end of the population pyramid [Economist]

A global explosion in ultra high net worth individuals [Reformed Broker]

Cash is for losers [BusinessWeek]

Are a lot of millennials not investing at all? [GetRichSlowly]

How do people get new ideas? [Farnam Street]

Advertisers pay billions for bogus web traffic [Nasdaq]