Investing in Today’s Uncertainty

In Recovery: Long Way to Go the possibility of a longer than expected economic recovery is discussed. How should that possibility be considered and how does it impact the tenets of value investing? Exploring the approaches used by the best in the business is a good place to start. Hedge funds often consider their investments confidential and […]

Recovery: Long Way to Go

An earlier post Today’s Economic Backdrop for Investing discussed the framework for investing. Value investors are bottom up investors and contrarian in nature. So, top down macroeconomic forecasts don’t carry a lot of weight (the so called risk-on, risk-off) approach to investing. The premise; forecasting macroeconomics is hazardous (if not impossible) but we can’t ignore reality. We are going through a […]

Brookfield Infrastructure LP (BIP)

Brookfield Infrastructure L.P. (BIP) operates infrastructure assets located in North and South America, Australasia, and Europe providing essential products and services for the global economy. The cash flow is stable with approximately 80% of earnings before interest, taxes, depreciation and amortization (EBITDA) supported by regulated or contracted revenues. The long life assets require relatively minimal […]