BOOKS Fo
|
Available at http://www.amazon.com
Stock Market Magic
BOOKS FOR CHRISTMAS
Building Your Apprentice Millionaire
Portfolio 2012: All you need to succeed in
today’s stock market [Paperback]
Jack A. Bass (Author)
|
All posts in category Benjamin Graham
All You Need To Succeed – in 500 pages of Investing Strategy and Selections
Posted by jackbassteam on December 2, 2012
http://amp2012.com/2012/12/02/all-you-need-to-succeed-in-500-pages-of-investing-strategy-and-selections-13/
All You Need To Succeed – in 500 pages of Investing Strategy and Selections
|
Available at http://www.amazon.com
Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today’s stock market [Paperback]
Jack A. Bass (Author)
|
Posted by jackbassteam on November 29, 2012
http://amp2012.com/2012/11/29/all-you-need-to-succeed-in-500-pages-of-investing-strategy-and-selections-12/
All You Need To Succeed – in 500 pages of Investing Strategy and Selections
Be Thankful for Portfolio Profits
INVEST WITHOUT FEAR
It’s no wonder that with another four years now locked in, investors are worried – even fearful – of keeping their money in the market. It’s more than just the tax consequences and spending cuts – you rightfully want to know that the economy isn’t headed for another recession, or worse.
It’s getting ever-more urgent that we deal with America’s debt issues. You know as well as I do – it’s time for the same folks who’ve done nothing so far to finally get their act together and deal with:
- Our out-of-control deficit spending and exploding debt
- America’s chronic unemployment and underemployment
- Promises of big-money entitlement spending coming due
- Unbearable tax burdens on America’s families
- The destructive effects of easy-money policy and QE-Infinity
|
Available at http://www.amazon.com
Stock Market Magic: Building Your
Apprentice Millionaire Portfolio
All you need to succeed in today’s stock
market [Paperback 570 pages]
Jack A. Bass (Author)
|
Posted by jackbassteam on November 23, 2012
http://amp2012.com/2012/11/23/all-you-need-to-succeed-in-500-pages-of-investing-strategy-and-selections-11/
Yahoo Looking At Pubmatic and Rubicon
Image via CrunchBase
rubicon lychee (Photo credit: osde8info)
Nov. 21
According to Business Insider Yahoo is seeking to expand via Merger and Acquisition and has set its criteria when analyzing targets:
Yahoo’s business is pretty simple.
It makes money by selling ads on Web pages.
This is the formula:
Number Of Visits To Web Pages X Rate Yahoo Can Charge For Ads On Those Pages = Revenues
That formula means there are only two ways for CEO Marissa Mayer to grow the business.
- Method One: She can increase the number of visits to Yahoo Web pages. The way Yahoo does that is by creating new popular products and media.
- Method Two: She can increase the rate Yahoo charges to put ads on Web pages. The way Yahoo does that is by using ad tech to find out as much as it can about the people looking at its Web pages, and, in “real-time” sell that inventory to buyers willing to pay more to reach certain demographics.
Mayer is going to embrace both methods.
Mayer’s favorite thing to work on is consumer-facing products. So she’s going to personally invest lots of time in “method one.”
As for “method two,” Mayer would like to delegate.
The problem is that Yahoo does not currently have a team running ad tech that Mayer trusts.
There is a reason for this.
Back in 2007, Yahoo acquired a hot ad tech company called Right Media for $680 million.
This deal brought a huge amount of ad tech leadership into Yahoo.
But since then, Right Media leaders Michael Walrath, Bill Wise, Wendi Sturgis, and Ramsey McGrory all quit to take senior roles at other companies (or, in the case of Walrath, start investing in companies).
In short, Yahoo botched the integration of its huge acquisition. This happened for the same reasons that Yahoo as a whole has suffered over the past five years. It had a horrible board that hired under-performing CEOs.
All that said, our sources say that Yahoo believes it still owns a solid brand in the name “Right Media” or “RMX” – even if Right Media’s leadership is gone and its technology has rotted.
So Mayer’s plan, according to our sources, is to buy an ad tech company with a strong executive bench, and install it as the new leadership of Yahoo RMX.
There are lots of candidates Yahoo is considering, but our sources say there are two current favorites.
The one Yahoo likes best, according to a Yahoo source, is called Rubicon. Founded in 2007, Rubicon’s clients are publishers. Rubicon helps them categorize their ad inventory and sell it to the highest-bidding marketers. Yahoo would acquire it, and essentially become its sole client. Yahoo especially likes the depth of Rubicon’s executive bench.
The problem with Rubicon is that it has raised more than $50 million from startup investors. Startup investors expect a 5x to 10x return on their money. So Rubicon is not cheap. It’d cost Yahoo several hundred million dollars to buy.
During Yahoo’s last earnings call, Mayer said that Yahoo will be acquiring companies, but only in the tens and low hundreds of millions of dollars range.
A second Yahoo source cautions us, however, that Yahoo could buy Rubicon if it wanted to.
It’s true; industry M&A bankers say that between Yahoo’s cash and its reasonably liquid assets, like a stake in Yahoo Japan, Yahoo has about $10 billion it could spend.
Our Yahoo source says just don’t expect Mayer to run out and spend a billion dollars on something like Pinterest.
So perhaps Rubicon’s price is not too rich for Yahoo.
If it is, however, the first Yahoo source tells us the next company on its list is one called PubMatic. Like Rubicon, Pubmatic’s clients are publishers. It helps them optimize their inventory.
Over the summer, Evercore put out a note that said acquiring a couple of companies, including PubMatic, could increase Yahoo EBITDA by $400 million. Mayer didn’t miss that detail.
The problem with PubMatic, from Yahoo’s perspective, is that it does not have a deep bench of executives or technical people.
A source close to Pubmatic tells us the reason its executives may not seem as strong as Rubicon’s is that PubMatic is not going through a fundraising process, and executives have not spent a lot of time prepping for meetings with investors. This source says PubMatic CEO Rajeev Goel does not want to distract his team.
This source says that Rubicon, meanwhile, has hired Merrill Lynch/Bank Of America and is in the middle of a fundraising process.
To be clear, it is not certain that Yahoo will buy Rubicon, PubMatic, or even any ad tech firm.
What can report, for sure, is that two Yahoo sources tell us that Yahoo wants to buy an ad tech company in order to install a new team to run RMX. One of these Yahoo sources says that the current favorites are Rubicon and Pubmatic.
|
Available at http://www.amazon.com
Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today’s stock market [Paperback]
Jack A. Bass (Author)
|
Related articles
- Marissa Mayer’s Comeback Plan: Take On Google And Facebook (huffingtonpost.com)
Posted by jackbassteam on November 21, 2012
http://amp2012.com/2012/11/21/yahoo-looking-at-pubmatic-and-rubicon-2/
All You Need To Succeed – in 500 pages of Investing Strategy and Selections
|
Available at http://www.amazon.com
Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today’s stock market [Paperback]
Jack A. Bass (Author)
|
Posted by jackbassteam on November 21, 2012
http://amp2012.com/2012/11/21/all-you-need-to-succeed-in-500-pages-of-investing-strategy-and-selections-10/
Merry Thanksgiving – All You Need To Succeed – in 500 pages of Investing Strategy and Selections
AND Give The Gift Of Money This Christmas The Gold Investor’s Handbook – click here for investment profits and much more detail on the ins and outs of investing in gold
|
Available at http://www.amazon.com
Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today’s stock market [Paperback]
Jack A. Bass (Author)
|
Posted by jackbassteam on November 18, 2012
http://amp2012.com/2012/11/18/merry-thanksgiving-all-you-need-to-succeed-in-500-pages-of-investing-strategy-and-selections/
Warren Buffett – Secrets Of Success Online
English: Berkshire Cotton Manufacturing Company, Adams, Massachusetts (3,750 Mason Looms, Mason Combers) (Photo credit: Wikipedia)
Another paper examining the source of Warren Buffett’s outperformance has been published. The paper, “Buffett’s Alpha,” which can be found online, published by AQR Capital Management (Andrea Frazzini, David Kabiller and Lasse H. Pedersen) says the Oracle of Omaha’s alpha is the result of a sophisticated application of leverage to a portfolio of quality, low-beta stocks.
Here is the abstract from the paper: “Berkshire Hathaway has a higher Sharpe ratio than any stock or mutual fund with a history of more than 30 years and Berkshire has a significant alpha to traditional risk factors. However, we find that the alpha become statistically insignificant when controlling for exposures to Betting-Against-Beta and quality factors. We estimate that Berkshire’s average leverage is about 1.6-to-1 and that it relies on unusually low-cost and stable sources of financing. Berkshire’s returns can thus largely be explained by the use of leverage combined with a focus on cheap, safe, quality stocks. We find that Berkshire’s portfolio of publicly-traded stocks outperform private companies, suggesting that Buffett’s returns are more due to stock selection than to a direct effect on management.”
Buffett’s low-cost insurance and reinsurance businesses has given him a significant advantage in terms of unique access to cheap, term leverage. AQR estimates that 36% of Berkshire Hathaway’s (BRK.A) liabilities consist of insurance float on average. The estimated average annual cost of
Berkshire’s insurance float is only 2.2%, more than 3 percentage points below the average T-bill rate. Berkshire Hathaway’s
Sharpe ratio is 0.76 over the period 1976-2011, nearly double the Sharpe ratio of the overall stock market – but way lower than
many investors would imagine.
The Sharpe ratio is used to show how well the return from an asset compensates an investor for the risk taken – the higher the number the better.
Posted by jackbassteam on August 23, 2012
http://amp2012.com/2012/08/23/warren-buffett-secrets-of-success-online/
Has Warren Buffett A New Target ? ( Forbes )
August 15
or is he getting ready to Pass The Torch ?
Buffett cut long-held holdings of J&J, P&G and Kraft Foods. Why? (Image credit: Getty Images via @daylife)Berkshire Hathaway took the ax to some of the longest-held names in its stock portfolio last quarter, sparking questions over just how much sway Warren Buffett is sharing with his recently-installed investing colleagues.
to help manage a chunk of the firm’s approximately $75 billion equity portfolio. Both managers were expected to start small and gradually manage more and more of the company’s holdings until ultimately taking over whenever Buffett steps down.
An SEC filing Tuesday detailing Berkshire’s portfolio at the close of the second quarter revealed significant cuts to holdings in Johnson & Johnson, Procter & Gamble and Kraft Foods, all stalwarts of Buffett’s portfolio.
Deal Journal’s Erik Holm says the cuts may represent a changing of the guard to some small degree, with Buffett sharing more investing responsibility with his younger colleagues:
The moves, disclosed in a regulatory filing Tuesday, reveal an uncommonly active quarter for Berkshire leader Warren Buffett and Berkshire’s new portfolio managers, Todd Combs and Ted Weschler.…
Tom Russo, a longtime Berkshire shareholder who manages more than $5 billion as a partner at Gardner Russo & Gardner, theorized that Buffett was selling off the positions to allocate more capital to Combs and Weschler, who are expected to take on ever-larger slices of Berkshire’s investment portfolio in coming years.
The cuts were substantial, and did come from some of the biggest positions in the Berkshire portfolio: J&J, P&G and Kraft were three of 14 equity positions worth more than a billion dollars at the end of 2011. Positions of that size are assumed to be Buffett’s bailiwick, considering the Oracle of Omaha told shareholders earlier this year that his two deputies each had their mandates raised by a billion dollars and manage about $2.75 billion.
At recent prices, and with the caveat that it is quite possible Berkshire’s positions have changed since June 30, Buffett holds $706 million worth of J&J, just under $4 billion in P&G and $2.4 billion in Kraft. Those positions were cut by two-thirds, a fifth and a quarter from March 31. But it is not a guarantee that the cash raised from paring those stakes found its way into the baskets of Combs and Weschler
While the logic makes sense, another longtime Berkshire shareholder, money manager and Forbes contributor Martin Sosnoff, thinks the portfolio reduction – the overall equity portfolio was trimmed to $74.3 billion from $75.3 billion — might mean Buffett is readying another big acquisition along the lines of his 2010 takeover of Burlington Northern Santa Fe.
Sosnoff, who manages $6 billion at Atalanta Sosnoff Capital writes that while Buffett may be conserving capital in the face of ”investment waters filled with riptides ,” he thinks there is just as good a chance the world’s third-richest man is readying for one last mega-play, another opportunity to step up to the plate when few others can or will. Remember, Buffett also stepped up with sorely-needed capital in 2008 for Goldman Sachs Group and General Electric — bets that paid off handsomely — and again in 2011 for Bank of America.
Posted by jackbassteam on August 15, 2012
http://amp2012.com/2012/08/15/has-warren-buffett-a-new-target-forbes/
Why Are Your Investing Results Mediocre ?
Are Your Investing Results Mediocre ?
Are you facing the facts ? – do you even know what your return was for the last six months ?
Do you have a written record of why you bought a particular stock , the time lines are results you expected , the review and update of your selection(s) ?
Lack of a written plan gives you the ambiguity to mask your performance and avoid the responsibility for the results.
You can make the change :
Ask yourself the hard questions – what are my expectations/ results and what must I do to change if the results aren’t what you want.
It is true that you can’t control The Fed or the euro zone crisis – but you are the one who choses your portfolio – and to remain or change your selections each trading day.
You don’t have to have a 500 page plan like that outlined in my book – but no plan is a plan for no success ( pardon the lack of grammar.
How many books on investing did you read this year ?
What are you doing differently from last year ?
Don’t remain in denial – face your demons and move up to success .
Yes- I’d be happy to meet you and put on a one full day seminar.
The cost – $ 249 and the organizer receives his or her seat for organizing the event .
You can contact me direct by email to jackabass@gmail.com
All You Need To Succeed –
in 500 pages of Investing Strategy
and Selections
|
Available at http://www.amazon.com
Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today’s stock market [Paperback]
Jack A. Bass (Author)
|
Posted by jackbassteam on July 28, 2012
http://amp2012.com/2012/07/28/why-are-your-investing-results-mediocre-2/
All You Need To Succeed – in 500 pages of Investing Strategy and Selections
You can view the AMP Seminar outline at www.jackbassteam.com
Also , we have a new Gold and Precious Metals market letter at www.ampgoldportfolio.com
|
Available at http://www.amazon.com
It is a
matter of
information
and
application -
not
dreaming -
Stock Market Magic: Building Your
Apprentice Millionaire Portfolio
All you need to succeed in today’s
stock market [Paperback] BUT -
you have to read it to profit
|
Posted by jackbassteam on July 15, 2012
http://amp2012.com/2012/07/15/all-you-need-to-succeed-in-500-pages-of-investing-strategy-and-selections-9/
