Deep Knowledge Investing Featured in HFM Week
Thanks to Nye Longman for a great article. Link here: https://hfm.global/hfmweek/news/silver-arrow-pro-launches-research-firm/
The Depth Report – Even More Net Short
Overview: Two weeks ago, we wrote a piece titled Net Short where we disclosed that we had a large cash position, and had gone short against the market through options spreads. In that piece, we discussed the biological reasons the corona virus was spreading so quickly, the economic disruption that was on the way, and … Read more
The Depth Report – Depth Check – Net Short
Overview: Last Monday, we wrote a report stating that we had gone net short in our portfolio. This was a result of the specific way the corona virus was spreading combined with concerns about the associated economic disruption. A lot has happened in the last week, and we thought it was a good time to … Read more
The Depth Report – Anthem and the Double Black Swan
Overview: During the first few weeks in February, we had an interesting debate with a friend on the topic of Anthem, Inc. (ticker: ANTM), the giant health insurance company. Our friend does high-quality research, and is a great stock-picker. We’ve debated stocks for years, and while we usually come to a resolution, we were unable … Read more
The Depth Report – Net Short
Overview: Two weeks ago, we revisited our Royal Caribbean thesis in relation to our initial corona virus projections. In that piece, we acknowledged that the virus outbreak has been worse than we had expected and that we were too quick to dismiss the “breathless conspiracy theory” that the virus had been engineered in a Wuhan … Read more
The Depth Report – Depth Check – Deep Knowledge Investing and a Margin of Safety
Overview: This is a follow-up piece for a full report we published in November on Royal Caribbean Cruises Ltd. (ticker: RCL). Benjamin Graham wrote about investing with a margin of safety explaining that you want to invest where the market price of a stock is trading at a substantial discount to the intrinsic value of … Read more
The Depth Report – Coronavirus – Truth, Rumors, Lies, and the Market
Overview: Last week, we updated you about the 2019 novel coronavirus (2019-nCoV). We considered the possibility that China was under-reporting cases, and that travel-related companies were “going to offer abysmal guidance for the first quarter”. While we continue to believe that the virus will burn itself out, because we didn’t believe that all the bad … Read more
The Depth Report – Novel Coronavirus not Deadly to the Travel Industry
Overview: A new virus called 2019 novel coronavirus (2019-nCoV) has been identified, and is spreading. The virus is similar to the SARS and bird flu viruses we’ve seen come out of Asia in the past two decades. Initial transmission was likely animal to human, and new cases of the illness in people who weren’t at … Read more
The Depth Report – The Wrath of Grapes
Last week Deep Knowledge Investing Food, Restaurant, and Spirits Advisor, Howard Freedland, was asked to speak to The Society of the Four Arts, in Palm Beach, Florida, about the impact of current and projected tariffs on old-world wines. While we normally focus on actionable stock ideas and timely market commentary, Howard is a 20-year veteran … Read more
The Depth Report – Novel Coronavirus and Travel Stocks
Overview: Last week we wrote about the 2019 novel coronavirus (2019-nCoV). The disease is spreading and may have changed, and we thought it was time for an update. There is speculation that the virus has mutated into a more transmittable form, but it’s unclear right now whether the virus has, or whether doctors are getting … Read more
