Five Drivers of Markets in a Biden AdministrationThe reasons to be bullish on stocks continue to mount. Bloomberg, January 20, 2021Government spending only accounts for about 20% to 25% of the economy, but during a pandemic induced depression, it is even more important. We may see an even...
It is our 1,460th — and final — day of the Trump Administration. Finish strong with our morning reads: • The 15 most notable lies of Donald Trump’s presidency So many to choose from! These are the most consequential (CNN) see...
    How would you like your active asset manager to only charge you for the alpha they generate? Even better, what if they refund fees when they fail to provide beta? That is the approach pioneered by Orbis Investments. Adam Karr, head of the firm’s US division discusses this unique...
     The transcript from this week’s, MiB: Adam Karr, Orbis Investments, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, Bloomberg, and Acast. All of our earlier podcasts on your favorite pod hosts can be found here.   ~~~   VOICEOVER: This is Masters in...
My 3 day weekend reads: • His bike was stolen in Virginia. His response was to collect bikes to fix and give away to people in need. Pruitt, an assistant rector at the Church of the Holy Spirit in Leesburg, Va., posted on a private Loudoun County Facebook page...
Photo by Markus Winkler from Pexels     I have long used the example of guests at a cocktail party in my (absurdly-long) blog comment policy. I was reminded how beautifully the metaphor applies to social media. Cue Jonathan V. Last’s insightful and useful Triad: “This social network is like a party I’m throwing at my...
Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • A premeditated lie lit the fire Trump’s refusal to believe the election results was premeditated. He had heard about the “red mirage” — the likelihood that early vote counts would tip more Republican than the final tallies...
The Republicans’ Familiar, Troubling Plan to Torpedo Biden’s PresidencyFiscally reckless GOP leaders are already laying the groundwork to attack spending under a Democratic administration.Bruce Bartlett, October 26, 2020       “Like a phoenix, the deficit hawk will be back soon enough, as soon as it is politically convenient.” -Glenn Kessler, Washington...
     This week, we speak with Adam Karr, portfolio manager at Orbis Investments and head of the firm’s US division. Orbis manages $37B in assets, and has a unique fee approach, where they only are paid a fee when they outperform; not only that, they refund fees to clients...
The weekend is here! Pour yourself a mug of French Roast coffee, grab a seat by the fire, and get ready for our longer form weekend reads: • Elon Musk Loves China, and China Loves Him Back—for Now Tesla and its chief executive officer have done all the right...