Morgan Stanley Earnings

Morgan Stanley reported its first quarter earnings today, here is the story that the numbers are telling us. Net Revenues … More

Howard Marks

One of the best books I have ever read about investing was Howard Marks’ “The most important things Illuminated”. His … More

Seth Klarman

“ Psychological influences are a dominating factor governing investor behavior. They matter as much as-and at times more than-underlying value … More