The crowd lauds its strengths but ignores its structural weaknesses and ethical shortcomings. I assess both and consider their implications. During the long stretches outside crises, bear markets, panics, recessions, etc., Leithner & Company constantly seeks suitable candidates for investment – and when we find them, we research them thoroughly. The minority of … [Read more...] about A contrarian assessment of Macquarie Group
Archives for September 2023
Why value investors should doubt “climate science”
By nature they’re sceptics, and at key junctures become contrarians. I show why they should disbelieve the orthodoxy – and why it matters. The drumbeat has long been incessant, and lately it’s become deafening. For years, “the consensus” has decreed that “the science is settled.” And on 27 July, the UN’s Secretary General, António Guterres, proclaimed: “the era of global … [Read more...] about Why value investors should doubt “climate science”