Month: May 2015

Mark Frissora, incoming CEO at Caesar just bought $1 million worth of his company’s stock. Frissora bought 101,900 shares between 5-20-15 and 5-21-15 at an average price of $10.04 Posted: Sunday, March 8, 2015 2:00 pm By REUBEN KRAMER, Staff Writer Incoming Caesars Entertainment CEO Mark Frissora is the anti-Gary Loveman, who leaves the post in June but will remain the company’s chairman. When Loveman went from Harvard to Harrah’s, Caesars’ predecessor, in 1998, the associate professor was respected for his wonky productivity theories but had virtually no experience running a company. Frissora comes to Caesars battle-tested — a self-described “Midwestern guy” from … Read more

Park City! Now is your chance to meet and have lunch with one of the country’s best performing equity managers! He has outperformed the S&P 500 by over 470% since 2001. The luncheon will be hosted on Wednesday, May 20th from Noon until 1PM at 1887 Gold Dust Lane, Suite 203A Park City, UT 84060. To save your seat now you can register by calling (435) 658-1934 or signing up online at workshops.saxangle.com.

I suppose like many readers, I am fascinated and somewhat perplexed by the unpredictable and outsized importance of events in the Middle East.  Is it because oil is the single most important commodity in the world, the Middle East is the birthplace of much of the world’s theocratic beliefs, or the collective guilt regarding the extermination of Jews during WWII.  Whatever the reasons, this article does an admirable job explaining the tension between the two most important factors in the turmoil today. Sunni-Shiite Conflict Reflects Modern Power Struggle, Not Theological SchismThe ancient divide has become the biggest fault line in the … Read more

Option calendar spreads on such “faith-based” stocks can pay off nicely. I like to highlight ideas that I think will work. In a market that’s fully valued or more by just about all matrices, the calendar spread looks like an attractive risk reward trade-off Source: How to Play Amazon, Netflix, and Tesla in Earnings Season – Barrons

I should have known better than to plan a pilgrimage to Omaha for the Berkshire Hathaway shareholder meeting at the last minute. Last minute for most travelers means a few days before but Buffett cognoscenti know last minute means something short of a year in advance. The annual shareholder meeting has transformed the sleepy town of Omaha into a frenzy of price gouging and inconvenience when Warren Buffett and Charlie Munger hold court. Omaha hotels are all sold out even with rates tripled or more and all modes of transportation to Omaha become twice the normal rates if available at … Read more

Lessons From 50 Years Of BuffettBy JASON ZWEIGMay 2, 20150 COMMENTSWhat makes Warren Buffett Warren Buffett?That question will dominate this weekend’s annual meeting of Berkshire Hathaway, on the 50th anniversary of Mr. Buffett’s takeover of the company. His letter to shareholders in this year’s annual report offered Mr. Buffett’s thoughts—and those of Vice Chairman Charles T. Munger—on how an introverted and unheralded investor from Omaha turned a dying textile maker in New Bedford, Mass., into the fourth-largest public company in the U.S. by annual revenue. Source: Lessons From 50 Years Of Buffett – WSJ