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Bronte Capital

Semi-Retired Fund Manager
Contributor's Links: Bronte Capital Cooking With John
My name is John Hempton and I am a (semi) retired fund manager based in Sydney Australia. My key expertise is in banks and insurance companies though my investing interests extend widely. I run the Bronte Capital Blog. The purpose of this blog is to explore investment ideas. It differs from most ...more
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Mt Gox, Bitcoin, Hordes Of Chaos, Demons And Armies Of Orcs...
Tuesday, February 25, 2014 7:48 AM EDT
MtGox.com is a main exchange for Bitcoin. I am not inherently opposed to bitcoin as a small and interesting speculation (though I would not do it for my clients). I think bitcoin probably goes to zero - but only probably...
In this article: BITCOMP
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The Really Strange Comcast-Netflix Deal
Monday, February 24, 2014 12:40 PM EDT
The first comment here linked to an article which clearly understood this better than me. I am still perplexed - take this with a grain of salt.
In this article: VZ, CMCSA, NFLX
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I Am Out Of Tune With These Times
Friday, February 21, 2014 12:00 AM EDT
At core I am an old-fashioned value investor. Maybe a growth-orientated one - but the valuation has to make sense on fairly modest assumptions before I get excited.
In this article: GOOG, META
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What's Up With Paying $19 Billion For WhatsApp?
Thursday, February 20, 2014 11:59 PM EDT
Yesterday Facebook did an acquisition that makes no sense to me. I had previously - on Twitter - questioned the $900 million paid by Rakuten (in Japan) for Viber. But that price looks modest compared to the price paid for the (much better) WhatsApp.
In this article: META
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Blue Nile And Marc Andreesen's Theory Of Public Company Shareholders, Oh And A Valuation Of Amazon
Monday, February 10, 2014 12:00 AM EDT
Marc Andreesen has been toying with a theory of public company shareholder. In short "At any given time, public co's shareholder base consists entirely of one of: growth investors, value investors, arbitrageurs, or nobody. Let's take a look at Blue Nile and Amazon.
In this article: TIF, ZLC, AMZN, NILE
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Jerry Seinfeld On Jos. A. Bank And Men's Warehouse
Saturday, February 8, 2014 2:00 PM EDT
The Jos. A. Bank and Mens Warehouse pacman like dance fascinates me. These are companies I don't quite get selling products I don't want.
In this article: JOSB
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Senators For Billionaires: Edward Markey Edition
Wednesday, January 29, 2014 7:08 PM EDT
Long ago I thought that Bill Ackman's thesis on Herbalife was silly. It was "I am a billionaire hedge fund manager and I can get the government to help me". year later and Bill Ackman has managed to get a Senator to help him.
In this article: HLF
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Unfriending: When Social Media Becomes Meaningless
Tuesday, January 28, 2014 7:30 AM EDT
In a social media experiment, Bronte Capital unfriended all of his Facebook friends to see what ramifications there would be.
In this article: META
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When The Hedge Doesn't Work
Sunday, January 26, 2014 12:00 AM EDT
If you hedge away all your risk, you hedge away all your returns.
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So Many Scams, So Little Time
Wednesday, January 22, 2014 7:45 AM EDT
Roddy Boyd has been chasing a dodgy fund manager. Today he got his man: Bryan Caisse was arrested in Bogota Columbia.
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Hat-tip: Francine McKenna On The Moral Bankruptcy Of The Audit Profession
Wednesday, January 15, 2014 12:00 AM EDT
Francine McKenna is a persistent critic of the audit profession. When you think the big four audit firms can't get any worse be prepared to be disappointed...
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Book Review: The Great Salad Oil Swindle
Saturday, January 11, 2014 10:04 PM EDT
This 1965 classic is a book about fraud and fraudsters and the dupes that allow them to thrive. And that is a story that is plenty relevant today.
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The Steve Madden Counter Example: One From The Archive
Friday, January 10, 2014 10:05 PM EDT
Not only did Steve get the loot, he got the girls as well.
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Taoist Temples And Local Blindness
Wednesday, January 8, 2014 12:00 AM EDT
Mazu Alliance's business is religious shrines and ancillary activities. I have never seen religious sites traded in public markets, and if the goddess Mazu does exist, she is notably uninterested in, or powerless to, benefit her shareholders.
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Xero And The Precious Petals Of New Zealand Funds Management
Monday, January 6, 2014 1:59 PM EDT
Fund managers are saying Xero's (XRO.NZ) valuation is absurd and should be shorted. If they actually tried this life-changing software, they'd know that would be the wrong move. Now they want Xero removed from Index. That would be even worse.
In this article: XRO.NZ, SGPYY, INTU
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Do Not Trust Deloitte - Whistleblower Edition
Thursday, January 2, 2014 11:51 PM EDT
I recently wrote a long letter to Deloitte about a company audited by Deloitte in which I thought there was a possibility that the accounts were fake. Deloitte's deplorable response should be of great concern to all
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81 to 96 of 101 Posts
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