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  1. Capital & Crisis: Beat Wall Street’s Den of Thieves • May 20, 2005

    “When I’m in a good mood, I say that Wall Street is nothing but a big promotional machine. When I’m not in a good mood, I say it’s a den of thieves.” – Jean-Marie Eveillard, money manager Dear Fleet Street Investor, Our portfolio is holding up well, with every pick in the black as I write, save Scottish [...]

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  2. Capital & Crisis: Five Cheap Stocks — An Update • May 11, 2005

    Dear Fleet Street Reader, Five Cheap Stocks was a special report I issued on April 1, which featured five stocks that were trading below their net tangible asset value, or NTAV. These stocks were not included in our core portfolio, each for different reasons (too small, too thinly traded, a bit too speculative, etc.). If you [...]

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  3. Capital & Crisis June 2005 Issue: The Best Investments Are the Ones They Give Away • May 9, 2005

    In 1900, Frederick Weyerhaeuser acquired a block of 900,000 acres of timberland from the Northern Pacific Railroad for the paltry sum of $6 per acre. The Northern Pacific didn’t particularly care about this timberland and didn’t know the market for timber. After all, Northern Pacific was in the railroad business. It obtained the timberland on [...]

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