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  1. The Art of Leaving Things Undone • November 22, 2006

    “Besides the noble art of getting things done, there is a nobler art of leaving things undone.” — Lin Yutang, The Importance of Living Dear Capital & Crisis Investor, I’m writing this Hotline today because Thanksgiving is tomorrow and our Baltimore offices are closed Thursday and Friday. Even though I work out of my home office, I [...]

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  2. The Terrapins' Magic Formula • November 17, 2006

    Dear Capital & Crisis Investor, The University of Maryland’s football team has something important to teach investors. The Terrapins, or Terps as they are affectionately known, are 8-2 and ranked 21st in the country. (In the interest of full disclosure: I’m a Maryland graduate and big fan.) They are in the hunt for their conference’s championship. Yet on [...]

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  3. T. Boone Pickens' Next Billion • November 10, 2006

    Dear Capital & Crisis Investor, I am in New York City attending the Value Investing Congress. There is a good lineup of speakers here, and I’ll write you with some thoughts from the conference in a future alert/issue. In the meantime, let’s focus on a couple of our investments. In particular, let’s look at PICO Holdings (PICO:nasdaq). [...]

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  4. Bubble-Proof Real Estate in "the Paris of South America" • November 1, 2006

    Don’t cry for me, Argentina, The truth is I never left you. - Evita Buenos Aires, Argentina. Travelers sometimes call it “the Paris of South America,” for good reasons, which I’ll get to momentarily. More importantly for investors, though, it is also a place where prime waterfront real estate goes for prices only one-tenth of what comparable [...]

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  5. New Buy Recommendation…And a Sell • November 1, 2006

    In this e-mail, you will find an excerpt from your next issue with my new buy recommendation. I believe the time is right for this new idea. We are doing what we do best – picking up quality assets on the cheap. The full details will be in the issue, which should be online by [...]

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