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  1. Fighting the Last War • May 25, 2007

    Dear Capital & Crisis Investor, You have probably heard the expression about generals always fighting the last war. Investors, too, tend to invest by looking in the rear-view mirror. In both cases, the consequences are costly. British Field Marshal Sir Douglas Haig is an example of that kind of general. World War I was the first mechanized [...]

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  2. Sell ASR for a 100% Gain! • May 16, 2007

    Dear Capital & Crisis Investor, I think it is time to take some money off the table. Shares of our Mexican airport stock ASUR (ASR:nyse) are up over 21% in just the last month or so. I believe the shares are fully valued and upside potential seems limited from here. Conversely, there is plenty of downside [...]

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  3. Notes From Hollywood, Calif. • May 11, 2007

    Dear Capital & Crisis Investor, It was hot and sunny. The sky was unmarked except for billows of smoke from the brush fires in the nearby hills. I was walking around in Hollywood, Calif. Up and down those mythical streets — Hollywood Boulevard to Vine Street over to Sunset Boulevard. I thought of the poetry of Charles [...]

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  4. Notes From Omaha • May 7, 2007

    Dear Capital & Crisis Investor, There are two events that strain the capacity of Omaha, Neb., to accommodate visitors. One is the College World Series. The other is the Berkshire Hathaway Annual Shareholders Meeting. More than 27,000 people filled Qwest Center on a cloudy Saturday on the fifth day of May. All of them came to hear [...]

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  5. Your New Issue & More Updates… • May 4, 2007

    Dear Capital & Crisis Investor, First, let me tell you that the full issue is now posted online. You can get it here This letter has the Deltic Timber (DEL:nyse) recommendation and a lot more. Some of the other stories are particularly timely. For example, The Wall Street Journal just ran a story the other day titled [...]

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  6. Sinkholes and Sewage Spills Foretell A Major Crisis • May 1, 2007

    Sinkholes and Sewage Spills Foretell A Major Crisis Last year was the worst year for sinkholes and sewage spills in U.S. history. What caused them? I’ll tell you in a minute. But here is a hint: The answer will make investors in water pipe makers a lot of money. This month, I attended Gabelli’s Second Annual Water Infrastructure Conference, [...]

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  7. Flash Buy Alert • May 1, 2007

    Dear Capital & Crisis Investor, Financial panics have a way of unsettling the nerves. You seek refuge in things you can trust. Assets you can see and watch over. And sometimes those assets hold their own secrets, which are unveiled only after the passage of a century. And so it was that one C.H. Murphy Sr. found [...]

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