The King of Capital

On April 4, 2018, Steve Schwarzman, CEO and Co-Founder of Blackstone, visited Durham and met with a small group of Duke students. In a room comprised of Duke Law, Fuqua MBA, and Trinity College students, Steve hosted a wide-ranging conversation to discuss all things life, career, politics, and Blackstone. … More The King of Capital

The Case for Tegna (NYSE:TGNA)

Television broadcasting is not a sexy industry.  In an era that is increasingly focused on digital media, cord-cutting, and over-the-top (OTT) content, many people no longer value the importance of local television broadcasting. It is not surprising then, that broadcasters have suffered from falling stock prices.  Tegna is certainly no exception – so why am I so bullish? … More The Case for Tegna (NYSE:TGNA)

Diversification & Risk

A portfolio should not be so heavily concentrated in any one particular area of focus or industry sector. Even the best ideas can turn sour or stagnate for long periods of time, so it is imperative to use various diversification methods to manage risk.

That being said, it is also critical to not over-diversify. The last thing you want to do is to hold so many different positions, across so many industries, that your portfolio is essentially its own index, mirroring the movement of the broader market. … More Diversification & Risk

Update: Portfolio Performance (since November 25, 2016)

Quick stock performance update – hypothetically speaking, if you had invested in all of the tech companies that I mentioned in the Trump Bump post on November 25, you would have realized a 7.34% aggregate return.  For reference, the S&P 500 gained 2.96% over the same time period.  So, in other words, your portfolio would’ve … More Update: Portfolio Performance (since November 25, 2016)

Subprime Auto Lending: A Case Study in Market Bubbles & Cyclicality

Right now, the consumer auto loan industry is soaring. As the bull market continues to charge forward, auto lenders are having a field day helping Americans finance their car payments. However, amidst the record growth in this one trillion dollar industry, something big is happening: subprime auto loan delinquencies are beginning to escalate. Sound familiar? Another bubble is starting to burst. … More Subprime Auto Lending: A Case Study in Market Bubbles & Cyclicality

“Pork bellies… I knew it!”

Welcome to The Southern Capitalist! Let’s kick things off by discussing a few basic investing principles using one of my favorite comedies, and an all-around fantastic film, Trading Places. If you’re already familiar with this timeless classic, please bear with me as I bring the others up to speed. Trading Places is the story of a pedigreed and self-righteous commodities … More “Pork bellies… I knew it!”