Author Archives: Timeless Investor

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.

To split Fannie-Freddie, no wind down as they said before?

Posted on June 27, 2017 by Timeless Investor

It sounds like senators Corker and Warner are now considering splitting Fannie-Freddie, not winding them down any more. Is it a good sign?

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Paulson is double down on Valeant

Posted on June 19, 2017 by Timeless Investor

This is great news for Valeant. Since Ackman sold his 8% stake in VRX, ValueAct sigificantly increased their stakes, now Paulson became the board member. Good sign for VRX.

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BAC is down on lower second-quarter expectations

Posted on June 1, 2017 by Timeless Investor

BAC is down on lower second-quarter expectations due to a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets (Reuters). However, expected rate hikes, the idea of deregulation, and proposed easing of the Comprehensive Capital Analysis and Review … Continue reading →

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Treasury Secretary Steven Mnuchin on C-SPAN

Posted on May 23, 2017 by Timeless Investor

Domestic and International Fiscal Policy Update Treasury Secretary Steven Mnuchin provided members of the Senate Banking, Housing and Urban Affairs Committee with an update on Trump administration. domestic and international fiscal policies.

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Use CBMX 7 to short retailers, and use leveraged 3X ETFs to place hedge in my portfolio

Posted on May 18, 2017 by Timeless Investor

In order to hedge the risk of market, industry segment or individual stock, I need to short them in an appropriate way. List of EFTs: CBMX7, SPXL, SPXS, FAS, FAZ, TYH, TYP, ERX, ERY, SOXL, etc

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use CDS to short retailers

Posted on May 18, 2017 by Timeless Investor

use CDS to short retailers – borrow one idea

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FNMA preferred stocks in FAIRX

Posted on May 18, 2017 by Timeless Investor

There are multiple FNMA preferred stocks in FAIRX, I need to study what are the other preferred stocks and understand whether I also need to buy other preferred stocks or not

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Morfit, who is the board member of Valeant, will serve as ValueAct’s chief investment officer

Posted on May 18, 2017 by Timeless Investor

According to WSJ, Morfit, who is the board member of Valeant since 2007, will serve as ValueAct’s chief investment officer. Should Morfit help turn around this company? Very possible! 

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Mel Watt testified at a hearing on housing finance policy; Mnuchin will testify on May 18 on GSE

Posted on May 17, 2017 by Timeless Investor

Mel Watt testified at a hearing on housing finance policy. He reiterated his concerns over long-term conservatorship of Fannie Mae and Freddie Mac and stressed that it is Congress’ job to chart a path out of it, and urged lawmakers to … Continue reading →

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Takeaways from Bruce Greenwald’s interview at Barron’s

Posted on May 15, 2017 by Timeless Investor

Here are a few takeaways from Bruce Greenwald’s interview at Barron’s

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