Great day here today -- it's in the 70's and sunny. I'll be spending some time outside to enjoy it, and hope it lasts through the weekend. Otherwise, there's some conference calls to listen to and make some inroads in my daily (or weekly or even monthly) stack of reading material.
Speaking of reading, here are five items you might check out this weekend.
- Yes, I've got another link related to the late Peter Cundill for you. This is by a gentleman named Philip Fine, and it looks like a review of the upcoming book, There's Always Something to Do: The Peter Cundill Investment Approach. "It recounts how his great-grandfather was a successful importer, while his grandfather was dubbed the King of Camphor in the early part of the 20th century, but lost his fortune in the late 1920s thanks to the discovery of synthetic camphor. His uncle, Pete Scott, was chairman of Wood Gundy, which employed Peter’s father, Frank, as a floor trader for 40 years." The linked article has a good bit of biographical information.
- Southeastern Asset Management has posted the annual report for the three Longleaf Partners funds. You can access it by going here. I always enjoy reading the thoughts of Mason Hawkins and Staley Cates, and look over what they're holding.
- Ian McGugan of Canada's Globe and Mail goes "looking for value in a pricey market" -- specifically the US market. He runs a value screen and comes up with only 17 stocks (mostly insurance companies). He's right that the market certainly isn't trading in bargain terrority.
- Can we all agree that Paul Krugman's columns in The New York Times have become a joke? I always suspected his Nobel Prize owed more to his dislike of George W. Bush than anything else (yes, I think the respected Nobel committee would go that route). And I say that as someone who voted for and donated money to Ron Paul in 2008, so I'm hardly a Dubya admirer. Krugman's recent piece playing the race card was a particular embarrassment for him, which John Tamny points out with devastating effectiveness.
- I recently said that Tim Carney of the Washington Examiner is my favorite political columnist, and my pick for THE BEST reporting columnist in the US (in the tradition of Evans and Novak). His latest is a typically-fine effort. And if what he describes happens more often, the cause of liberty will receive a much-needed boost.
And with that, have a great weekend. Here's hoping the weather is great wherever you are as well.