Seeking Alpha

Tim Travis'  Instablog

Tim Travis
Send Message
Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
My company:
T&T Capital Management
My blog:
T&T Capital Management Blog
My book:
Learn to Treat Your Portfolio as a Business
View Tim Travis' Instablogs on:
  • Gross's Burning Bond Market Fails To Frighten Investors

    The article below is an excellent depiction of the disconnect in investors minds between the perceived "safety" of bonds, and the actual risks defined as the permanent losses of capital should interest rates rise. Treasury bonds are absolutely terrible investments at these prices and so are many of the corporate and municipal bonds that investors have bid up to ridiculous level. The fact that so many people are wary of the stock market is one of the most bullish indicators, although we at TTCM see a bifurcated market with various pockets of opportunity, as opposed to any severe undervaluation of the market as a whole.

    Tags: bonds, bill gross
    Oct 09 1:20 PM | Link | Comment!
  • Most Recent Edition Of From Graham To Doddsville

    This was a truly excellent publication put out by the Columbia School of Business students. Particularly insightful are the interviews with Joel Greenblatt, and the investment team at Loews. If you take the time to read it you won't be disappointed.

    Oct 09 1:18 PM | Link | Comment!
  • Stress For Banks, As Tests Loom

    As if there wasn't enough evidence of how ridiculous the regulatory environment has gotten, the below WSJ article describes how the Federal Reserve won't share their formulas for the stress tests. This process is so complicated and there is so much information that it is virtually impossible for any one formula to be right, but not sharing how things are being calculated really creates a lack of confidence in the process. Just as stupid is the fact that if a bank requests too much in dividends or share buybacks, the bank has to completely begin the process again, as opposed to the Federal Reserve just confirming what amount they can return to shareholders. It is this type of uncertainty that stifles lending and economic growth at the worst possible times for our economy and changes must be made.

    Oct 09 1:13 PM | Link | Comment!
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.