The Path to Value Investing with Prospector Partners PM Steve Labbe

[PODCAST] The Path to Value Investing with PM Steve Labbe

After graduating with a degree in mathematics and pursuing a job as a teacher, Steve Labbe could have never predicted he would spend the next 16 years working for a sell-side research firm and eventually become a portfolio manager at Prospector Partners.

Like many people, his non-traditional...

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Exploring similarities between the dot-com bubble and the recently rally in Reddit meme stocks and cryptocurrencies.

Reddit Traders and Things That Remind Us of the Dot-Com Bubble

If you were working in the investment industry during the late 1990s, what were some of the most excessive, unreasonable market events you remember? Here are some that may jog your memory:

  • Mark Cuban’s Broadcast.com (known as AudioNet prior to the name change), which primarily streamed...
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[PODCAST] The Prospector Flavor of Value Investing with PM Jason Kish

[PODCAST] The Prospector Flavor of Value Investing with PM Jason Kish

On a daily basis, investors are exposed to a lot of numbers and a lot of information. But it should be known that portfolio evaluation goes beyond just the stats.

Behind every portfolio is a person with a story. How did they get to where they are today? What was the path they took to join the...

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Prospector Partners highlights their top 3 blog posts of 2020.

Top 3 Blog Posts of 2020

Nervous about the high-flying valuations of technology stocks and interested in more attractively valued sectors? Two of our three most popular blogs of 2020, below, tackled these themes, while the third featured a popular podcast featuring our founder John Gillespie and how he wound up starting...

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After Tesla stock’s 500% increase in 2020, it is now valued higher than Warren Buffet’s Berkshire Hathaway.

A Remarkable Chart: Tesla vs Berkshire Hathaway

Of the many charts illustrating the enormous run-up of growth stocks in 2020, the chart below may take the cake.

Tesla (TSLA) began the year with a market capitalization under $100 billion, and by November 25th had a value of over $500 billion – a five-fold increase. As of the writing of this...

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Prospector Portfolio Manager Kevin O’Brien, CFA, talks about his experience working at a large mutual fund complex, the outlook for the markets, struggles of value investing and what books impacted him.

[PODCAST] Value Investing in Today’s Environment

Prospector Partners Portfolio Manager Kevin O’Brien, CFA, and Havener Capital Partners Founder & CEO Stacy Havener recorded a podcast in which Kevin elaborates on his backstory as an analyst and co-portfolio manager of a flagship Neuberger Berman mutual fund, among many other topics.

By...

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Multi-decade low valuations and potentially higher interest rates are supporting the case for a continued rally in bank stocks.

Why the Rally in Bank Stocks Can Continue, Part 2

In part one of our blog series Why the Rally in Bank Stocks Can Continue, we discussed the improving clarity on loan losses and reserve levels, and we began examining the potential for cost saves. This week, we continue where we left off.

Cost Savings

Another way we expect banks to capitalize on...

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An update on improving bank fundamentals and loan deferrals.

Why the Rally in Bank Stocks Can Continue, Part 1

We recently published a blog entitled Banks in 2008 Versus 2020: This Time Part of the Solution, in which we contrasted the role banks played in the Global Financial Crisis versus the COVID-19 pandemic. We view banks as part of the COVID solution, evidenced by facilitation of the PPP program....

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Property-casualty insurance stocks offer many attractive attributes. As experts in the space, let’s take a closer look at the aspects we value about this industry.

Industry Spotlight: Property-Casualty Insurance for Personal Lines

When consumers purchase insurance for cars and homes (or rental homes), the concept is relatively easy to understand. From an investment standpoint, there are many positive attributes of the property-casualty business model:

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Rapid adoption of web-conference technologies has made it easier to meet with management teams, make investment decisions.

Management Access: A Surprising Bright Spot for Investors During Pandemic

As we discussed in an earlier blog post (see here) we place a high premium on direct contact with management while researching potential investments, and also as part of our ongoing work on current holdings. This was the case in a pre-pandemic world, and remains the case today, despite the...

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The views described herein do not constitute investment advice, are not a guarantee of future performance, and are not intended as an offer or solicitation with respect to the purchase or sale of any security. Investing involves risk, including loss of principal. Investors should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. Please review the offering memorandum or prospectus of a Fund for a complete discussion of the Fund’s risks which include, but are not limited to: possible loss of principal amount invested; stock market risk; value risk; interest rate risk; income risk; credit risk; foreign securities risk; currency risk and derivatives risk.

Nothing contained herein constitutes investment, legal, tax, or other advice nor should be relied upon in making an investment or other decision. Any projections, outlooks or estimates contained herein are forward looking statements based upon specific assumptions and should not be construed as indicative of any actual events that have occurred or may occur. 

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