It’s been a long couple of years, but the three-ring circus that is Turkcell’s ($TKC) boardroom power struggle is finally (sort of) coming to an end. Queen Elizabeth’s Privy Council—which had jurisdiction because the holding company in question was domiciled in the British Virgin Islands (LONG story there…)—ruled last week that Mehmet Karamehmet may reacquire...Read More

It’s hard to take something called a “Magic Formula” seriously.  But you should.  It’s beaten the market by a wide margin over the past two decades and with less volatility. The Magic Formula—a stock screener designed by hedge fund guru Joel Greenblatt –ranks stocks by two factors: Profitability (based on Greenblatt’s chosen metric, Return on...Read More

3M ($MMM) is a homely company.  There is nothing sexy about scotch tape or Post-It notes.  Or Ace bandages or Scotch Bright for that matter.  We’re talking about adhesives and cleaning supplies, for crying out loud.  No matter how hard you try, there is no way to make these items anything other than boring. And...Read More

Warren Buffett is known for keeping the investment process simple.  He avoids complex models, and once joked that if calculus were required, he’d have to give up the money business and go back to his childhood job of delivering papers. But not even Warren Buffett can match Mohnish Pabrai when it comes to having a...Read More

Uh oh…more bad political news out of Europe.  Portugal’s government is at risk of falling, as two key ministers resigned in protest over the EU’s mandated austerity policies.  This follows a massive protest in Greece after budget cuts forced the government to shut down the bloated state broadcaster (and fire all of its employees) and...Read More