Know your zombie company: Learnings of a value investor

While some value investors who find it difficult to shake many decades of experiencing mean reversions might predict an immediate crash and an emerging crisis - and they might be right - they must also understand the same conditions also explain the concentration of money into those companies and business models that are actually winning.

Has the market dislocated from reality again?

If the US printing of money was helping to finance military or economic domination it would make more sense than what the printing of money is being used for, which is to buy the bonds of, and support low interest rates for, rubbish, Triple C-rated, junk companies - Roger Montgomery writes.