Tips by Steven Tananbaum

We find opportunity in looking at the different values ascribed to different asset classes. If the debt markets would provide 100% financing of a...
We’re looking for a total annual return of at least 25%, with position sizes adjusted for the degree of difficulty. For a given expected internal...
Short sellers play a valuable market role. There are obviously cases in which people may try to start rumors more than anything else, but that’s as...
We won’t short on valuation – say, because Google is trading at 20x next year’s cash flow when we think it should only trade at 15x.