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BreitBurn Energy: Playing the Commodities Crash

And the blogging returns. Thanks all for your patience. It has been a wild few months, between market crashes and rebounds, a business "split" so that my partner and I could each focus on our core competencies (yes, it was friendly; and, no, there's no juicy back story), and so much more.

Late in December, SeekingAlpha asked me to do an interview about my "highest conviction pick" in our portfolios. Surprisingly, it was a tough interview because I felt good about all of our positions. (The only position that had me biting my nails was Jackson Hewitt, which we ended up dumping around $4 when it seemed clear that they would not get RAL funding. A discussion for another day.)

In any event, the interview was just published today. The summary:

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Latest Visitor Comments

BreitBurn Energy: Playing the Commodities Crash  ( Read article  |  View comment )
g said, "good timing!"

What The Heck Is CROIC?  ( Read article  |  View comment )
mike said, "ROIC is not based on earnings. it's just EBIT * (1-t) / invested capital. The flaw with ROIC is that it used Book..."

BreitBurn Energy: Playing the Commodities Crash  ( Read article  |  View comment )
Cale Smith said, "New Ponzio Capital site looks great, Joe, and good to see you back posting!"

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F Wall Street (The Book)

If Wall Street, mutual funds, and brokers invested properly for people, they would all go out of business–bored and broke. Conspiracy? No. It is the business of investing; and, it will lead to financial ruin for millions of individuals that are relying on growth that will never come.

This is not another book about trading stocks. In a conversational format, F Wall Street explains how to intelligently invest for your future by ignoring the stock market and the silliness of Wall Street.

About Joe Ponzio

An ardent disciple of value investing greats such as Warren Buffett, Benjamin Graham, Seth Klarman, and others, Joe dynamically manages portfolios for clients across the United States through the Ponzio Investors Funds and separately managed accounts.

In 2007, he wrote F Wall Street as an investment guide for his children. When it was picked up by publisher Adams Business, Joe launched this website as an ongoing supplement to readers of the book. Since it's initial launch in June of 2007, the F Wall Street blog has enjoyed more than eight million hits from all over the world.

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With 193 posts and 2,732 intelligent comments, F Wall Street can seem overwhelming the first time you visit. In printed form, that would end up being a book roughly 1,886 pages long, and that doesn't include charts and graphs! One of the keys to becoming a great investor is reading, but that's a bit much for your first time here.

You should probably start with How should I invest? or An introduction to business investing, and I'd get the book (or some of these other books on value investing).