This week, I speak with Seth Klarman, CEO and portfolio manager of The Baupost Group, a Boston-based investment manager with a multi-strategy approach. Founded in 1982 with $27 million in seed capital, Baupost has grown over the past four decades to $22 billion in assets, with annual net returns of over ~20%. The…
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Berkshire Hathaway‘s planned acquisition of No. 6-ranked homebuilder Taylor Morrison begs big follow-on questions. These mostly spring from who this particular buyer is and the moment they have chosen. One way or another, these follow-up questions may prompt homebuilding leaders to revisit a core imperative many believed they had solved eons ago. For decades, the […]
[Editor’s Note: Berkshire Hathaway‘s planned acquisition of Taylor Morrison is one of those rare transactions whose significance extends well beyond the companies involved. Today’s analysis examines the deal through a broad strategic lens, exploring why Berkshire may be betting not simply on a homebuilder, but on a leadership team, a scalable operating platform and the […]
Hostile takeovers don’t happen often among publicly traded companies in America, and they’re even rarer in U.S. homebuilding. So a little over a week of public quiet during Dream Finders Homes’ hostile pursuit of Beazer Homes should not be mistaken for inaction. Rather, this may be the phase when the under-the-hood work moves out of […]
Beazer Homes is not merely rejecting a takeover bid. It is trying to show that Dream Finders Homes is asking shareholders to cash out before Beazer’s turnaround is fully reflected in the stock. That distinction matters because Dream Finders’ latest all-cash proposal of $25.75 per share came after earlier offers of $28.50 and $29.00, even […]
While Wall Street waits to see if and when Dream Finders Homes returns with a sweeter bid after Beazer Homes’ board rejected its third unsolicited takeover proposal, another provocative question may be lurking across the sector. What if Dream Finders’ hostile move this week did more than put Beazer in play? What if it exposed […]
Broker Public Portal and Realtors Property Resource (RPR) have formed a new collaboration that will integrate RPR’s Realtors Valuation Model.
The transcript from this week’s, MiB: Bill Miller IV, CIO, PM, Miller Value Fund, is below. You can stream and download our full conversation, including any podcast extras, on Apple Podcasts, Spotify, YouTube (video), YouTube (audio), and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~…
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This week, I speak with Bill Miller IV, Chief Investment Officer and the Portfolio Manager for the Miller Value Fund about his start in investing. We discuss the rise of bitcoin, and how it may mirror technology in general. We also discuss his firm’s approach to high concentration and conviction investing. A list…
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Corcoran Reverie agents will have exclusive professional access to the platform’s valuation and market analysis tools.
Since being named a HousingWire Rising Star, William Salus has expanded his leadership role, helping drive enterprise modernization and cross-functional innovation at Opteon.