Category Archives: Investing/Finance

Andrew Lyon on total amount of corporate deferred taxes: “We have not looked at that data.”

Well, I have.  And it’s not pretty. [You would think a former treasury secretary and current PwC employee would have actually considered this “data” to be a little important.  Evidently not.] Corporations paid roughly $190B in federal taxes in 2010 … Continue reading

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Deferred Taxes – a Sneaky Form of Cheap Financing

One of my latest engagements has been to dig a little deeper with deferred tax liabilities.  The initial spark for this study was my noticing that Intel’s deferred tax liabilities jumped by $850M during their most recent quarter, on earnings … Continue reading

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Notes from “How Quickly they Forget” – Howard Marks

Howard Marks from Oaktree Capital occasionally puts out a letter to his investors.  Marks, and his fund, are very value oriented.  Here are several notes from his latest letter: Rather than balancing greed against fear, euphoria against depression, and risk … Continue reading

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