An Open Letter to Goldman's CFO on Employee Compensation

Published: September 18, 2018

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New York Times

Bastiat Capital has recently published several pieces of research on Goldman Sachs share-based compensation culture. We compiled this research and forwarded it to the board of Goldman Sachs, to which we received a comprehensive response from R. ...

Top-Ranked Deep Value Manager's Latest Small-Cap Idea

Published: September 13, 2018

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Print57, Flickr

I think a lot of folks bifurcate the world into value and growth, but this doesn’t make sense to me. I define value investing as buying an asset at a discount to intrinsic value. Just because a business is growing quickly doesn’t mean you can’t bu...

The Great, Undiscovered CEOs Research Challenge

Published: September 12, 2018

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U.S. Department of the Treasury

SumZero is pleased to launch a dedicated research challenge executed in exclusive partnership with a multi-billion New York City-based hedge fund. The Challenge is designed to identify actionable investments led by unsung, but nevertheless outstan...

Advice from Top Ranked Micro Cap Specialist

Published: September 05, 2018

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Optex is highly dependent on military spending for the company’s revenues and profits. The U.S. budget sequester in 2013 was a hard time for the company. Although this risk cannot be diversified away, we take some comfort in the planned increase...

Inter-Korean Diplomacy Stokes Optimism for Seoul-Based PM

Published: September 01, 2018

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With plans announced for a third inter-Korean summit this fall, the prospect of reconciliation on the Korean Peninsula looms. Chan H. Lee, co-founder and PM of Petra Capital Management, sat down with SumZero to share his insights on Korean market ...

Advice from SumZero's All Time Top Ranked Analyst

Published: August 23, 2018

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All investments are based on a fundamental assessment of absolute, intrinsic value. This likely reflects the influence the Applied Value Investing program. I’m looking for securities that are cheap, not securities where I think I can predict a cha...