Alex Dumortier, CFA
TMFAleph1
Alex Dumortier covers daily market activity from a contrarian, value-oriented perspective.
Recent Articles by Alex Dumortier, CFA
Jan 28, 2020
by Alex Dumortier, CFA
Fairfax Financial Picks Up Allied World Assurance in Christmas Bargain Hunt
With the $4.9 billion acquisition of Allied World Assurance, Prem Watsa aims to complete Fairfax Financial Holdings' largest-ever deal. But for this value investor, price is more important than size.

Dec 19, 2016
by Alex Dumortier, CFA
Mortgage Rates Little Changed; European Banks Ready to Bury the Mortgage-Crisis Ghost
The main fixed-rate mortgages were little changed on Monday; meanwhile, Deutsche Bank and Credit Suisse are reportedly making headway in reaching a settlement with the Justice Department regarding their activities in the run-up to the mortgage crisis.

Jul 15, 2016
by Alex Dumortier, CFA
Herbalife Investment Reveals Bill Ackman's Psychological Limits
Distinguishing between confidence and hubris is extraordinarily difficult when you're leading a high-profile, adversarial campaign against a company, as billionaire investor Bill Ackman is discovering with his unsuccessful encounter with Herbalife Ltd.

Jul 13, 2016
by Alex Dumortier, CFA
The Sequoia Fund Finally Exits Valeant Pharmaceuticals: 2 Lessons for Investors From a Fiasco
The Sequoia Fund disclosed that it has sold its remaining stake in troubled drug company Valeant Pharmaceuticals, but there are valuable lessons for investors to learn from Sequoia's multibillion-dollar mistake.
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