logo

Category : Recommended Reading

What Truly Matters is Finding the Right Partners

There is a very real temptation to think someone else is smart based upon the premise that they say things with which you completely agree. Here is a perfect example. Now let’s put this interview into reality. We have met with MIT. We seem like a perfect match. “We aren’t concentrated enough and we technically have more than one strategy” was the headline rejection. We can very effectively argue…and practice…against both, but the simple fact is that life often unfolds […]

Capital Allocation 101

Sadly, most CEOs don’t read this. They should.

Tweedy Browne’s Characteristics of Successful Investing

A nice reminder for all of us…since it can seem easy to forget when one lives in a world seemingly full of unicorns.

Value Investing: Fact and Fiction

“I came, I saw, I purchased at a low multiple” …from Graham to Asness it still works. CLICK HERE to read more.

Active Share is Overrated — Just Be Right!

Investing other people’s money for a fee is fiendishly simple—just avoid being terribly wrong. This applies to widely diversified or concentrated portfolios. Read on.

Blast from the Past

A few thousand years ago, a friend of the CSC lead PM was a good friend of Jim Cramer who was starting this “online thing” back in the late 1990’s. Was there room for someone writing about value? It was a great time, the original staff of writers were mostly terrific people and all proceeds of $1 per word went to the very deserving Paige Foundation. Pretty funny stuff. And hair.

Summer Reading List

All the Light We Cannot See — Anthony Doerr Churchill — Paul Johnson Hitch-22: A Memoir — Christopher Hitchens How Life Imitates Chess: Making the Right Moves, from the Board to the Boardroom — Gary Kasporov The Limits of Strategy: Lessons in Leadership from the Computer Industry — Ernest Von Simson Mr. Bones: Twenty Stories — Paul Theroux My Brilliant Friend — Elena Ferrante Old Masters and Young Geniuses: The Two Life Cycles of Artistic Creativity — David W. Galenson […]

Things That Make Sense to Us…

…That Were Written By Other Guys

Atul Gawande, Money Manager

I have no idea how this guy has a life when I merely glance at his bio—but that is not our concern. Substitute “money manager” instead of doctor and his commencement speech becomes worth thinking about. And his new book, Being Mortal, is a stupendously important book for anyone that is a certain age…or merely has parents.

Confessions

I have been an on-again, off-again subscriber of the Journal of Applied Corporate Finance (and a predecessor) for more than 20 years. It is worth reabsorbing every few years because our ears get so full of the conventional, PR-driven crap that pours out of corporate America. Then you subscribe again, ask the management team in front of you to hold for a minute, run to the other room and throw this down and say “Don’t talk to me again until […]