Author: Jeffrey Bronchick, CFA

Murray Stahl has been referenced here before. Google away on him and Horizon Kinetics and sit down for some long reads. A great writer he

I lifted this from a recent Financial Times piece. What I will add for the intrepid reader is a longer time horizon. It is correct

Yes, there are some people who think it is fun to read the 1977 to 1997 Berkshire Hathaway shareholder letters on the Beach. It is

This is a speech given in 1998 by Arthur Levitt, the SEC Commissioner. He obviously had a sense of the nature of man and money,

In a nutshell, valuations matter.  Good past performance tends to attract and avalanche of money which raises the valuation of said investment bucket which steals

Anyone who uses electrical components is a giant importer. This is a good look at what is happening on the border now. Not pretty. To

The trend is the idea that a Board of Directors should effectively pay greenmail to a departing Director in order for him/her to shut their mouths and go away.