Click the image to download a PDF version. This is always the worst time of year to write about “Strategy” because of the cacophony of
Mean Reversion. Valuation Matters. Behavioral Finance- people take a long time to see, admit and react to change. Dot-Com Redux How to invest after valuation
We don’t know either of the parties. We don’t own the stock. But we certainly agree with X premise: social media has enabled any breathing
One of the most common questions you hear when professional investors are being interviewed is “what do you think is interesting in the current market
Security Analysis was probably the investment book most quoted, and least actually read of its time. Howard Marks could be the most-read investment writer of
Press Release from FederalReserve.gov December 02, 2022 Statement by Governor Waller on principles for climate-related financial risk management for large financial institutions “I cannot support
Excerpt taken from Graham & Dodd Annual Breakfast 2022 Guest Speaker: Todd Combs, Moderator: Michael Mauboussin Summary: The event’s guest speaker was Todd Combs and
Excerpt from Musings on Markets: META Lesson 1: Corporate Governance “After five decades of research in corporate governance, my sense is that we have lost
You don’t have to be a poet to understand that today’s world continues to rhyme with thousands of years of our past because we just
“Poorly comprised regulation is often just a gift to overcapitalized and over-lawyered people with a large PR budget.” And this isn’t even “real” regulation, which
Yes, it would be hard to use a Yogi Berra quote while wearing a Dodger uniform, so we will fall onto the Fitzgerald sword that
We Sadly Have NOT Met a Lot of CEOs Like This. And Another 70% Drawdown and We Might Buy the Stock. Q. We look at
Graphs from “Visualizing Countries Grouped by Their Largest Trading Partner (1960-2020)” Read the full article here.
From the Financial Times: “Bernanke, who led the Fed for two terms from 2006 to 2014, was criticized in some quarters for failing to foresee
Take a gander at the takeaways from this “thought piece.” One can make fun of the history of UN fecklessness, but this line of thinking
I am only half kidding with the title above. This article adds some historical perspective to the Small vs. Large debate. Throw in the Value
Our guest on the show this week was Craig Packer, the CEO of Owl Rock Capital Corp (Ticker: ORCC), a $5.4 billion market cap business
Our guest on the show this week was Brian Lane, the President and CEO of Comfort Systems, a $3.6 billion market cap company that provides
There are lots of spooky things in the world, but what kind of financial institution do you want to own where 6x plus leverage ratios
Jim Bianco is an interesting guy who shouldn’t be on TV as much as he is. This is an interesting and comprehensive piece that suggests
This was Jay Powell’s Jackson Hole speech from 2021. To be fair, he was not any farther off than 90 years of his predecessors. Oops
Our guest on the show this week was Steve Daly, the CEO of Instructure Holdings (ticker: INST), a $3.3 billion market cap educational software company.
In the article below, “The Size Factor,” the authors come to the logical conclusion, “small caps are trading at the steepest discount to large caps
Our guests on the show this week were Scott King and Jeff Gorman, the CEO and Executive Chairman, respectively, of The Gorman-Rupp Company, a $700
What do a salt miner, a movie/TV studio and a satellite provider of broadband have in common? For Compass (salt miner), Lionsgate (movie/TV studio) and
It’s a beautiful thing to be able to tie in anything guitar related with a relevant eye on the investment world, particularly when writing
An interesting and long piece that falls under the rubric of “research is what you are doing when you don’t know what you are doing.”
Murray is one of the great thinkers of our generation of investors in this writer’s rarely humble opinion. He also has a set of interesting
“I am resigning from my position as CEO where I buried the company in Bitcoin to spend more time burying the company in Bitcoin.” MicroStrategy
