I am normally loath to add commentary on the macro yack d’jure as I simply can’t imagine you woke up this morning wondering, wow, I
“It is difficult to get a man to understand something when his salary depends on his not understanding it.” The former wrote the attached piece,
Charlie Munger, the former vice chairman at Berkshire Hathaway, has a take on drawdowns worth quoting in detail: “I think it’s in the nature of long-term
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
Read this: Now pull up the chart of Constellation Software. Operators are standing by.
I think this cut and paste from a recent email might apply and be helpful to any lurkers. Operators are standing by. Now that
Rarely has a man been so quoted and so rarely followed, except maybe Christ and Mohammed. “Dude, I was at Berkshire with my buddies…are you
Yes, it’s corporate governance season and I have spent two awful periods of time recently: watching the LA Kings and the stupendous waste of time
The company is Global Indemnity(GBLI). We own it where we can, and I own it personally. We have written about it before, here. Cheap, weird,
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.
And I don’t mean 124 word Tweets. Annual Reports, 10-K’s and Proxies are “basic” and one would think everyone reads them so where is the
