“No man is better than a machine, no machine is better than a man with a machine”


5 Predictions for the Future of Investing

The CFA Institute recently solicited video submissions about the future of global investing, an irresistible lure to those inclined to share predictions from their “crystal ball.” My submission highlighted five disruptive forces influencing the future of global investing, starting with many people’s favorite topic, artificial intelligence: 1. Artificial intelligence, big data and machine learning will be…

Fastenal: Why Being Cheap Works As a Business Strategy

FastenalFastenal is one of the best-performing stocks of the past decade. Since the beginning of January 2010, shares in the industrial distribution company have yielded an average annual return of 16%, turning every $10,000 invested into $44,264. Q2 2020 hedge fund letters, conferences and more In many ways, Fastenal is not the sort of business Read More