The Tortoise Can Beat The Hare
Dear fellow investors, Jessie Livermore was one of the greatest investors of all time. In the book, Reminiscences of a … Read more
Smead Capital Management
Housing Consensus Dead Wrong
Dear fellow investors, Most people tend to see what’s right in front of them, especially when it comes to housing … Read more
South Sea Forecast: Stockjobbing Becomes Technology
Dear fellow investors, In 1720, the South Sea Bubble arose from what seemed to be good intentions. The South Sea … Read more
Road Not Taken
Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all … Read more
Disciplined Opportunism: Templeton And Price Revisited
Dear fellow investors, A few weeks ago, Barron’s magazine mentioned a book that doesn’t get much play these days titled … Read more
Smoked In 1999 Or Vaped In 2018 What You Pay Buying Shares Matters
Dear fellow investors, Have the purchase price be so attractive that even a mediocre sale gives good results. – Warren … Read more
Investment Humility And Economic Recovery
Dear fellow investors, We make every effort to understand the way that investors go to extremes over what we call … Read more
Berkshire Hathaway Annual Meeting 2018: A Mirage Of Feelings
Dear fellow investors, Much like the 1975 Billboard top ten hit song, Feelings, Warren Buffett and Charlie Munger laid out … Read more
Stretching For Gilded Poles
Dear fellow investors, Elon Musk is possibly the most interesting man in the world, in our opinion. His nobility comes … Read more
Mr. Market Grasps The Esoteric
Dear fellow investors, We are reminded of Ben Graham’s Mr. Market analogy. In his analogy, the stock market is like … Read more
The Good Shepherd Investor
David was the King of Israel and the writer of many of the Psalms. He spent his formative years as … Read more
Is Good Health Worth The Cost?
Dear fellow investors, “The future is never clear, and you pay a very high price in the stock market for … Read more
The Heart Of The Matter
Dear fellow investors, I came across a book titled The Matter of the Heart by Tom Morris that is a … Read more
Betting Against The Flows
Know what you own, and know why you own it.” – Peter Lynch See 2017 Hedge Fund Letters. Dear fellow … Read more
The World Is Not Enough
Dear fellow investors, A few weeks ago, I caught myself pulled in by an old James Bond classic, The World … Read more