Options, Hurricanes And Hedging
I Left My Heart… I had a short meeting in San Francisco on Sunday. I absolutely hate travelling alone, and … Read more
I Left My Heart… I had a short meeting in San Francisco on Sunday. I absolutely hate travelling alone, and … Read more
The Federal Reserve’s changing of the guard — the end of the Janet Yellen’s tenure and the beginning of the … Read more
The article was in the works for over a year. I sat down to write it several times, and every … Read more
I’ve been asked to comment on the most recent market decline. My initial reaction was, markets go up and they go down. America is … Read more
Path dependency is a very important concept. It’s something we constantly think about, and thus, we’ll take a small detour … Read more
What do you do when a company you own makes a large acquisition? With the Discovery and Gilead acquisitions, we … Read more
Tesla Inc (NASDAQ:TSLA) is an uninvestable stock for me, not just because of its high valuation but also because it … Read more
As a shareholder, you do well to place more emphasis on risk than on reward. Corporate management usually does the … Read more
The iPhone was an enormous gamble, as its pushed the limits of then-available technology – the microprocessor, screen, battery, and … Read more
“I don’t know.” These three words don’t inspire a lot of confidence in the messenger and probably will not get … Read more
I’ve been asked about Bitcoin a lot lately. I’ haven’t written anything about it because I find myself in an … Read more
I’ve written more articles about Apple than any other company we’ve ever owned. If I were to lie on Dr. … Read more
Writing about the future of investing in the current global economic climate is an easy way to get depressed. After … Read more
The iPhone X is likely to be a phenomenal success for Apple. But its success will not be driven by … Read more
We are having a hard time finding high-quality companies at attractive valuations. For us, this is not an academic frustration. … Read more