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- 5 min
Globe Trotting Curiosity
We found undervalued tickets by looking through a wider lens at teams/markets loaded with talent just joining the league of capitalism.
- 6 min
WHOA...what if there isn't a Safe Withdrawal Rate?
The safe withdrawal rate of 4% keeps leading to more challenging questions than long-lasting answers, and new versions keep changing...
- 5 min
Solving A Bank Heist: Follow The Money
There were ten security cameras perched above the bank teller’s window. A customer in a black coat walked up to the only banker left in...
- 8 min
Energy Smuggling Good
This will be the least popular idea I have shared in almost three decades of stock research. As always, I have no idea what will happen...
- 2 min
5 Questions to Ask an Investment Advisor Before Hiring Them
Any of your questions should be fair game, ask them all. The questions here have a little extra bite in them based on our experience over...
- 2 min
Financial Planning for Your Freedom Day
Most people are told they need to plan for retirement, but wonder what size their accounts need to be at what age. Then they spend years...
- 9 min
Dividend Growth: The Mikan Drill for Retirement Income
The arc of complex data analysis surrounding any question now is expanding so fast that I wonder if we are ending up farther away from...
- 6 min
Uncommon Dividends of batting .285
How does a kid who never made it past the 8th grade become one of the world’s most quoted philosophers, on a variety of complex subjects?...
- 4 min
No Moat Is Safe
My first memories of what a giant moat must feel like, was as a little kid in the early 1980s watching the Georgetown Hoyas defend the...
- 3 min
Capitalism’s Greatest Dividend Is Solving Problems
Robert Johnson was on his way to vacation and struck up a conversation with a railroad doctor on the train. Johnson was told about the...
- 4 min
Levered Work, Balanced Sheets
“Just meet me at Buck’s, and we can talk about it,” he told me. I did not know where, or what that was. I had never been to Woodside,...
- 1 min
JOMO
He smiled, after working hard all day for a little extra savings to invest. At month end, he always employs those few dollars to start...
- 5 min
Paradox Of Paper
The stated goal of this group of investors was to be “tops” in the business of “change-makers.” They were four brothers, and sons of an...
- 4 min
The Most Underrated Investor
Let’s start with the so-called “smart money.” Big institutions used to have better access to company data, to make their forecasts....
- 10 min
Confessions Of A Digital Dinosaur: Esports Potential Is Enormous. What Else Is Going On There?!
I had to see this place with my own eyes. The first university from a Power 5 conference to offer esports scholarships was the University...
- 3 min
Incredible H.U.L.K.
My kids know the supper table is my favorite place in the world. WE have grown up there, together. I love good food, but I am there for...
- 3 min
The Genius Of Not Knowing
After Hurricane Andrew in 1992, Warren Buffett said “It’s only after the tide goes out that you learn who’s been swimming naked.” He was...
- 7 min
Digging Moats
A very popular investment question about a business is – how big is the moat? The size of an advantage from competitors is important. A...
- 6 min
MORE’s Law: Technology’s Greatest App Will Be Science
There is so much more I don’t know now than when I started as a portfolio manager twenty-four years ago. I don’t wrestle with this fact,...