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- 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...
- 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,...
- 6 min
The Other Side
My hero called. “I just wanted to call and check on you, hear how you’re doing, and find out what you are making the family for lunch.”...
- 4 min
Who’s In Your Headset?
We all know that better and better data is more available, and where to find it, on anything. Any lead in analytics that a team has in...
- 9 min
Top None Percent
I love a peanut butter and jelly sandwich. My kids are not allowed to take one to school. Fast food delivery apps are welcome. Parents...
- 8 min
GRINdexing
“Everything you need to know will become apparent at that time.” Would you join a club with only that explanation for potential new...
- 8 min
150-Year Old Startup
Almost two hundred years ago, there was a Jewish kid named Marcus living in Germany who loved math. His family did not have much money,...
- 13 min
4,000-To-1 Long Shot
How many families have at least one kid who would like to shoot the basketball like Stephen Curry? How many have an adult with financial...
- 5 min
My Favorite Fiduciary
There are books, documentaries, movies, and even more dreams about climbing Mount Everest – the one in Nature and in the Stock Market....