Articles
Being A Father
What's better: leaving your children with $100M after you pass away, or leaving them with fond memories of your time together? Sparked by an unexpected comment from a millionaire's son, I ponder this question.
Questions I’d be Asking If I Owned Tesla Stock
Here’s a big question I’d be asking if I owned Tesla stock: What happened to 345,000 reservations?
Why My Firm Sold Short-Term Bond ETFs and Bought U.S. Treasury Bills
Recently my firm replaced all of our short-term bond exchange-traded funds with U.S. Treasury bills. The core motive for this decision was not to pick up a few points of extra yield, though that’s a nice bonus.
What Would You Get if You Crossed Warren Buffett, Richard Branson and Steve Jobs? (Updated)
When we bought SoftBank a few years ago it was relatively unknown to most US investors. Some of our clients even thought it was a bank. Today Softbank is a daily staple in the business news.
London Value Conference Presentation (Q&A)
I had the pleasure of speaking at the London Value Conference, which was a terrific, first-rate event. I did not make a formal presentation; instead I did Q&A with my friend, the wonderful David Shapiro.
I Don’t Eat Desserts
As I got into my mid-forties I landed in my own version of a midlife crisis. Instead of getting a 20-year-old girlfriend or a red convertible, I started paying attention to my health.
Public Speaking. London. Laguna Beach
On May 24 I’ll be speaking at the London Value Investor Conference. My super-smart friend David Shapiro is the conference’s MC, in addition to running a very successful fund of funds in London, he will be conducting a fireside type of chat interview with me.
Socially Irresponsible Investing
Socially responsible investing. Awesome! What’s not to love – your capital doesn’t just enrich your life, it also flows only to companies that do social good.
50 Shades of Warren Buffett or Next Year In Omaha
I am about to embark on my 11th annual trip to Warren Buffett’s Omaha. This year I have something unique to share with you: an excerpt from a chapter I contributed to a brand new book, The Warren Buffett Shareholder.
Why I Canceled My Tesla Model 3 Order
I visited the Tesla store to check out the Model 3 but it was not available to view or test drive, now I'm considering cancelling my order on the Tesla Model 3 and buying a used Model S or waiting for an electric car from another manufacturer.
Exxon Mobil Think Again
ExxonMobil was one of the most respected oil companies in the world. Its stock was passed from generation to generation.
How The Stock Market Turns Investors Into Gamblers
People tend to forget that stock prices fluctuate due to many factors and not necessarily the true value of the stock. It is important to focus on the actual value of the company when investing in stocks rather than the market prices to avoid becoming a "degenerate gambler".
Welch vs Bezos – The Dangers of Investing in General Electric
A lot of times I won’t have an insight into a business because I don’t understand it or because it’s too complex. General Electric is a great example. As a value investor I should be all over this iconic stock, which is making a generational low.
Amazon Is Not a Threat to This Industry
Amazon's entrance into the US healthcare market caused stocks in the healthcare sector to drop, but upon further investigation it became evident that these concerns were overblown.
I Left My Heart in San Francisco
I had a short meeting in San Francisco on Sunday. I absolutely hate travelling alone, and this time I was joined by daughter Hannah and my aunt. I always look for an excuse to visit San Francisco.
Options, Hurricanes and Hedging
We always look at our investment process and ask, “What can we do better for our options?” How can we increase returns and lower risk?
The Invisible Hand: Balancing Supply and Demand in a Capitalist Economy
How the Federal Reserve's quantitative easing has mutated the DNA of the global economy, and how well-meaning economists running central banks don't know the correct price of money or the consequences of their actions.
What Will The Stock Market Do Next?
I want to let you in on a small Wall Street secret: No one knows what the stock market will do next.
Antifragility and Value Investing – Part 2
In addition to our traditional quality analysis, which falls into three buckets (business, balance sheet, and management), we also look at companies through the slightly different lens of fragility.
Antifragility and Value Investing – Part 1
What do you do when a company you own makes a large acquisition?
