Articles
Russia – History Repeats Itself
A few weeks ago I was asked to speak to the CFA Association of Russia about my most recent book. Here is my reply:
Vision Pro is the Vision of the Future
I have read reviews of Vision Pro, Apple’s virtual reality headset. Meta’s Quest Pro suddenly started to remind me of Microsoft PCs – made by engineers for engineers, where the Vision Pro is created by humans for humans
A Story about a Story
Apple is the best storytelling company on the planet. In its storytelling, Apple so wants you to fall in love and have an emotional connection with its product that it even names the parts that go into it.
You are – What you think about (Recession, Economy, Stock Market)
I’ve been asked by many readers and some clients for my thoughts on the economy and recession. As I am typing this, I’m thinking about how much ink I should be spilling on writing about the recession and how much time we, as investors, should be allocating to thinking and worrying about it.
Embrace Good Problems: Advice to Young People Today
A 22-year-old daughter of a friend, for the first time in her life, has hit a brick wall. I told her that, as frustrating as her life may seem right now, she is having a good problem; and happiness in life comes from having good problems.
What I Learned From the Oracle of Omaha & Charlie Munger
My favorite line from Charlie Munger was: “Practicing law today is like a pie-eating contest, where if you succeed, you get to eat more pie.”
Chess Saga Continues
With Hannah’s passion for chess growing and the lockdowns easing, we discovered the wonderful world of chess meetups.
Me, My Boy, and Warren Buffett with 2023 Postscript
The fourteen-year-old Jonah could not sit through the annual meeting; he was preoccupied with anything and everything but Buffett’s and Munger’s wisdom.
Should I be worried about the safety of my Schwab account?
Many investors, including our clients, have been worried about their Schawb account safety. Are they right to be worried?
Libertarian’s (Unexpected) View on the Bailout of the Banking System
Bailout of the banking system create social tension. Eventually, bailouts introduce so much risk into the system that failures and bailouts become too costly for the society to bear, government creates draconian rules trying to prevent them in future, which in turn kills innovation and the formation of new businesses, and the result is a stagnating economy.
What to Expect After the Silicon Valley Bank Collapse
The Silicon Valley Bank collapse may be an extreme event, but it gives us a preview at a 100x magnification of what other banks are facing.
The Stock Market, The Economy, Possible Outcomes, How to Invest
This is part one of the winter seasonal letter I wrote to IMA clients, sharing my thoughts about the economy and the market. I tried something I’ve never done before. Instead of conveying my message through storytelling, I tried to compress my thoughts into short sentences…
Hidden costs of living in Switzerland
After a recent trip to India, the contrast with Switzerland was stark. But there are hidden costs of living in Switzerland as well.
Why we’re confident in our Charter investment
The CHTR decline may have kicked us in the face, but our extensive research is telling we’re not wrong about our Charter investment. Here’s why:
The Real Country of Contrasts: Our Unforgettable Trip to India
My daughter Hannah and I went to a trip to India. We visited a small part of this large country, the most populous in the world.
Stock Market Roller Coaster: Prepare for a Decade or Two of Disappointing Returns!
Investors who own index funds have likely strapped themselves into a giant stock market roller coaster which, to this point, has only gone up.
Why we’re not celebrating the vindication of our investing principles
Value investors have had a miserable time over the past years. Now that our investing principles are finally being vindicated, you’d expect us to gloat. But Herr Schadenfreude is not a friend of ours.
How Greed and Leverage Destroyed the Crypto Tulip Market
Crypto currency was touted as antidote to central banking. But with its own flaws, is the system itself to blame for this crypto market crash?
Why non-transitory recession is coming and how to face it as an investor
Recessions are like forest fires – small ones are healthy for the forest. However, the longer you suppress fire, the more dead material the forest accumulates. Eventually, when it does pay a visit, it is more devastating and its effects are more long-lasting.The recession that is coming could be a big fire.
Curmudgeon on Cryptocurrency
I share a story about when four separate people asked me about "investing" in cryptocurrencies, as well as my thoughts on Bitcoin and other crypto-assets.
Are housing prices about to drop? A value investor’s take
Inflation is on the rise in the US. So are the interest rates. So what about the housing market? Are we going to see housing prices decline? Read below to find out.
