Articles
Equinor: A Good Oil Crisis is Never Wasted
Should you buy commodity stocks? The long-term outlook for oil is not brightand the current decline in oil prices will not last forever. If oil prices decline, Equinor may have to cut its dividend but will still be strong. If oil prices stay at their current level, there is some upside to the stock's valuation, and if they go up, they will benefit Equinor.
Bollore: Streaming Music & Cash Flows
We purchased Bollore, a two-hundred-year-old French conglomerate run by Vincent Bollore, for its two operating divisions: ports in Western Africa and a battery manufacturing business. We were primarily interested in Bollore's 25% stake in Vivendi, which owns the Universal Music Group.
Daily Journal
I started keeping a daily journal to see how journaling will impact what I write about. Writing down important conversations I have may allow me to explore them further on my own.
Cultural Calendar
I listened to Tim Ferris’s interview with Neil Degrasse Tyson. There are a few insights that I got from this interview. You need to expose your kids to the world, so I set a day each month where I look ahead a month or two and plan our “cultural calendar”.
2020: Party Like It’s 1999?
The 2020 stock market is experiencing a light version of the 1999 dot-com bubble, with growth stocks being incredibly expensive and value stocks underperforming. What will the feature bring?
Market Risk & The All-Terrain Portfolio
I sat down for an interview with RealVision TV to discuss IMA’s All-Terrain Portfolio, Tesla, Bitcoin, oil, the dollar, value investing, and more.
Is Tesla Apple? Is Elon Musk Steve Jobs?
Examination of the potential success of Tesla, comparing it to Apple. What advantages Tesla has, and can Tesla become as successful as Apple?
Why We Don’t Own Tesla stock (and no, we’re not bears)
After writing a 37-page opus on Tesla, I am often asked what I think of Tesla stock. Although I am a very enthusiastic Model 3 owner, I can equally see both sides of the argument around Tesla as an investment. This makes me neither bullish nor bearish, but someone who can foresee distinctly different paths for Tesla the company and Tesla the stock.
Tribalism in Investing Might Leave You Broke
People have a tendency to form tribes and stick to the views of that group, even if they don't agree with them. Tribalism can be dangerous in investing, as it can lead to ignoring important facts and evidence. How to avoid this?
Broadening Our Horizons with Complexity
The Santa Fe Institute takes an interdisciplinary approach to research, and is a leader in complexity theory, which looks at the economy as an organic, ever-evolving ecosystem. How can I apply this theory to my own mental models
Why We Sold Softbank
To understand why we sold it, you need to understand why we bought it.We bought Softbank when it was an unknown company to US investors.
My Single Greatest Achievement
My son Jonah is taking a gap year after graduating high school and will spend the next two semesters in Israel. Before Jonah boarded the plane, we exchanged letters. What he wrote to me stands above anything else I have accomplished in my life. This is my single greatest achievement.
Personal Finance Advice That Changed My Life
Today I am going to write about a topic I have never written about before: personal finance. I am writing about this not so much for you, faithful reader, as for my kids.
Transgender Trees, Homelessness, and a Dare in San Francisco
I was on a trip to San Francisco with my kids. As I am flipping through the memory bank, I am shocked at how many experiences we packed into three days.
These Simple Tips Can Make You a Better Investor
The stock market is not your friend. Instead, the market awakens a dangerous emotion — fear. Fear is not your friend, either. Here are some simple tips that can make you a better investor.
Should You Invest in Marijuana Stocks?
What do you think about investing in marijuana stocks? We think making money on marijuana (cannabis with high content of intoxicating THC) and hemp (cannabis that contains low content of THC) will be very difficult.
Looking for Denny Crane at a Star Trek Convention
My daughter Hannah and I visited the Star Trek convention in Denver to meet William Shatner because of his role of Denny Crane.
Was the Uber IPO a Success?
The media often portrays a successful IPO as one that opens 30-100% above its set price and finishes the day up, however this is not beneficial to the company itself. We can look at the Uber IPO from a different perspective.
Here’s Why Pharmacy Stocks Are a Bargain Right Now
Why pharmacy stocks are a good investment right now? Let's take a look at two specific companies, McKesson and Walgreens Boots Alliance.
