Stock Analysis
Thoughts on iPhone 6s
Writing is a very weird experience for me. Sometimes it feels almost like an act of divine intervention. Not because of the divinity of it, but because of the intervention part. It’s almost as if I were a vessel for a guy (at least I hope it’s a guy) inside my head trying to communicate with my readers.
Innovation is Alive and Well at Apple
Can Apple still come up with breakthrough innovations? In September Apple introduced an iPhone with 3-D touch, Apple TV that ...
Manifesto – The Values of Value Investing
I rarely share letters we write to IMA’s clients, but I decided to share this “Value Investor’s Manifesto” I wrote for our clients in July. It should be a helpful tool to frame recent volatility in an appropriate perspective.
The Apple Watch Is More Than a Cool Gadget
“You know how difficult it is to explain to a nonparent the joy of having kids? The Apple Watch is the same thing. It’s hard to explain how great it is to someone who has never worn one.”
The Conn’s Paradox, or the Synergy of Awful
One plus one equals three: That is a business school definition of synergy. Two companies join forces, and the quality ...
How Emotional Intelligence Can Make You a Better Investor
Your knee hurts, so you pay a visit to your favorite orthopedist. He smiles, maybe even gives you a hug, and then tells you: “I feel your pain. Really, I do. But I don’t treat left knees, only right ones.
Unraveling the Mystery of Oil and the Swiss Franc
Has the DNA of the global economy been gradually altered by endless injections of quantitative easing, morphing it into a freakish mutant? Are things that are not supposed to happen for centuries on end going to become common occurrences?
Buying Warren Buffett, Richard Branson and Steve Jobs at a Discount
What would you get if you crossed Warren Buffett, Richard Branson and Steve Jobs? Answer: Masayoshi Son, the Korean-Japanese, University of California, Berkeley–educated founder of one of Japan’s most successful companies, SoftBank Corp.
Bad News at Tesco Could Be Good News for Investors
Sir John Templeton, father of international investing, coined the term “points of maximum pessimism” — you want to buy when the news flow is horrible, because the bad news is likely to be more than priced into the stock. This is where I feel Tesco is today
Putin’s World: Why Russia’s Showdown with the West Will Worsen
Putin’s World: Why Russia’s Showdown with the West Will Worsen I grew up hating America. I lived in the Soviet ...
Investment Lessons Learned from the Poker Table
“I don’t know.” These three words don’t inspire a lot of confidence in the messenger and probably will not get me invited onto CNBC, but that is exactly what I think about the topic I am about to discuss.
Making Money by Agreeing to Disagree
“You can have comfort, or you can have value. You cannot have both.” — Jim Grant, on CNBC It is ...
To Infinity and Beyond? Don’t Be Surprised If the U.S. Stock Market Cracks
In 1986 Jeremy Grantham started to warn his firm’s clients about the eventual bursting of the Japanese stock bubble.
The True Value of Macro Forecasting
While in Omaha for the Berkshire Hathaway annual meeting one year, I participated in an investment panel hosted by a ...
The Apple Brand
I want to make a quick comment about the Apple brand. Apple’s research and development expense was up 27% last ...
Warren Buffett, Coca-Cola and the Not-So-American Dream
Next Thursday, for the seventh time, I am going to Omaha, Nebraska, for the Berkshire Hathaway annual meeting. But this ...
Behind the Ugly Red Door: Finding Value in an Overpriced Market
I am about to write a quarterly letter to clients, telling them that despite all the giddiness in the stock ...
Will Russia Go to War Over Ukraine? Don’t Bet on It
It is hard for me to see a full-blown war between Russia and Ukraine. There are so few cultural differences ...
How I Bought the Internet — and You Can Too
A few months ago my firm bought the Internet. Let me explain: When people think about the Internet, they imagine ...
Additional Thoughts on The Fed Model and Profit Margins
Last week I’ve shared with you my Institutional Investor article on some important but quite boring topics that include the ...
The Not-So-Big Picture on Financial Models
Rarely do I disagree with fellow investor and financial blogger Barry Ritholtz, but the time has finally come. Last week ...
