Stock Analysis
Discovering Discovery
Millennials get blamed for cord cutting, but Discovery stock’s content, global reach, and Malone’s stewardship may turn fear into opportunity.
Searching for Yield?
Searching for Yield? In a world of debt, negative rates, and inflated stocks, humility and patience may be investors’ best defense.
SoftBank CEO Masayoshi Son Banks on Exponential Growth
SoftBank CEO Masayoshi Son sees exponential growth where others see risk. ARM may look pricey today, but history says don’t bet against him.
The Values of Value Investing
What are the real values of value investing? It’s not just cheap stocks—it’s quality, growth, and the wisdom to know the difference.
Time for an All-Terrain Investment Portfolio
In uncertain times, only an all-terrain investment portfolio—anchored in quality, valuation, and growth—can finish the journey intact.
For Investors, Discovering Truth Takes Time
For investors, discovering truth takes time. Short-term moves mean nothing—patience lets fundamentals reveal which stocks are Microsofts or GoPros.
Jos. A. Bank and the Folly of Quantitative Easing
Jos. A. Bank’s suit sales reveal the folly of quantitative easing—temporary fixes that turn permanent, lose potency, and end in collapse.
Whatever Happened to the Invisible Hand of Capitalism?
Whatever happened to the invisible hand of capitalism? When central banks set the price of money, markets lose their most vital signal.
Gilead Sciences’ Miracle Drug Combination
Gilead Sciences’ miracle drug combo saved millions of lives, cured hep C, and raised tough questions about pricing, profits, and capitalism.
How Investors Should Deal With The Overwhelming Problem Of Understanding The World Economy
Investors struggle with understanding the world economy. Break it down, stress-test your portfolio, and demand a margin of safety.
Downhill Racing Meets Value Investing
Years of easy gains made us all feel like great investors, but when the market shifts, only skill, process, and discipline will keep us standing.
What I Learned from Value Investor Guy Spier
Guy Spier is a tremendous value investor who happens to be a good friend whose company I truly enjoy. He is the most cosmopolitan person I know.
Making the Case — Again — for Micron
I made a case for Boise, Idaho–based chip maker Micron Technology in April 2014. For a while I looked brilliant: The stock went vertical from $22, peaking at $36.
Zurich Presentation & Romantic Road
Guy Spier and I presented and did a joint Q&A with the UK CFA Society, and then the next day we flew to Zürich. There we did another presentation, this time for the Zürich CFA.
Apple’s Electric Car and Its Consequences
I was on Bloomberg Radio with Cory Johnson and Carol Massar, discussing my latest article on Apple’s electric car and its consequences.
Shadow Over Asia
Five years ago, almost to the day, I was interviewed by David Galland, who worked at Casey Research at the time. This interview covered three topics: the Chinese overcapacity bubble, the Japanese debt bubble, and my sideways markets thesis. Five years is a long time, but with the exception of updating some statistics I really would not change anything.
Apple, Amazon, Tesla and the Changing Dynamics of the Car Industry
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.
Thoughts on iPhone 6s
I spent the weekend with an iPhone 6s. I didn’t find many differences between the 6 and 6s.
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 has been turned into a gaming device and a larger iPad with a stylus that will take the tech giant into new niches.
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”.
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.”
