Analysis

This company looks like one of my favorite stocks over the last 10 years

October 22, 2019
We were lucky that we got one of our first ideas right. Really right. In many businesses, people want to buy only after you’ve shown you have a track record of good performance in what you do. That’s especially true when
Recent Newsletters
October 21, 2019
The secret to Warren Buffett’s riches
Warren Buffett is a great investor. Many great investors have made themselves billions, but there are few if any investors who have made themselves billionaires through investing. Jim Simons and Ray Dalio, with net worth of $21.6 billion and $18.7 billion are the two investors with the closest wealth to Buffett
October 18, 2019
This company is driving Frontier Communications out of business
Frontier Communications rebranded in 2008, and since then they have been focused on a market that no one else wants. They have been focusing on rolling up the local phone companies throughout the United States
October 17, 2019
The true titans of finance
When someone refers to the titans of finance, people often think of names like Steven Schwartzman in private equity, Jamie Dimon in traditional banking, Ken Moelis in investment banking, or Steve Cohen for hedge funds. But this is really missing the forest from the trees
October 16, 2019
Do AI bots even sleep, let alone dream of electronic sheep?
When Philip K. Dick wrote Do Androids Dream of Electronic Sheep his vision of a post-apocalyptic machine-driven world was vastly different from the technology-driven world we see today
October 15, 2019
The end of the drive-in theater
In 2013, the last passenger car with a front bench seat, the Impala, rolled off the assembly line. By that point, the bench seat was optional, and cost $195 extra. This was a far cry from the days
October 14, 2019
If you can’t beat ‘em, join ‘em
When Kevin Durant looked across the court on May 30th, 2016, it's likely the sense of defeat truly rolled over him. He hadn’t just lost Game 7 of the Western Conference Finals to the Warriors, he was looking at a juggernaut
October 11, 2019
A hip, a hip, my country for a hip
Most clinicians would agree that a hip fracture is one of the most concerning injuries an elderly person can sustain. While many might think of it as just a broken bone, like any others, the mortality rate
October 10, 2019
I’m from the government and I’m here to help
A friend of mine recently sent me a link of stories about inefficiency in government. There was a story about a consulate sending a letter requesting someone pay a fee of $0.50, and using a $1 stamp to send the request
October 9, 2019
Ground Zero For The Trade War And Feeling Fine
It has disrupted telecom equipment and phone supply chains. It has caused significant pain and uncertainty in the agriculture markets. It has changed how management teams think about long-term strategies around where they source clothes that are sold
October 8, 2019
This Is Hiding In Your Company’s IT Infrastructure
If you work in a larger company, you’ve probably experienced a “phishing test” or heard a story about someone who has. Not an actual phishing event, where someone attempts to gain access to your company’s infrastructure
October 7, 2019
What’s in a number anyway?
Over the past 10 years, Pfizer has taken $21 billion in special items. That’s more in special items over 10 years than Amazon has had in net income. It’s more than Baxter International, HCA, FedEx, and Starbucks have had in earnings either
October 5, 2019
Hiding In Plain Sight
Valeant rebranding as Bausch Health after their accounting and specialty pharmacy crisis. Andersen Consulting changed their name to Accenture to shake off Arthur Anderson’s Enron driven collapse. Philip Morris changed their name to Altria...