Investor Essentials Daily

It’s not surprising that Vincent Vega didn’t go to Burger King to find out what the Whopper was called in Pulp Fiction. McDonald’s has long been the most ubiquitous of all the fast food chains, in the US and globally. This is why Vincent...

The spinoff of Adient was a huge deal for Johnson Controls (JCI)...

The Muslim conquests following the death of Muhammad in 632 AD steadily built over the next one hundred years. The accumulation of victories began to take on an air of inevitability. From 638-642, most of the Byzantine empire’s...

The Camp Fires in northern California in November 2018 were one of the worst wild fires ever recorded in California. The impact was massive. 85 people were killed, and 14,000 residences were destroyed...

In March 2000, Julian Robertson made the decision to return all Tiger Management’s investors’ money. He shut down the hedge fund. One of Tiger’s funds, the Jaguar Fund, had dropped 14% in the first 2 months of the year, having lost almost...

In 1099, the army of the Muslim Fatimid Caliphate thought they were secure behind the walls of Jerusalem. They were facing a Crusader army that had been decimated by hunger and thirst and were depleted from their siege of Antioch and journey inland...

When Mark Cuban bought the Dallas Mavericks on January 4, 2000, the team had had a 240-550 record the prior 10 years. Through the entire 1990s, the team went to the playoffs once, in 1990. They lost all 3 games in that playoff series...

On May 15, 1911, many people thought that one of the richest men the world has ever seen was just taken down. He wasn’t. John D. Rockefeller’s wealth peaked at $900 billion in today’s dollars in 1912, not because of the breakup of his empire, but because he started to give away his money. But the trust busters still won in 1911...

It’s game 3 of the 1932 World Series, and the score is tied 4-4 in the 5th inning. October baseball is always special, but an at bat in a tied game in the World Series is a true pressure cooker. Babe Ruth strode to the plate for the Yankees, facing the Chicago Cubs in Wrigley Field...

In 2009, we knew Palm was doomed. For most of you, if you remember Palm at all, you remember it because of the Palm Pilot. The handheld personal device that was about 15 years ahead of its time. It basically created the market that is now the tablet and smart phone market...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...