You lose $8,000 in one night playing Blackjack. Are you going to try and win it all back again tomorrow?You do come back and you lose even more. This time it’s $10,000. Are you finally done, or will you come… Read More
We all know the famous Warren Buffett quote about only swinging at a “fat pitch”. It’s a beloved quote and a lot of people use it to describe their own investment process. But they use the “Fat Pitch” as a… Read More
Social Psychologist Lee Ross ran an experiment where he took peace proposals created by Israeli negotiators and labeled them Palestinian. He then labeled Palestinian peace proposals as Israeli. He presented them to Israeli citizens and asked them which ones they… Read More
The first true pharmaceutical biotech company was Genentech. Launched in 1976 and funded by the now legendary venture capital firm Kleiner Perkins, Genentech would license a new recombinant DNA technology to make insulin safer, faster, and cheaper than the current… Read More
The Power Law is a book about Venture Capital investing but that doesn’t mean it doesn’t hold lessons for public market investing. These are 12 investing lessons I found in the book. Lesson 1: Size Your Positions Correctly Venture investing… Read More
Bottleneck Business A bottleneck business is a term created by Akre Capital Management and it describes a business that: a) sits atop large, global, secular growth opportunities fed by multiple industries and geographies, b) has those opportunities funneled (hence the… Read More
The historical dividend per share chart for The New York Times is horrible. But if we zoom into the last 5 years, it gets interesting. That’s an 11.8% CAGR. The last few years highlight a structural business shift. This strategy… Read More
During any market correction — we’re lumping corrections and bear markets into one category for this article — a common question is how are you managing risk in the AMM Dividend Growth Strategy? Risk management is something that happens before… Read More
Why do Luxury goods providers have a moat around their business? How do Luxury goods providers maintain their market position and their social position with consumers? They’re just selling a product, albeit; a high-quality and expensive product. In theory, a… Read More
The Perfect Food Pizza is the perfect food. It’s a complex taste with the perfect blend of fat, sweet, and rich foods. Cheese provides the fat. Pizza sauce is sweet. And meat toppings provide the richness. Pizza’s taste complexity is… Read More
On the journey towards financial well-being, knowledge truly is power. While I think most would agree that money management is a vital life skill,