Once you buy a home and move in that’s it for spending. All major appliances work at 100% efficiency. Your significant other doesn’t think anything needs to be upgraded or replaced. The landscape is immaculate and doesn’t require any redesigning…. Read More
You’re sitting inside the cockpit of a converted ICBM missile about to be launched into space. The last 7 times NASA test launched this rocket it was a success, but the first 20 test launches had a 45% failure rate…. Read More
In 1994 a legendary wall street bond trader launched a new hedge fund with $1 billion in assets, recruiting several top traders, two future Nobel prize winners and several PhD’s from MIT. In its first three years the fund posted… Read More
Even when the stock market is showing signs of excess there are always pockets of value. One of those pockets at the start of 2021 was the defense industry. We added the stock of Northrop Grumman to our dividend growth… Read More
Are you a better investor than a pigeon? We’re going to answer this question by examining a light guessing game and from there we’ll derive two main lessons for investing in the stock market.The game requires you and a pigeon… Read More
Uncertainty surrounding the answer to the question, “Will I have enough?” is a large source of anxiety for many people nearing retirement age. Even exceptional savers often wonder if they will have enough, if their level of spending is sustainable,… Read More
A year ago we bought Discover Financial Services (DFS) when it was trading at a deep discount to our estimate of fair value. Discover was trading at a deep discount because of the pandemic market panic and fears of the… Read More
The 5 main factors that could cause the U.S. economy to boom like it did during the 1920s. Employment GDP Growth Corporate Earnings Financial Markets U.S. Consumer Health 5 Factors for the Economy to Boom like the Roaring 20s
We’re back! Glenn breaks down our position in Texas Pacific Land (TPL). Its unusual history, corporate structure, and dividend The catalysts for future price appreciation and dividend growth. The main risks to our investment And a quick update on fair… Read More
The Coronavirus market panic created an opportunity for us to buy companies we’ve wanted to own at great prices. Discover Financial Services (DFS) was one of them. Consumer financial stocks were hit hard during the market panic. Discover Financial dropped… Read More
The Big Picture – Staying Invested We are strong adherents of the KISS (“keep it simple stupid”) philosophy when it comes to investing. Focus