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 Texas and Pacific Railroad earned a charter in 1871 to connect West Texas to California. Jay Gould, the infamous Robber Baron, took control of the company in 1876 and completed the rail line. The successful completion unlocked the 3.5… Read More
Listen AMM Dividend Letters #39 – Proving Yourself Wrong & eBay #40 – The Emoji Guide to Investing & Charles Schwab #24 – How Long Can You Hold Onto Disney Links Horizon Kinetics Q3 2020 Letter The Art of Execution… Read More
Bonds are essentially loans. You give a company or some other entity money, they pay you interest, and eventually give you your original investment