“Don’t confuse genius with a bull market.” HB Neill There probably isn’t an industry that historically gets more impacted by disruption than the media space. The current narrative and environment […]

It seems like every day there’s a new story discussing the global shortage in semiconductors/chips, affecting everything from smartphones, to computers, to data centers and medical devices (examples here, here, […]

A student asked me for investing book recommendations a couple of weeks ago. There were several that I mentioned but the one I heavily emphasized is a book called The […]

There are a number of variables, factors, and principles that overlap between both Microeconomics and Macroeconomics: interest rates, wages, investment, taxation, among many others. Millions of students around the world […]

“My own thinking has changed drastically from 35 years ago when I was taught to favor tangible assets and to shun businesses whose value depended largely upon economic Goodwill.  This […]

We’ve demonstrated that companies that generate high ROIC are time and again the most valuable businesses and stocks to own. In addition, the persistent presence of excess returns points to […]

“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1” – Warren Buffet “Simplicity is the ultimate sophistication.” – Leonardo da Vinci The Price-to-Earnings Ratio is probably […]

“The three most important words in investing are margin of safety.” – Warren Buffett There’s been an alphabet soup of hypothesized recovery patterns over the last two months as the […]

The major U.S. stock indices just closed their worst first quarter in history. And yet it’s not hard to find plenty of optimism thanks to the rally seen last week […]

“So your advantage of scale can be an informational advantage. If I go to some remote place, I may see Wrigley chewing gum alongside Glotz’s chewing gum. Well, I know […]