When Moore Isn’t Enough: Part I
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, here, and here). Perhaps no industry better serves as the...It’s the Capital Allocation, Stupid
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 Outsiders by William Thorndike. It’s by no means a hidden gem (Buffett listed it as his #1 book in...Where Corporate Profits Come From: Deficits and COVID-19
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 will explore these ideas and drivers as they...Value and Renewal
“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 bias caused me to make many important business mistakes of omission”...Sign Up for Our Publications
