The Wooden Nickel
1. Terry Smith and Quality Terry Smith is known as “Britain’s Buffett” (Figure 1 shows why the moniker exists) and his annual letter is always an illuminating read. This year’s letter is no exception for its discussion on his investment philosophy, particularly on why...The Wooden Nickel
Instead of a post that looks at one market/investing topic in-depth with commentary and analysis, we thought we’d try something different. Without a specific broad topic grabbing our attention this month, this post will provide a short blurb on a handful of unrelated...Bundling and Unbundling
In the mid 1990s Netscape Communications, one of the early darlings of the dot-com craze, embarked on a roadshow to meet with prospective investors prior to its IPO. In its last meeting, and already late to board the plane from London back to the States, management...Taxes, Royalties, and Idea Generation
“The best business is a royalty on the growth of others, requiring little capital itself.” – Warren Buffett “Simplicity is the ultimate sophistication.” – Leonardo da Vinci Leverage does wonders to a business, both on the way up and the way down. We see it reflected...Sign Up for Our Publications
