As passengers on a journey we have little control over, it matters who the driver is. "Who am I backing here" becomes an investor's most important ques…
Hard part of investing isn't finding an approach that works, but sticking to it over many years. To do so, "does this work for me" matters more than "d…
Why I never discuss individual businesses, especially ones that we own.
A complex issue, better viewed in a holistic than in a mechanistic manner. This (long) essay covers how a business owner, not renter, thinks about and …
Everything buggy and messy about our world rhymes. Kinda.
A Friday silly short note on investing thoughts that have never occurred to me
How to ignore all-pervasive noise? Whom to learn from? My answer: stick to those who make it to Mount Rushmore of their respective domains.
My last covid-related essay. And a note of caution on the charlatans who populate this field.
Valuation technique is a tool, a means to an end. If objective is sound decision, not elegant method, principles behind DCF are more valuable than mech…
Even seemingly reasonable analyses can exaggerate excess deaths by over 100%
On what's good about investing. And a rant about what's bad about some parts of social science.
When others' interests are out of sync with yours, be wary of their views.