Reflections on two years of writing, anchored around the two keywords that I carefully chose for the title: Buggy & Messy.
“Fund managers in the rear-view mirror are dumber and luckier than they appear”
Never did, never will. Prudent investors fuss about something other than value.
Voting machine or weighing machine? We mostly play former, but pretend it's latter. At extremes, this pretence can get especially dangerous.
A pointless rant on the latest iteration of absurdity
A new allegory, on the lines of Mr Market
My 5-part essay-series on my most important question, all in one place.
In my last essay on ownership constructs, I cover a special case. And make a few concluding remarks to summarize the 6000 words I've written on this…
In previous essay, I covered avoidable ownership constructs for an investor. This (4th) essay discusses how to think about exceptions within those…
Certain ownership constructs are inherently disadvantageous to minority shareholders. I my 3rd essay of this series, I cover all that is bad about them…
Second essay of series on my most important question. I cover my preferred investment construct here, before getting to less savoury ones in subsequent…
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…