Get smarter about valuing businesses in just a few minutes each week.

Get the weekly email that makes understanding intrinsic value
easy and enjoyable, for free.

Big, Little Guys

April 4, 2024 | David — small-caps — isn’t a monolith. Sure, in aggregate, they’re underperforming their S&P 500 peers, but a few winners are claiming greater sway over the market-cap weighted Russell 2000 index for small-cap stocks.

Yuan Problem

April 3, 2024 | Let’s talk currencies. It’s one of those corners in financial markets that are surprisingly forgettable despite forex’s massive importance — the global currency exchange market is actually considered the biggest and most liquid financial market.

Debt Danger

April 2, 2024 | Folks, we may have a debt problem. Bloomberg Economics ran a million forecast simulations on the U.S. debt outlook — 88% of which show borrowing on an unsustainable path, which poses economic, national security, and social challenges if not addressed.

The Toolbelt Generation

April 1, 2024 | At first glance this morning over coffee, we thought it was a scam: Gen Z being dubbed “The Toolbelt Generation” by The Wall Street Journal. After all, it is April Fool’s Day.

Falling Giants

March 31, 2024 | In business, innovation is the cornerstone of success, a beacon guiding companies through the bumpy currents of progress. Yet, deep in corporate history lie cautionary tales of giants who failed to heed this imperative call to innovate.

Circle The Wagons

March 30, 2024 | Off we go with Mohnish Pabrai’s 2023 presentation at the University of Nebraska, cool charts, and more in 2 minutes to read.

Thinking Fast and Slow

March 28, 2024 | Rest in peace to an economics icon: Dr. Daniel Kahneman, the Nobel Prize winner who wrote Thinking Fast and Slow and upended economics, died this week at 90.

David Vs Goliath

March 27, 2024 | Sometimes, David doesn’t beat Goliath. Actually, it’s been several years straight since David beat Goliath. That is, David being “small-cap stocks” and Goliath being large-caps (think the Magnificent 7 and the S&P 500 generally.)

Alleged Collusion

March 26, 2024 | Having a fancy credit card may cost you. That’s one takeaway from a Visa and Mastercard agreement, allowing merchants to “adjust prices based on the costs associated with accepting different credit cards.”

Previous 17 18 19 202122 23 24 25 Next

The Basic Advantage

October 21, 2024 | The Wall Street Journal’s Jason Zweig argues that being a disciplined, independent investor has never been harder. We think he has a point. Benjamin Graham wrote, “The investor’s chief problem—and even his worst enemy—is likely to be himself.”

Buffett’s Rules

October 20, 2024 | Berkshire Hathaway CEO Warren Buffett, widely seen as the greatest stock picker, has core investment philosophies worth revisiting over and over. Here are some of his principles, illustrated with specific examples and quotes.