Friday, January 30, 2015

Zero-Sum Games

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While sports is not a subject that's covered much on this blog, I'll use the upcoming Super Bowl -- with consideration for the amoun...
Friday, January 23, 2015

Forecasting Folly

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"There are two kinds of forecasters: those who don't know, and those who don't know they don't know." - John Kenneth G...
Friday, January 16, 2015

High Returns on Capital vs High Returns on Incremental Capital

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The importance of high returns on capital has been   covered a   number of   times in   prior posts  over the years.* Well, it's not j...
Friday, January 9, 2015

Charlie Munger on Focus Investing

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Charlie Munger once said : "Our standard prescription for the know-nothing investor with a long-term time horizon is a no-load index ...
Friday, January 2, 2015

Quotes of 2014 - Part II

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Some additional quotes from 2014 as a follow up to this recent  post . Quotes of 2014 In the quote below, Buffett explains why liquidity...
Friday, December 26, 2014

Quotes of 2014

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A collection of quotes said or written at some point during this calendar year. In a review  of the book:  Fortune Tellers , James Grant o...
Friday, December 19, 2014

Should Buffett Buy Uber?

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A recent Fortune  article  made the case for something that at first glance seems rather unlikely. In it, Dan Primack argues that Warren Buf...
Friday, December 12, 2014

Wide Moat Businesses at the Right Price

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For equity investors, it's not enough that a business currently possesses real competitive advantages if those advantages can't be...