Some of the Best Hedges Against Inflation?
We believe that Staples stocks’ ability to raise prices is a feature that may be highly valuable in the current environment. We don’t make macro forecasts but have written ...
Margin of Safety a Book by Seth Klarman
A Legendary Book with Timeless & Timely Lessons Introduction to an Investing Classic: “The truth is, I am pained by the disastrous investment results experienced by great numbers of ...
Cheap Stocks with Dividends & Buybacks
On Friday, our Charts for the Curious highlighted that companies trading below 10x earnings had become remarkably rare. As promised, this piece is designed to add force to just how ...
Consumer Staple Stocks: Investing for the Long Haul
Food & Beverages in an Age of Tech Euphoria This Quick Take is simple. We think the market is in the process of transferring wealth from the impatient to the ...
Inflation Investing
Geopolitics, Domestic Affairs and Investing in a Time of Uncertainty Introduction: A Break from Tradition This letter has an established tradition of bringing a highly specific and pointed approach to ...
Equity Returns & Equity Duration
Data Points Endorsing Our Case for Buying What You Need? We do not make macro forecasts. The evidence is overwhelming….they are difficult to make. We do know there is a ...
Growth Investors – Speculating or Investing?
The Combustible Mix of Low Quality & High Expectations Introduction: On Friday, our research team published a Charts For the Curious that triggered a good deal of feedback. The chart ...
Oil Producing Assets, Energy Investing & Forecasting
The Value of Hard Work and Humility After 25 years on a waiting list, my father’s family immigrated to the US from the shattered remnants of post WWII Europe. Arriving ...
Investing in Stock Bubbles, Bonds & Value Investing
A Bull Market in the Basics, Part II In our Quick Take from April 14, we demonstrated the value of staying calm when the markets are embracing madness. In that ...
Heretics Corner – Bitcoin an Environmental and Geopolitical Disaster
Some Bear Takes on Bitcoin One of our very accomplished and wise readers recently noted in a piece that “hostility towards bears” is one of the hallmarks of euphoria. ...
Warren Buffett’s Investment Strategy
A Bull Market in the Basics: Bonds & the Evidence for Value Investing Yes, Kailash has done vast amounts of research on the historical data and built powerful proprietary models ...
A Well-Engineered SPAC
Another Reason to Pursue High Quality Value Investing My father, a youthful 77-year-old, recently flattered me with some investment advice. Having recently received an email solicitation encouraging him to ...
