SUMMITWhen you are trying to find great businesses early, intelligent fanatics early, before it’s obvious in the financials, there are a lot of moving parts and imperfect information. These companies …
A Tribute to Chuck Allmon
“Ben Graham called me on the phone, as I recall in 1969, maybe 1970. He said, ‘I’ve got a copy of your Growth Stock Outlook and I’ve been very intrigued …
The Best Defense is a Quality Business
The luckiest part of my investing career is that I’ve been old enough (37) to have emotionally invested through two bear markets (1999-2001 and 2008-2009) but still young enough to …
Invest in Owner Management
I’m a full time private microcap investor. The smaller the company the greater the emphasis investors should place on selecting the right founders and CEO’s. I try to find and …
Investing is Hard
On June 30th 1997, Amazon.com (AMZN) was trading at a split adjusted $1.50 per share and was valued at $700 million. That day the stock traded 228,900 shares in a range …
A New Mental Model for Investing
One of my favorite investors is Nicholas Sleep of Nomad Investment Partners. He is famous in qualitative investment circles, but rather unknown to the rest of the investment world. He …
Changing Your Mind
Closed-minded people put up walls around them. They prohibit new ideas and people from getting in. By doing so they stop growing. The only way to grow and evolve personally or …
Disrupt Yourself and Grow
I often learn the most by speaking with or studying successful investors that have the complete opposite strategy from my own. There is no better way to find holes in …
It’s Not Batting Average that is Important, It’s Slugging Percentage
Each investor’s strategy is and likely should be different from the next person. It’s good to be different. I think too many focus on cloning others when it’s a mistake. …