Education
High Conviction
High concentration doesn't mean sizing big in the beginning. It means letting winning positions get big in the end.
Mar 4, 2026 · 6 min read min
Education
Winning and Losing
When you realize it’s a toss of a coin whether you make money on a stock, and that’s the average of the best investors in the world. Then it hits you what matters most is how you react when you are winning and losing.
Jan 28, 2026 · 6 min read min
Education
Proven Survivors
When a management team handles themselves with honor and distinction in the worst of times, it allows you to trust them with the best of times.
Jan 14, 2026 · 4 min read min
Education
Quality - The Most Overused Term in Investing
Quality is extremely difficult to find in small public companies
Dec 18, 2025 · 5 min read min
Education
The Psychological Burden of Concentration
You must accept that your best ideas will feel uncomfortable
Dec 9, 2025 · 3 min read min
Education
Stock Prices
Most investors definition of a quality business or quality management has nothing to do with quality - it’s simply the stock you own that is up the most in the last 12-months.
Nov 26, 2025 · 2 min read min
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