GameStop – Hard Reality Ahead

I’ve been following the retailer GameStop (GME) on and off for a couple years now. It’s trading at $4.80 a share with a market cap of $490m. The stock has been in free fall for a couple years now.  It did stabilize for a bit last year when they [...]


Keeping Your Dividend Edge

Before I get to the book I want to share a little story. Something positive actually happened on Twitter. It turns out that Twitter doesn’t have to be carnage pit filled with trolls. There’s a nice guy on it and his name is Todd Wenning (@ToddWenning). Q1 hedge fund letters, [...]


Jeff Bezos Explains Why Amazon Makes No Profit

In this 9 minutes video, Jeff Bezos is brilliant in his response to the question “Why Amazon Makes No Profit ?” In the video JBezos explains his business(es), shares great insights, and throws in a couple in Buffett and Graham quotes. Q1 hedge fund letters, conference, scoops etc Image source: YouTube [...]


78 Pages Of 2019 Berkshire Hathaway Shareholder Meeting Notes

Here’s 78 pages of notes from the 2019 Berkshire Hathaway Shareholder Meeting last weekend. Q1 hedge fund letters, conference, scoops etc 2019 Berkshire Hathaway Shareholder Meeting Notes When you hear all the talk about — the political talk — about the banks, they had not cost the federal government a penny. There [...]


Fairfax India And Economic Transformation In Southeast Asia

Below are some of my favorite slides from the Fairfax India presentation. Q1 hedge fund letters, conference, scoops etc Below is the Bangalore airport. Fairfax India owns 54% of the private airport. The following picture is not from the Fairfax presentation but capture the same idea: Article by Brian Langis


Fairfax AGM And YYX Toronto Value Symposium

This post is a little overdue. Better later than never I guess. With the Berkshire Hathaway AGM this weekend, I told myself to get this post done. Q1 hedge fund letters, conference, scoops etc Three weeks ago I was in Toronto for the Fairfax Financial AGM (FFH), the Fairfax Africa AGM [...]


Charlie Munger Google Talk?

I just recently found out that Charlie Munger was interviewed by Ruth Porat, CFO Alphabet Inc. I found a set of notes from this blog: The notes are from 2016. Despite the weird formatting, it looks legit and it’s Charlie in the picture. However I can’t find any [...]


The Oaktree Capital And Brookfield Marriage

I had the pleasure to be back on The Intelligent Investing Podcast with Eric Schleien to discuss the Brookfield-Oaktree transaction. Below are some notes on the transaction. Q4 hedge fund letters, conference, scoops etc Bruce Flatt from Brookfield Asset Management and Howard Marks from Oaktree Capital Management are getting tie up. Two [...]


Star Stockpickers

We have a fascination with stockpickers. Big name stockpickers like Peter Lynch or Carl Icahn, comes to mind. Star stockpickers are glamourized because investors think they have the magic wand to make fast and easy money. They know the secret to the next big name that will make them [...]


Fyre Festival Scam

Me and my wife watched the Fyre Festival documentary on Netflix. We only watched it under recommendation of my brother because the trailer wasn’t appealing to us (kids partying on the beach with Ja Rule…pass). My brother’s track-record of recommendation is rock solid, so we gave it a shot. [...]


What’s Wrong, Warren?

Below is the article published on Warren Buffett on December 27, 1999. The dot-com bubble of the late 90s was a wild time for the stock market. People quit their jobs and became millionaires day-trading tech stocks. Buffett didn’t want anything to do with the high-flying stocks. Chimps were having [...]


Is The Market Smoking Weed?

It only takes one counter example to disprove a mathematical theorem.  The same is true in finance.  This makes counter examples particularly useful for investors.  In previous posts, I discussed Bitcoin as a possible counter example to the efficient market hypothesis view that the market price always reflects fundamental [...]


Durable Principles For Real Asset Investing

I got my hand on a copy of the presentation Bruce Flatt from Brookfield Asset Management (BAM) did at Google. Here’s the video of the Google Talk presentation. [REITs] Q2 hedge fund letters, conference, scoops etc Here’s the Talks at Google – Brookfield Presentation – Aug2018 and below are my favorite slides. [...]


Apple’s Financials: The Way To $1 Trillion

Yesterday Apple announced new iPhone models that will be bigger, will be better, faster, stronger, and—of course—more expensive. Over the summer Apple (AAPL) passed the $1 trillion in market cap value milestone. Amazon (AMZN) followed not too long after. Today one share of Apple cost $224, up 32% just [...]


Seth Klarman Investment Wisdom

Since this related tweet from earlier todau is very popular we embedded it belo   The text reads as follows: A rare LEGAL kindle copy of Seth Klarman's Margin of Safety is now FREE on Amazon  H/T @77cyko Below are the updated links to Seth Klarman’s investment wisdom. You can find the [...]

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