The initial September 22nd deadline for voting against the Nuveen North Carolina Municipal Income fund (ticker: NNC) has been extended. We stand resolute in our dissent on the proposed... Read More
Power Corrupts. PowerPoint Corrupts Absolutely. - Edward Tufte, Yale Professor Emeritus Q2 hedge fund letters, conference, scoops etc Data visualization sits at the intersection of science and art. Having all the... Read More
Big words sound smart. Q2 hedge fund letters, conference, scoops etc Kapa65 / Pixabay Said differently, intellectual competence is positively correlated with the complexity of one’s vocabulary. Readers assume that the more difficult... Read More
When I look back at some of our early letters, it’s possible that they could have been written by Dr. Fox. But over the years, I think I’ve gradually... Read More
We recently presented our investment thesis on KAR Auction Services (KAR) at ValueX Vail. Aside from a “leisurely hike” up the mountain at 10K feet after starving myself for... Read More
In case you missed it, now may be a good time to revisit, the value in boredom relative to the allurement of excitement. A few excerpts below from our mid-year... Read More
The first two are links to the articles that I mentioned to you specifically. They have had such an impact on me that I have scheduled reminders to read... Read More
Our Deconstructing Quality series explores the three categories Burgundy assesses in our search for worthwhile companies. Part I looked into the business characteristics that help define a quality business.... Read More
I attended my first BOTOX party this year. While I resisted the urge to join in the festivities, I believe the upside from that experience will be far more rewarding... Read More
We don’t avoid risk. Avoiding risk also means avoiding returns. Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop,... Read More
Our final group of graphic sins looks at what can occur when the design dominates the data. These are special effects gone wild. Back in my early science days... Read More
