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Saved By Facebook’s Lack of A Dividend
Earlier this year, I didn’t pay Facebook much mind. With only one unique exception, I have never had much of an interest in staking real money on business models that rely upon digital advertisements...
View ArticleWisdom From Warren Buffett, Charlie Munger, and Steve Jobs
If you have an hour or two to kill today or sometime this weekend, these three Youtube clips should give you the chance to spend your free time learning from the best. (1) The first video is a Warren...
View ArticleWhy Visa Stock Perpetually Outperforms
Barnett Helzberg Jr., whose family sold the eponymously named Helzberg Diamonds to become part of Warren Buffett’s collection of subsidiaries at Berkshire Hathaway, said that the hardest part of...
View ArticleAdobe Stock And The Trust Factor
Like many else in the financial media, I spend my fair share of time thinking about the future of technology companies. From an investment perspective, it is not so much the excitement of tech-related...
View ArticleJealousy, Envy, and Greed Are Great Tools For Destroying Wealth
Over the past year, Best Buy has returned 59.24%. Citigroup has returned 78.92%. Netflix has returned 332%. That’s real money. If you put $100,000 into Netflix this time last year, you’d have $332,000...
View ArticleHow To Master The Art of Investing
For those of you familiar with Malcolm Gladwell’s research in the book Outliers, you may have heard that it takes 10,000 hours of practice/effort/research to demonstrate extreme proficiency in an...
View ArticleWhat If You Buy Coca-Cola, Exxon-Mobil, and Johnson & Johnson Every Year?
For a thought experiment, I wanted to look at the results of what would happen if an investor went through life by adopting this strategy: during the first trading week of January each year, he bought...
View ArticleWendy’s Is Destroying Itself To Repurchase Shares
If you’ve been following Wendy’s stock over the past few years, you may have noticed that the stock price has quadrupled in value from $4 in 2009 to $16 today while earnings have tripled over that same...
View ArticleThree Quotes From Seth Klarman On The Financial Crisis
I was just reading through Seth Klarman’s 2010 letter to his investors at The Baupost Group and I wanted to share with you three quotes that caught my attention enough to reflect upon: (1)Things that...
View ArticleWhy You Do Not Need A Professional Money Manager
A couple weeks ago, the Wall Street Journal published an article that explained why the gap between professional and amateur-ish players is narrowing: the proliferation of information about every...
View ArticleGeneral Electric’s Dividend Cut Possibility
If I come up with an intelligent investment idea, the ultimate value of the the idea hinges upon my ability to actually put up funds and make an investment in the business that I believe will deliver...
View ArticleThe Best Dividend Investing Tip
One of the statistics that I often think about, and have mentioned with some frequency on this site, is the fact that the average equity investor compounded his wealth at 3.49% annually from 1990...
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What Walt Disney Understood About Comparative Advantage
One of the interesting things to analyze from an aerial view is the difference between how strategies are taught in the classroom and how they are executed in reality by those with real world...
View ArticleKimberly-Clark Stock Is Finally Fairly Priced
There are about a dozen large-cap publicly traded businesses that I have wanted to cover in depth, but have perpetually declined to do so because I wanted to wait for an opportunity for the stock price...
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Why You Do Not Want To Win On The Game Show “The Price Is Right”
Benjamin Graham’s famous question that all investors should ask themselves before making any purchase decision (On what terms, and at what price?) even applies to the game show “The Price Is Right” as...
View ArticleTwo Things You Could Have Done In 1989 To Become A Johnson & Johnson...
If you wanted to accumulate $1,000,000 worth of Johnson & Johnson stock over the past twenty-four years, there are two straightforward ways that you could have accomplished it: some variation of...
View ArticleThe Best Investors Spend Their Lives Asking Why, Why, Why
I just finished reading this thread on The Bogleheads Forum (a popular place where index investors hang out and philosophize about personal finance):...
View ArticleCoca-Cola Stock: Those Reinvested Dividends
Recently, people are starting to re-awaken to the fact that Coca-Cola is a business that earns 28.2% net profit margins, controls 3.5% of the entire world’s liquid supply, has the most vast...
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Beware Stock Dilution When Long-Term Investing
When you invest in a business, it can be overlooked that you need to draw a distinction between the per share results of a business and the results of the business itself. It is not enough to say that,...
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Investing In Starbucks Stock Instead of Buying Starbucks Coffee
You know what can be an incredible competitive advantage? Not engaging in a particular expenditure that your peers do. Given how cheap and incredibly easy it is to make your own coffee, I do not...
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