This morning, with another strong day for the fund in the offing, I was reflecting on the recent volatility and thought I’d share these...

I’m going to try something new here by writing a diary-like entry in real-time money management. (Please excuse any typos). Maybe this is...

"Insurance policies... are the most complex contract that you'll ever enter into without the help of a lawyer." - Hyatt Brown, Chairman...

“The first rule of compounding: Never interrupt it unnecessarily.” - Charlie Munger I love this Munger quote. (h/t to @LiviamCapital). I...

All the concern over inflation reminded me of the late Barton Biggs, the long-time strategist at Morgan Stanley. He used to write about...

“There are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some...

The people at Shepherd.com asked me to create a favorite book list on their site. Shepherd aims to create "an experience that is like...

In today’s post, I’m going to share a few short thoughts on different subjects: 1. My call with investors - the inflation scare and other...

Companies have lifespans. And they seem to be shortening. In my book 100 Baggers, I included a couple of tables to show this. Here they...

I get a number of emails about 100-baggers and I have noticed patterns, or recurring themes, to these questions. I’ll answer several of...

I’m finally reading Marshall McLuhan’s Understanding Media: The Extensions of Man, a book I have had my shelves for just over two years....

Happy Friday! I have a few things I’ve been sitting on, but rather than develop each idea more fully, I’ve decided to publish them all at...

There are a variety of recipes for making a 100 bagger, but the most reliable uses just two ingredients like a kind of financial martini:...

I like old things -- old books, old buildings and old golf courses. Age gives them a depth of character and a certain quality that comes...

Who are the best investors of all time? You probably thought of Warren Buffett or Peter Lynch or John Templeton or other renowned money...

Some sage once said there were bull market lessons and there were bear market lessons. In a bull market, you learn that everything you...

“In winter we lead a more inward life. Our hearts are warm and cheery, like cottages under drifts, whose windows and doors are half...

I’ve written four books so far. For each, there has been stuff left on the cutting room floor, as they say in film. What happens is, you...

So, what’s a quality shareholder and why does it matter? A quality shareholder (or QS) is one who buys large stakes (relative to their...

"There is no better teacher than history in determining the future … There are answers worth billions of dollars in a $30 history book."...