Chris Mayer
How They Did It: Halma, Plc
Sometimes I think a company’s success starts very early in its history. It is either set on a good foundation, or it isn’t. I suspect a...
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Chris Mayer
Aug 26, 20207 min read
Compounding, Coffee Cans and More
I was on a recent podcast with Steve Symington [Link] and he brought up a question that many investors ask me. Before I get to the...
7,700 views
Chris Mayer
Aug 14, 20205 min read
Extinction & Survival
“Extinction is the rule. Survival is the exception.” - Carl Sagan There’s been a lot of talk about how the pandemic has accelerated many...
2,913 views
Chris Mayer
Aug 4, 20205 min read
Technopoly
“Our inventions are wont to be pretty toys, which distract our attention from serious things. They are but improved means to an...
4,246 views
Chris Mayer
Jul 16, 20209 min read
Pandemic Investing, Ideas to Consider
Yesterday, I was on a panel with the FT’s John Plender as part of a series of online workshops hosted by the Lorange Network. (Link)...
5,533 views
Chris Mayer
Jul 7, 20206 min read
The Alchemy of Stock Market Performance
What makes a stock go up? I mean, what makes it really go up. Not just for a few months or a year, but over a period of a decade or more?...
4,902 views
Chris Mayer
Jun 23, 20206 min read
Invisible Moats
The most basic recipe for a 100-bagger calls for a business with a high return on capital. Then you mix in a lot of years. Put that...
9,323 views
Chris Mayer
Jun 12, 20205 min read
On Music, Value and Guessing
“With the unknown, one is confronted with danger, discomfort and worry; the first instinct is to abolish these painful sensations. First...
2,620 views
Chris Mayer
Jun 2, 20206 min read
100x: Almost There
“A constellation is nothing more than an arbitrary grouping of stars.” - Carl Sagan The story goes that Alfred Korzybski once strolled...
7,181 views
Chris Mayer
May 20, 20209 min read
Position Updates + A Useful Idea
Below, I update a couple of positions: Exor and Howard Hughes. And further down below, I answer a question posed on Twitter: “What is one...
5,129 views
Chris Mayer
May 12, 20207 min read
Never Seen Anything Like It
"Fortune tests the spirit's mettle." - Seneca, Letter 13 For me, this has been a tough market. I entered the pandemic with a portfolio...
2,590 views
Chris Mayer
Apr 29, 20207 min read
Trade for Show, Hold for Dough
I’m a sucker for investing memoirs, letters and columns written by practitioners. Even when they are bad, they still offer something...
2,963 views
Chris Mayer
Apr 24, 20207 min read
Oil, Competition, Fallout & More
“It is only when you can stand alone with a fresh but unshaky hypothesis, for which there is as yet very little statistical confirmation,...
3,534 views
Chris Mayer
Apr 17, 20205 min read
Indexation And Its Discontents
Strange markets. And not just because of the virus, negative interest rates and the mind-boggling government stimulus. There is also...
2,789 views
Chris Mayer
Apr 9, 20206 min read
Three Questions to Think About Now
I held an online call with my investors yesterday in lieu of our planned annual meeting in Ireland. (The actual Woodlock House, from...
3,770 views
Chris Mayer
Mar 30, 20205 min read
Recommended Reading
I always try to carve out time for reading books. I probably go through one a week. Below, I share a couple of things I’ve read recently...
3,572 views
Chris Mayer
Mar 20, 20204 min read
Anything Happened
”Anything can happen, but it usually doesn’t.” — Robert Benchley It’s been a rough stretch. It feels sort of like the 2008 crisis, except...
3,456 views
Chris Mayer
Mar 11, 20205 min read
A Preview of What's Coming
“A falling stock market seems to clarify and stimulate thought. When it is rising, nobody cares to know why or how, but when it falls...
3,595 views
Chris Mayer
Feb 28, 20205 min read
Breathe
Wow, what a week… How you react to the coronavirus selloff seems a matter of style. If you don’t buy businesses with the idea that you...
3,141 views
Chris Mayer
Feb 17, 20206 min read
Epictetus, India and Patience
Below, we’ll take a look at a company trading at a discount to net asset value – yet which also presents a possible multi-bagger...
4,338 views
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