A Long-Term Investor Wants The Share Price To Trade Around Intrinsic Value
Let’s assume you buy Disney at 100 and one year later it trades at 130. A 30% return in one year, isn’t that great! Not
Continue readingUnilever: A “Safe” (?) Dividend Stock (analysis)
Introduction and summary: This article is a very brief analysis of Unilever. The company has proven to be adaptable in many different economic climates and
Continue readingWhat I Have Learnt During The Covid-19 Crisis
Now is a good time to start a diary Now is a good time to start a diary. It doesn’t have to be long. But
Continue readingAbbott Laboratories: Tailwind From Healthcare Spending And Emerging Markets
I have been a shareholder in Abbott Laboratories (ABT) since the acquisition of St. Jude in 2016. I believe this is a very good
Continue readingBenjamin Graham’s The Intelligent Investor: The Best Quotes
I believe it’s important to read, but at the same time being careful what to read. Quality is much better than quantity, and reading twice,
Continue readingEstimated Future Returns
As of writing most stock markets around the globe are down around 30%. That is a big decline, especially considering it happened in just three
Continue readingJohnson & Johnson: Boring, Slow Growing And Stable (Recession Proof)
Governments have currently implemented draconian measures to stop the coronavirus, leading to a wide global sell-off on the stock exchanges. Market drops are often a
Continue readingSome Timeless Wisdom From Seneca
Lucius Annaeus Seneca, better known as Seneca, was born in Cordoba, Roman Spain, in 4 BC and died in 65 AD. He grew up in
Continue readingWhy It Makes More Sense For Exxon To Buy Back Shares Instead Of Paying A Dividend
Last week I wrote an article about how you can create your own “dividend” by selling shares. Many investors have an irrational dividend bias: Benjamin
Continue readingFragile vs. Antifragile Investing (What Is Antifragile Investing – An Antifragile Portfolio)
Nassim Nicholas Taleb invented the word antifragile in his book with the same name when he was looking for the opposite of fragile. Antifragile is
Continue readingChr. Hansen Holding AS: Wide Moat, But Management Has No Skin In The Game
This article contains some brief notes on Chr. Hansen Holding AS, the famous Danish enzymes, food/nutrition and natural colors company. The article is just a
Continue readingWhy Capital Gains Are Better Than Dividends (Sell Shares To Get Income)
A lot of investors swear to invest only in dividend stocks to get “income”. While I agree a dividend can serve as a useful heuristic
Continue readingCredit Acceptance Corp: Excellent Operators And Allocators – Great Compounder (Analysis And Summary)
Credit Acceptance Corp has proven to be disciplined loan underwriters, a prerequisite for good long-term performance. Has a clear and rational strategy for allocating capital.
Continue readingComcast: A Recession “Proof” Compounder
Introduction and summary: Comcast (ticker code: CMCSA) is the world’s second-biggest telecom company and headquartered in Philadelphia, USA. The company was founded by Ralph Roberts
Continue readingWhy Family Business Stocks Are Better – Why They Outperform (Owner-Operated Businesses Have Skin In The Game)
Why do family businesses outperform? Family-owned businesses outperform the main stock indices. They outperform because they have skin in the game, attract better shareholders, have
Continue readingConstellation Software – Takeaways From Mark Leonard’s Shareholder Letters
This article contains a brief description of Constellation Software, some thoughts on its competitive advantages and excerpts from Mark Leonard’s excellent shareholder letters. The excerpts
Continue readingThe Perils of Selling Short
I signed my first client and proceeded to short my first stock. It almost proved to be my last. Over the next few weeks, I
Continue readingTaxes And Compounding (How Taxes Affect Your Compounding Interest)
To shelter your savings from taxation while building your nest egg is extremely important. I believe this is pretty obvious for most investors, but I
Continue readingShould You Choose A Scalable Or Non-Scalable Profession/Career?
In this article, we look at the meaning of scalable and non-scalable professions and careers – scalable vs. non-scalable. What you chose might have a
Continue readingThe Management Myth – Debunking Modern Business Philosophy
I guess most readers of my website have read books by management gurus like Jim Collins and Tom Peters, and many more have probably studied
Continue readingInvestment Quotes By Warren Buffett
I believe Buffet’s annual letters are an invaluable source of investment knowledge and advice. I recently reread all of them, in addition to rereading Lawrence
Continue readingQuotes From Annie Dukes’s Thinking In Bets
I like to take notes when I read (see my notes on the pic to the left, excuse my eight-year-old handwriting). I believe notes are
Continue readingStocks, Investing, Real Estate, Charlie Munger And Inverse Thinking
Charlie Munger likes to think inversely. Inverse thinking simply means focusing on the things you don’t want to happen. Munger didn’t invent this concept, but
Continue readingShould You Trade Or Invest?
Which is more profitable – trading or investing? Who makes more money – traders or investors? The short answer is that you can get rich quickly
Continue readingMy Favorite Quotes from Atul Gawande’s The Checklist Manifesto
Some weeks ago I published an article about what investors and traders can learn from Atul Gawande’s The Checklist Manifesto. I like to take notes
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