Lies and Deception October 1, 2022 Interacting with someone who lies is hazardous, whether in personal or business life. What can we learn about dealing with liars from 16th century philosopher Michel de Montaigne?
What I’ve Been Reading September 28, 2022 This post is a list of books that I read in the third quarter of 2022, most notably The Last Warrior, a biography of Andrew Marshall and The Deficit Myth by Stephanie Kelton.
Railroader: The Unfiltered Genius of Hunter Harrison September 20, 2022 The larger-than-life figure of Hunter Harrison is impossible to avoid for anyone who follows the railroad industry. Railroader is an interesting book about a fascinating man.
The Value of Hard Work September 13, 2022 Recent “quiet quitting” headlines mostly represent click-bait, but the decline in social mores regarding work ethic still have negative implications.
George Risk Industries September 8, 2022 A small manufacturer is massively overcapitalized but controlled by the founder's family. Shareholders are welcome to go along for the ride but may never see a catalyst.
Dempster Mill Manufacturing Company August 29, 2022 Dempster Mill Manufacturing Company, one of Warren Buffett’s early investments, was very profitable but profoundly influenced his approach to turnaround situations.
Berkshire Hathaway’s Distorted Quarterly Results August 7, 2022 Accounting rule changes introduced in 2018 have distorted the analytical value of Berkshire Hathaway's quarterly net income. Operating income is a more useful measure.
The Automobile Industry August 4, 2022 The United States has experienced a rapid acceleration of inflation recently. This article examines the automobile industry, a sector experiencing higher than average inflation.
The Value of Repetition July 27, 2022 Exposing ourselves to timeless principles is beneficial. But we should not be so rigid as to discount the possibility that the world has changed, and we must keep an open mind.
A Tale of Three Acquisitions July 22, 2022 Without a certain level of trust, our modern civilization would soon disintegrate into total chaos. This article takes a brief look at the role of trust in three acquisitions.
Overcoming Initial Resistance July 20, 2022 Even if you enjoy an activity once you are engaged in it, the first few steps can be uncomfortable. Fortunately, there are strategies that can help us get started.
Wealth Clarifies July 17, 2022 Not being in control of your time seems like a bad thing, but this lack of control provides people with a compelling narrative to avoid doing things that they would rather not do.
Selecting Companies to Research July 15, 2022 Timeframe arbitrage is arguably the last major source of potential advantage for individual investors. If this is true, how can individuals best structure their research process?
What I’ve Been Reading June 28, 2022 This post is a list of books that I read in the second quarter of 2022, most notably two classic titles by Fyodor Dostoevsky: Crime and Punishment and The Brothers Karamazov
Soul in the Game: The Art of a Meaningful Life June 20, 2022 Soul in the Game is a difficult book to categorize. Is it a memoir? A book on stoicism? A book on classical music? It is none of these things in isolation, but all of these things in combination.