by Matt Brice | Aug 27, 2018 | Ideas, Investment Theory
Facebook's one day drop on July 27th was impressive. It marked the largest ever loss of equity value for a U.S. listed company. However, to achieve such a feat requires a large market cap before such a day, quite an impressive feat on its own. This feat was only...
by Matt Brice | Jun 22, 2018 | Investment Journal, Investment Theory
Bad Blood is a great book. It's a fast read, it's interesting and you should read it. I want to only discuss one aspect of investing with regards to my takeaways from this book. In November of 2006, Theranos raised money at a valuation of $165m. Approximately 8...
by Matt Brice | Jun 15, 2018 | Investment Journal, Investment Theory
“I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do.”— Charlie Munger “We all are learning, modifying, or destroying ideas all the time. Rapid destruction of your ideas when the time is right is one of...
by Matt Brice | May 18, 2018 | Investment Theory
Imagine you are an airplane inspector for the FAA. You job is to certify the flight-worthiness of a plane. You check the planes annually and certify that they are flight-worthy until the next inspection. This particular day you happen to be flying in the plane you...
by Matt Brice | May 11, 2018 | Investment Theory
When Buffett first started out, he had a true information advantage. Other investors just didn't know that Sanborn Map had an investment portfolio worth more than the entire market valuation of the company. This was an incredible opportunity and he took advantage of...
