by John Huber | Jul 26, 2020 | Investment Journal
I've written a lot about returns on capital, especially the importance of the returns a company gets on incremental retained earnings. The "returns on incremental capital" are critical in determining the ability of a business to compound its value. I recently did a...
by John Huber | Jun 17, 2020 | Buffett Letter Series, Investment Journal
I did a podcast with Tobias Carlisle recently, and one of the things we mentioned was the Buffett meeting and Berkshire Hathaway in general. I had a few thoughts I wrote after the meeting last month. Since I've had a few people asking my views on the meeting, I...
by John Huber | May 30, 2020 | Investment Journal, Investment Theory
I’m re-reading Phil Fisher's book Common Stocks and Uncommon Profits this weekend. I haven't read the book since 2006 and I noticed it on my shelf and decided to revisit it. I've always liked his common sense approach to investing for the long-term. He talks about how...
by John Huber | May 7, 2020 | Ideas
I reviewed a number of "small tech" companies over the past week (Big Tech: FB, AMZN, GOOG, AAPL all reported earnings last week). I wrote some notes that touched on a couple of these small tech firms, but I as I read earnings report after earnings report from...
by John Huber | Apr 23, 2020 | Investment Journal, Investment Theory
Over the last five years I've heard a lot of value investors discussing how traditional "value stocks" haven't performed well for a long time. By value stocks, I mean the way they are traditionally defined (low price to book; low price to earnings, low EV/EBIT,...
