Case Studies
Importance of Knowing Your Investment Boundaries (Sears Mini-Case Study)
Quick administrative note: I plan to post this write-up to the free blog later in the week, but I thought I'd also post this here for members as well. Matt and I plan to post around two posts each week (or somewhere around 8-9 posts each month) to this BHI Members...
Costco: A Lesson in Owner-Operator Thinking
Buffett: “We get excited enough to commit a big percentage of [capital] to equities only when we find (1) businesses we can understand, (2) with favorable long-term prospects, (3) operated by honest and competent people, and (4) priced very attractively. We usually...
Snapshot of a Great Business vs. a Net-Net
I published a preface to this old post with some thoughts on the concept of investing in bargains/special situations vs. compounders (businesses that produce high returns on capital and can grow intrinsic value over time). If you want, you can read those comments...
Hibbett Sports Scratch Notes
Hibbett Sports (HIBB) is a sporting goods retailer. It competes in small-town markets in the South and Midwest, and has carved out a nice niche that has led to consistent profitability despite the competitive threats that continue to gain strength in the retail...