Dust Bin Watch List

I have a Dust Bin watchlist.  It’s a hodgepodge of companies I have looked at and passed on for one reason or the other.  Mainly, I didn’t like the business model, the people running it or the competitive environment.  I maintain it because I want to see where I am...

The Sova Group Annual Letter

This is an excerpt from my “2016” letter. It will be done before I write the 2017 letter.   The Bible has 783,137 words vs. the Ten Commandments, which come in at a mere 297 words.  I would probably be better off trying to live the 297 words instead of trying to...

Special Situationitis

There is a disease in the value investing community.  It can be deadly to your investment returns.  We have identified Patient Zero, however, there is no known vaccine and given the recent crackdown on pharmaceutical prices, we do not think a suitable one will be...

Hamilton is Non-Stop

Even though we started at the very same time Alexander Hamilton began to climb How to account for his rise to the top? Man, the man is Non-stop My daughter’s favorite Broadway play is Hamilton, but with prices around $600 per ticket (that’s not a typo), the soundtrack...