Investment Journal
Librarians and Auto Parts Retailers
John wrote about O'Reilly (ORLY) a few months back and I just wanted to write down my thoughts from a more general and less financial perspective. Primarily, I would like to use my thoughts on ORLY to highlight a key skill all investors should keep in mind. "If past...
A Special Type of Kiwi
The difference between an amateur photographer and a professional is that you only see the best images of the later, but the former displays a lot of not so flawless images on his path to understanding what he needs to do better. John and I wanted to create this...
China Preview and Some Thoughts on Moats
Over the past year, I've been steadily doing a lot of reading about China in general, and a few companies there specifically. China is a fascinating country to read about, with some real issues looming on one hand but some real long-term tailwinds on the other. Chanos...
Creativity and Value Investing
One foot hurdles are the best investments. John texted me Thursday night asking which team I thought I would win the NBA Finals. Since I am on mountain standard time, my kids don’t usually go to bed until these games are almost over. I replied to his text as my kids...
Foot Locker: The Outlook Five Years Hence
"But before he left, he taught me two things. Never, ever invest in the present. It doesn't matter what a company is earning, or what they have earned. He taught me that you have to visualize the situation 18 months from now." ...
To Sell or Not To Sell?
This will be a somewhat meandering post on some notes of mine regarding the concept of selling, as well as some brief comments on AutoNation and Verisign (the latter is a current holding). I’ve talked about stocks in category 1 vs category 2. What do I mean by this?...