Investment Journal

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?...

Some Notes on AutoNation and the Car Dealerships

My wife continues to give me grief over the extremely mundane nature of my post titles. Meanwhile, Matt continues to avoid helping me improve (his titles are much more creative). I continue to find the titles adequately descriptive. So, as you know from the title, I...

Swiper no Swiping (Dora Fans Unite)

Value investors make lots of mistakes.  I have made lots of these specific “value investor” mistakes, sometimes the same mistakes multiple times.  Hopefully, knowing where we (I) often go wrong will help us not make those mistakes in the future.   “Unfortunately we...

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...

Taking on Kong (and His Brother)

“The stock market is a device for transferring money from the impatient to the patient.”  Buffett Doing research on a company that appears to be vastly more expensive than you would pay for it and then waiting might be one of the hardest things in investing.  Both...

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