by John Huber | Nov 11, 2020 | Investment Journal
One of Saber’s limited partners manages a mutual fund, and he recently told me his mistakes often come when he picks stocks of lower quality or more complex companies that look cheap, instead of paying a higher price for a great business. He calls this being “too...
by John Huber | Aug 14, 2019 | Ideas
It's common sense that if you are lending money to someone for a decade, you are naturally going to want a higher interest rate than if you lend to someone who promises to pay you back in a few months. However, on certain occasions a strange phenomenon occurs: lenders...
by John Huber | Jul 2, 2019 | Ideas
Last week, the Federal Reserve published the results of their annual Comprehensive Capital Analysis and Review (CCAR). The CCAR and its cousin, the Dodd-Frank Act stress tests, are a big portion of the regulatory framework that the Fed uses to supervise the big banks...
by John Huber | Jan 17, 2019 | Ideas
Matt made a comment in a recent post regarding Verisign’s simplicity. Not just the simplicity with its business model (and it is one of the simplest businesses I’ve ever studied), but also the simplicity of the investment itself. In other words, owning Verisign is a...
by John Huber | Jul 6, 2018 | Ideas, Investment Theory
For the first time since the correction in the stock market in February, I am getting interested in a few investment ideas. A few of the ideas are in unexciting companies (unexciting in the sense that they are well-known and have been discussed plenty of times before…...
