by Matt Brice | May 26, 2017 | Ideas
There is no sugar-coating Taro’s latest results. They weren’t great. Here are a few thoughts, some specific to Taro and some general. The first mistake people make when fooling themselves (remembering of course, that you are the easiest person to fool) is not to...
by Matt Brice | Feb 23, 2017 | Ideas
You can read our earlier discussions of Taro here and here. Taro reported their quarterly results a few weeks back. If I had to write three to five pages on their earnings results, I might tell a few stories to take up the first four pages. There just is not that...
by Matt Brice | Jan 16, 2017 | Ideas
“You don’t have to know a man’s exact weight to know that he’s fat.” – Ben Graham With this particular company, it is certainly tough to know exactly how much it is worth, but I have enough confidence to know that it is undervalued. We did, however, want to get a...
by Matt Brice | Jan 6, 2017 | Ideas, Special Situations
Potentially the worst title ever (check). “I would have written a shorter letter, but I did not have the time.” Pascal Most people dismiss brief ideas out of hand. Charlie479 did a write up on VIC of NVR in 2001 that clocked in at 873 words. The return since then is...
