On what makes a great insurance company, Fairfax’s historical transformations, investment slump, underwriting tailwind, hard vs soft markets, culture, incentives, run rate profits, and price-to-book.
My name is Oliver Sung. I hunt and write about cheap stocks and how to make rational decisions.
Read some of my research.
Or some of my articles.
Or dive into my three guides on mental models, decision making, and moats.
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On what makes a great insurance company, Fairfax’s historical transformations, investment slump, underwriting tailwind, hard vs soft markets, culture, incentives, run rate profits, and price-to-book.
On the elevator oligopoly, the golden service market, economics of density, working capital benefits, innovation, China, and smart elevators.
On Adobe’s history, SaaS transition, creative monopoly, increased competition, Figma acquisition, and valuation.
On public tenders, company culture, European IT consulting markets, scale advantages, managing people, and M&A integration issues.
The way to think about business returns is as the cost of growth.
…and how to identify it in its most durable form.
Deep research is important but so is studying the entire spectrum of stocks.
Apply B.F. Skinner’s work to market behavior and yourself.
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