Returns, growth, and guidances
The way to think about business returns is as the cost of growth.
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.
Thoughts on Phil Fisher’s book.
Mental tripwires to your success in stock picking.
Marketers use it to trick you, negotiators use it to gain the upper hand, and investors fall prey to it.
Despite their simplicity, buybacks are poorly understood and vilified.
How to reduce the rate of error in important decisions.
Like mental models guide comprehension, principles guide behavior.
A strategy for flipping through those annual reports.
Two mental models that explain the nature of the stock market.
While commonly used in betting and finance, the Kelly criterion is poorly understood.
Learning accounting the right way.
Know the kind of game you’re playing before you start playing it.
…and how they’re not.
How to calculate compound interest in your head.
…and how to spot it with three mental models.
Sometimes it’s best to sit on your ass and enjoy the ride.
The ability to go deep in a world of distraction.
Thoughts on Ben Graham’s most famous book.
…and how to get it right.
This book about tennis is not just about tennis.
Keynes said that markets can stay irrational longer than you can stay solvent.
Heads I win, tails I don’t lose much!
Thoughts on Robert Hagstrom’s Buffett book.
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