Open and Shut: Why I’m Not Closing the Door on Opendoor
I’ve got a problem. I keep falling in love with low margin businesses. I’m not quite in love with Opendoor, but I am curious about it. Let’s talk it through. What’s an Opendoor? Opendoor is ...
Bitcoin: Religious Zealots Make For Easy Trades
Bitcoin is a different form of money. Instead of being controlled by the government, it is controlled by a combination of the internet, networks and math. Normally the government can print as much money as ...
The Parable of Growth
Growth is the holy grail for businesses. In the moment, every business chases potential for growth. Not being ready to accommodate the growth is never acceptable. However, chasing growth too far can put you into ...
Mortgaging the Moat
Every now and then you hear a phrase that succinctly explains an idea that had been floating around in your head. One of my favorite examples is just keep buying, but a more recent one ...
Balancing Bull vs Bear
Sometimes I think too much. I drive my wife crazy by constantly changing my mind from day to day, but I can’t help it. I’ve got the same thoughts on the market, but rarely act ...
Serendipity: A Life Worth Living
Some words linger in your brain. For me, it’s serendipity. I don’t know why it does, but it lingers on the periphery of my mind. Serendipity Serendipity is making fortunate discoveries by accident. Serendipity is ...
Great to Good: Why Good Companies Can Be Bad Investments
Buy quality and hold. It sounds so simple and true. Unfortunately, buying good companies at the wrong price can be a terribly painful way to invest. Worse yet, great companies can deteriorate into good companies. ...
Volatility: A True Investor’s Dream
The true investor welcomes volatility … a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses. Warren Buffett It’s easy to think of volatility as a bad thing. The ...
A Risky Reminder to Myself
We are all tempted. Get rich quick sounds so nice. From 20% interest rates to shitty jpegs, get rich quick is everywhere. Getting rich sounds so nice. Losing all your money is way worse. Never ...
Why I’m Still Buying
The market has been imploding, yet I’m still buying. I’ve been buying. I’ll keep buying. Why? I believe timing the market is one of the hardest things to do in investing. Time causes chaos. Out ...