November 14, 2023
Mastering the Art of Risk Management: Four Essential Hedging and Shorting Strategies
At least as much as investors like making money in the stock market, they dislike losing money, and therefore many of us seek ways to hedge. We want …
October 31, 2023
The Definitive List of What Investing Is Like
Investing is, apparently, like a lot of very different things. Here is a not-even-exhaustive list of the things to which investing has been …
October 12, 2023
The Risks No One Is Talking About
This image, from the Nintendo video game “Super Mario Brothers,” went viral on X/Twitter a few years back:
August 18, 2023
The Contradiction at the Core of the Stock Market
There is a contradiction at the core of the stock market that makes investing at once simple and endlessly vexing:
July 05, 2019
The Portfolio Management Marathon
Type “investing is a marathon, not a sprint” into Google’s search bar, and you’ll get about 743,000 results.
December 18, 2018
The Short Story on Our Shorts
We strive to own a portfolio of leading companies that will grow in value the more we let them alone—even as we, of course, watch our businesses …
December 18, 2018
The Long and Short of our Stocks
Every investment manager will tell you that they buy exceptional companies that have competitive advantages. Even we say it. But without additional …