Articles
What to Expect After the Silicon Valley Bank Collapse
The Silicon Valley Bank collapse may be an extreme event, but it gives us a preview at a 100x magnification of what other banks are facing.
The Stock Market, The Economy, Possible Outcomes, How to Invest
This is part one of the winter seasonal letter I wrote to IMA clients, sharing my thoughts about the economy and the market. I tried something I’ve never done before. Instead of conveying my message through storytelling, I tried to compress my thoughts into short sentences…
Hidden costs of living in Switzerland
After a recent trip to India, the contrast with Switzerland was stark. But there are hidden costs of living in Switzerland as well.
Why we’re confident in our Charter investment
The CHTR decline may have kicked us in the face, but our extensive research is telling we’re not wrong about our Charter investment. Here’s why:
The Real Country of Contrasts: Our Unforgettable Trip to India
My daughter Hannah and I went to a trip to India. We visited a small part of this large country, the most populous in the world.
Stock Market Roller Coaster: Prepare for a Decade or Two of Disappointing Returns!
Investors who own index funds have likely strapped themselves into a giant stock market roller coaster which, to this point, has only gone up.
Why we’re not celebrating the vindication of our investing principles
Value investors have had a miserable time over the past years. Now that our investing principles are finally being vindicated, you’d expect us to gloat. But Herr Schadenfreude is not a friend of ours.
How Greed and Leverage Destroyed the Crypto Tulip Market
Crypto currency was touted as antidote to central banking. But with its own flaws, is the system itself to blame for this crypto market crash?
Why non-transitory recession is coming and how to face it as an investor
Recessions are like forest fires – small ones are healthy for the forest. However, the longer you suppress fire, the more dead material the forest accumulates. Eventually, when it does pay a visit, it is more devastating and its effects are more long-lasting.The recession that is coming could be a big fire.
Curmudgeon on Cryptocurrency
I share a story about when four separate people asked me about "investing" in cryptocurrencies, as well as my thoughts on Bitcoin and other crypto-assets.
Are housing prices about to drop? A value investor’s take
Inflation is on the rise in the US. So are the interest rates. So what about the housing market? Are we going to see housing prices decline? Read below to find out.
Random Thoughts on the Russian War in Ukraine (Hint: It’s Not Going Well for Russia)
The following is a loose collection of random thoughts and observations on the Russian invasion of Ukraine. Rather than a coherent article, I offer some insights that have emerged as the war has dragged on.
IMA is not for everyone. I’m fine with that!
How great alignment with clients creates the perfect recipe for long-term compounding. (And I get to drive my kids to school.)
A Value Investor’s Analysis of Student Loan Forgiveness
Individual impact aside, Biden’s student loan forgiveness will also affect the US currency and economy. Here’s how we see it as value investors.
Why we bought more Uber shares as the stock fell
Despite being a very controversial choice, we believe Uber stock is still a great investment and have bought more on its way down. Here’s why.
Why Value Investing Requires Thoughtful Arrogance
You need arrogance as a value investor, but it can also be your downfall. So how do you master the psychological side of value investing?
The trip to Europe that wasn’t about Europe
As I am looking back at this trip, it was really not about Europe, the lakes, the ice cream that we had every evening, or the museums. The best experiences were the conversations we shared while we strolled the streets or had over dinner.
How Stoicism Can Help You Have Soul in the Game
In my interview with “What is Stoicism”, I discuss how stoicism can help us improve our personal and professional lives.
Charter Communications (CHTR) Stock: Heads we win, tails we don’t lose
Charter Communications (CHTR) is a significantly undervalued stock today. But are competition, 5G, and satellite internet significant threats to its business? How does its management compare to AT&T and Verizon? Read our analysis below.
Inspiring Stories & Hard-Won Life Lessons: Introducing My New Book
My newest book, Soul in the Game, is now live and available for purchase. It has nothing to do with investing, but has everything to do with something far more important: living a meaningful life.
Putin: The Mask is Off. Europe is Next.
When Putin started the war, he tried to shift the blame to NATO, calling it the instigator. He argued that Russia had no choice but to defensively launch the war to prevent NATO from surrounding Russia from all sides. A few days ago, Putin finally lifted his veil of pretense: this is a war of conquest.
