It’s a blog.
It’s educational.
It’s hopefully entertaining.
It’s not investment advice.
I write about how to think about investing for value.
Stadium Seating
What do stadium restrooms tell us about investing? How did the move to indoor plumbing highlight opportunity? Finding investing chances in a digital paper chain.
The Smart Investor
What makes an investment smart? What makes another intelligent? Can an investment be both? A field guide for figuring it out.
A Tail of Two Companies
Is it the best of times? Is it the worst of times? How Dickens might look at analyzing a cash-registers-to-calling-cards venture.
Dirty Money
What’s your role? Do economists have a sense of humor? An empirical analysis. Advice for what to do when you see money lying around.
Cookies & Cream
What happens to ice cream sandwiches when your baker turns off the ovens? What do ice cream sandwiches have to do with digital advertising? A framework for evaluating companies in transition.
A Cart Full of Bread
What’s better than a barter system? Are ways to pay for things getting simpler or more complex? Ways to think about financial plumbing.
I’ve Got Terrible News
Why is the news always bad? If the news is only bad, how do you know what news you should pay attention to? An umbrella for the rain. How to figure out what matters for an investment.
Craps at a Poker Table
What happens when things goes off-script? How do you think about a new investing environment? What happens when things change? How not to play poker.
Mise en Place
Want to start a bank? What do you need? What happens when a bowl of Dum Dums doesn’t cut it for customer service any more? How to cook with convenience.
Rube Ex Machina
How do you tell if an investment is working? What about a whole portfolio of investments? How to set up a scorecard to figure this out.
Just Do It
Do you call into sports talk radio? Do you struggle to finish DIY projects? Are they a disaster when you do finish? How not to be an arm-chair investor.
Tangled Legs
What do baby giraffes tell us about investing? Snapping less defeat from the jaws of more defeat. Some things went wrong.
Trifecta
What do horse races tell us about biotech stocks?
The Time Machine
Have you ever wanted to time travel? How to build a time machine. A primer.
Bundle of Joy
How do businesses make money? What does alligator reproduction have to do with M&A? Why do companies merge anyway? How you can use genetic scramble to frame an investment in merging companies.
Negative Space
How do you run a business from Space? If its not profitable, is it valuable? How to deliver value working remote.
Shell Game
What happens when rules change and investors don’t notice? What happens when investors screw up? How to take advantage of indifference and mistakes to find good opportunities.
Two Guys Walk Into a Bar
How low can expectations go? Kicking the tires on opportunities where investors have no expectations.
Pompidou en Houston
Does the game you’re playing line up with the game your investments are playing?
Arcade Fire
What are you playing at? Investors face a choice many never see: what game you play when making investments. Choosing the right one improves your odds of success.