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.
Sneaker Trade
Why are shoes priced differently different places on the internet? Why does it matter where things sold? How to evaluate an opportunity when a company moves its listing from one place to another.
The Bogeyman
What happens when the Bogeyman takes your cookies away. What are investors afraid of? What’s the right thing to be afraid of anyway? How to put a box around risk to measure it and evaluate an opportunity.
Captive Audience
What happens when companies try humor? What kind of espresso drink makes the best investment? How management’s signaling impacts an investment.
Well Mixed
Do cocktails and investing mix? What does a balanced drink tell us about the semiconductor business? How to evaluate a subtle, well-balanced memory company.
Special Edition
Do all investors value things the same? What’s so special about “special situations” anyway? How to find investments when ownership changes hands.
Tagalongs
Do Girl Scout cookie booths make a good investment? What do Girl Scouts and banks have in common? How to look for opportunities in companies brining in shareholders for the first time.
Buffalo Bill’s Civilized West Show
What happens when a company competes with hustlers, grifters, sharks, conmen and bandits too? Can it win? How to carve a niche by avoiding all of this.
Roadmap
How damaging is distracted investing? What happens when your financial tools lead down that road? How fostering good investing habits can keep you on the right path.
Cashcade
Profits: where do they come from? Where do they go? How to evaluate whether a company is doing a good job at shareholders or not.
Reading Tea Leaves
What does the future hold for your investment? Does management always say “the future is prosperous?” How to assess the quality of your fortune telling.
Empty Spaces
Do companies make money in space? Are there different prices for stocks in orbit and ones on Earth? How to find investments in the space between prices for one company’s stock.
Subtraction by Addition
Does merger math work different from what you learned in school? What are your options when you put 2 and 2 together and end up with less than you began? How to find opportunity in deal rubble.
What’s in the box
When shareholders revolt, should management listen? Are all shareholder returns created equal? How to find value in flailing industries.
One Size Fits All
How does shopping for clothes compare to picking investments? What do wear and tear tell us about how attractive a company might be? How to compare the relative merits of companies in a lively M&A market.
2024: What Did You Expect?
What happens if you give your kids that pony they wanted as a present? What happens if you give them the pony, but they wanted even more. How to navigate market expectations for 2024.
2024: The Game Show
What’s behind door number 2? What do game shows have to do with investing anyway? How to find the right investing game for you.
Pie by the Slice Redux
Do pixels mix with pizza? What do parking tickets tell us about digital payments? How helping customers helps your stockholders.
Week Theory
If you don’t yell in a forest and everyone is around to listen, what happens then? How much can an investor get done in a week? How to think about time and investing.
Not So Fast
Does everyone drive an EV? What happens when bankruptcy makes a company more complicated? How think about opportunity at the fork between expectations and reality.
Pie by the Slice
Why does Costco sell pizza for $1.99? How can a company reduce its costs with different size slices? What does any of this have to do with payments processing? How lessons from Costco and Amazon fit into financial plumbing.