CAPITAL ALLOCATION
Thoughts

CAPITAL ALLOCATION

“If you buy something with a 10% free cash flow yield and hold it for 3 years, management is going to be responsible for allocating a third of the value of the company over that time. You have to really care about that” Adam Weiss In his 1987 letter to investors, Warren Buffet made the following […]

investment
Thoughts

Benjamin Graham and David Dodd, 1934

The “new-era” doctrine—that “good” stocks (or “blue chips”) were sound investments regardless of how high the price paid for them—was at the bottom only a means of rationalizing under the title of “investment” the well-nigh universal capitulation to the gambling fever. Please follow and like us:0

advice
Thoughts

Wolfgang Amadeus Mozart

There are lots of smart people. But there are few that can think about things that have never been thought about before. “It reminds me of the young guy who went up to Mozart and said, ‘I’d like to write symphonies.’ When Mozart said, ‘You’re too young,’ the young man replied, ‘But you were young […]

Commodities
Thoughts

Commodities

Commodities are a great investment during an inflationary period because increases in the price of raw materials reflect the rising costs of goods.  Jim Rogers Please follow and like us:0

Thinking
Thoughts

Henry Ford

A man who cannot think is not an educated man however many college degrees he may have acquired. Thinking is the hardest work anyone can do—which is probably the reason why we have so few thinkers. Please follow and like us:0

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