Wednesday, October 18, 2017

NAHL Group

People call National Accident Helpline after an accident because they have consumer brand appeal. NAHL Group (LSE: NAH) answers the call and diverts it to a lawyer that can help. They used to make money off referral fees, but in 2014 regulatory changes stopped that. Now they make money from subscription fees from law firms to whom they send clients, but again regulatory changes are causing them to have to shift models.

Thursday, October 12, 2017

Things Fall Apart

You're just living your life as you do, as did your parents before you and their parents before them. But some new people make contact...people who look so different and yet also seem human. In Things Fall Apart, Achebe tells a story of how things may have gone following European landings near villages in Africa hundreds of years ago.

Friday, October 6, 2017

Karsan Value Funds: 2017 Q3 Results

Karsan Value Funds (KVF) is a value-oriented fund, as described here. Due to securities regulations, the fund is not open to the public at this time. Should that change in the future, there will be an announcement on this site.

Thursday, September 28, 2017

Alliance Aviates Well

Just seven months ago, I opined on Alliance Aviation as a potential value play. Today the price sits more than 50% higher. I can't explain the dramatic price rise. The price was just plain silly back then, and serves as a reminder of just how weak the Efficient Market Hypothesis really is.

Tuesday, September 19, 2017

American Kingpin

American Kingpin: The Epic Hunt for the Criminal Mastermind Behind the Silk Road should have been a boring book: A naive, nerdy guy starts a website that sells illegal goods, and the authorities seek him out and put him in jail. But it was one of the best books I've read in a long time.

Friday, September 8, 2017

Gone With The Wind

I've known nothing about "America's second favourite book" Gone with the Wind for most of my life, other than that it was some sort of chick lit. Now having read the book, I can attest that it is indeed chick lit, but it's also so much more.

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