Friday, December 2, 2016

Dear Chairman

After a mid-year slump where I felt I wasn't getting enough from the books I was reading, I've been on a hot streak lately with some great ones. Dear Chairman is the latest book to get me fired up.

Tuesday, November 29, 2016

Losing the Signal

You've created a company that has taken the world by Storm®. You're the envy of the industry, having become a paper billionaire thanks to your founders shares. But then it all comes crashing down. A series of catastrophic events ensues, and at the end your product has become a laughing stock. Losing the Signal is the brilliant inside story of the spectacular rise and fall of Blackberry.

Friday, November 25, 2016

Bye-Bye, Beazer

Just 7 months ago, I brought up Beazer Homes as a potential value opportunity. This was a profitable home builder trading at an enormous discount to book value. While it's still a profitable home builder, the discount has eroded significantly.

Wednesday, November 23, 2016

Best Books of 2016

These weren't actually written in 2016 (most of them anyway), but rather I read them in 2016. I went through all the books I read this year, and have ranked them below, as holiday gift ideas for you!

Parenting With Love and Logic

Your adult child is an irresponsible brat; such is the nightmare of many parents. What can one do to prevent this? The authors of the Bill-Gates-recommended Parenting With Love And Logic have some suggestions.

Thursday, November 17, 2016

Expectations Investing

You *could* try to estimate a company's growth rate and future margins in order to figure out what a company is worth. But in Expectations Investing, Michael Mauboussin and his co-author suggest reverse engineering the market's expectations instead.

Wednesday, November 9, 2016

FreightCar America

FreightCar America (RAIL) manufactures railcars. This is a highly cyclical industry, thanks to high fixed costs (manufacturing facilities) and fickle demand.

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