Tuesday, December 26, 2017

Hibbett Sports

Three months ago, Hibbett Sports' valuation was downright silly, as I opined here. I still think it's undervalued, but it's within a range in which I can't put a ton of confidence in that assessment. As such, I've taken my money off the table.

Friday, December 22, 2017

The Attention Merchants

I was so impressed by Tim Wu's The Master Switch: The Rise and Fall of Information Empires that I decided to give another of his books, The Attention Merchants, a read. It provided a terrific history of advertising: where it came from, how it has evolved, and how technology now gives it unfettered access to our brains.

Thursday, December 14, 2017

The Acquirer's Multiple

Any book by Tobias Carlisle goes to the top of my reading list, as I find the content about which he writes is usually extremely relevant to how I try to invest. For me, the main idea behind this line of thinking is to identify market anomalies (e.g. stocks with lower multiples outperform) and then play in that space, so as to benefit from a statistical advantage. Carlisle has done a lot of work identifying and discussing perhaps the most useful anomaly today, the outperformance of low EV/EBIT multiples, or a variant of what he calls The Acquirer's Multiple.

Tuesday, December 5, 2017

The Subtle Art of Not Giving a F*ck

Former pick-up artist (PUA) and PUA coach Mark Manson offers some counter-intuitive approaches to living a good life in The Subtle Art of Not Giving a F*ck. The book is well-written, funny and full of wisdom.

Friday, December 1, 2017

All The Tomorrows

The action starts right away in All the Tomorrows as a woman suspiciously follows her husband in order to discover his secret. That secret would change her life.

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