Tuesday, August 16, 2022

Down the HALL

Some of my best investments have happened when a temporary shock to earnings causes a company's stock price to get smoked, providing a good opportunity to buy. If leverage is low, the company usually has time to root out or mitigate the problem, and so the patient investor is rewarded for waiting for things to get back to normal.

Monday, August 15, 2022

Rayonier Advanced Is Far Too Cheap

For a market leader, Rayonier (NYSE:RYAM) trades at a surprisingly huge discount to tangible book value. While the share price closed at $5.36 on Friday, the company's tangible book value was $11.86 as per the company's latest quarterly report. Read more...

Friday, August 12, 2022

The Lincoln Highway

The author of A Gentleman in Moscow has written another terrific novel, this time set around 1950 in the USA: The Lincoln Highway

Thursday, August 4, 2022

Why We're Polarized

Author Ezra Klein spends the first half of Why We're Polarized making a good case that America's two parties have become more polarized. The main change happened in the 1960s. Whereas prior to this point, there was a lot of diversity of opinion on several issues across party lines, since then each party has become more fixed and more polar across a range of issues, and more worriedly, "identities".

Friday, July 22, 2022

Don't Trust Your Gut

We make a bunch of intuitive decisions throughout the course of our lives. We might make better decisions if we didn't only have to rely on our intuition. In Don't Trust Your Gut, author Seth Stephens delves into some massive data collections in order to provide some statistical base rates that can improve our decision-making.

Monday, July 18, 2022

The Omnivore's Dilemma

The farm we picture as the source of our food, with various animals frolicking and grazing around different crops, is no longer our actual source of food. Various market and non-market forces have pushed our farms into becoming something else. It is this something else that Michael Pollan discovers and reveals to us in the fantastic book The Omnivore's Dilemma

Friday, July 8, 2022

Karsan Value Funds: 2022 Q2 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.