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November 15, 2019

Getting Comfortable with the Uncomfortable; Tweedy, Browne Q3 Letter; Market Timing – Why it’s in our too-hard basket; How Lots of Small M&A Deals Add Up to Big Value; “Meet the Buffett Bot”; “Knocking Down Walls at Goldman Sachs”; FedEx Interview; “It’s ‘Time to Sin’”

November 8, 2019

Horizon Kinetics Q3 Letter; Litman Gregory Investment Commentary; Mysterious; The Evolution of the CFO; “The Not-Com Bubble Is Popping”; “Driving Change at Uber”; “Pure Downside, No Silver Lining”; “Will Walmart’s Health Care Gamble Pay Off?”

October 18, 2019

Shades of 2000; How to Invest in Technology as Regulators Defang Giants; The Pros and Cons of Activist Investors; The Future of Plastic Packaging; Responsible Investing: The ESG-Efficient Frontier; Rajiv Jain Interview; “Look for Unexpected Opportunities”; “I’m a Terrible Person”

October 11, 2019

Orbis International Quarterly Commentary; What is Quality?; Why Value Investing Works – In a Single Chart; 3G Capital Presentation; “March of the Machines”; “WeWork Lessons”; “Ownership in the Age of the Public Corporation”; “Bob Iger Remembers Steve Jobs”

September 24, 2019

What’s the Long-Term Oil Outlook?; Energy Misconceptions; Can the ‘Supercharged’ Consumer Save Retail?; Demystifying Deal Making; “It’s China’s World”; “Three Years of Misery Inside Google”; “Inside the New Frontier of Fund Manager Research”; “The Anatomy of the Coming Recession”

September 17, 2019

Elliott Management Letter to AT&T Board; Bigger’s Been Better; Valuation Matters; Chris Davis on Financials; “Do It or We’ll End Up in the Dumpster”; “Dysfunction Cost Cornell $700 Million”; “The Rise of the Virtual Restaurant”; “Superman, the Oracle, and the Value of a Long View”

September 10, 2019

Risk and Premium: A Tale of Value; Pershing Square on Berkshire Hathaway; Arm Yourself To Get Hammered; Evaluating Portfolios in Unsettling Times; “100 Fastest-Growing Companies”; “Plenty to Worry About, but Not Much to Do”; “WeWork’s IPO Is Causing Major Stress for Its Biggest Investor”; “The Difference Between Winning and Succeeding” 

August 15, 2019

Why the Future is Asian; FAANGS: The Sun Has Set On their Days of Dominance; Early Detection for the Win; Tweedy, Browne Q2 Letter; Greenlight Capital Q2 Letter; “Is David Swensen Horrible for Investing?”; “Cloud Gaming is Big Tech’s New Street Fight”; “A Hedge Fund Ex-Con Finds It’s Hard Coming Home”

August 9, 2019

Horizon Kinetics Q2 Letter; Peak Car; Why Big Pharma’s Era of Big Profits May Be Expiring; On the Other Hand; The Trade War in the Context of Broader Themes; “How Netflix Can Earn Its Valuation – Or Blow It”; Prem Watsa on India; “What Types of Asset Managers Will Survive in 10 Years?”

July 18, 2019

Bubble, Bubble, Toil and Trouble; The End of the Beginning or the Beginning of the End?; Alphabet and the DOJ;  Are There Still Winners in a Maturing Real Estate Cycle?; Airlines: Suffering From Shiny Object Syndrome; David Abrams Interview; David Rubenstein Interview with Bill Gates; “The Fastest Richest Texan Ever”

July 11, 2019

Bubbles Pop, Downturns Stop; Healthcare Stocks: Invest in Business, not Science; Where’s the Greenium?; Stop Worrying About Your Portfolio; “Advanced Analytics in Asset Management: Beyond the Buzz”; “The Coddling of the American Investor”; “The VC Who’s Seen It All Before”; “How Elite NBA Athletes Handle Pressure”

July 3, 2019

Time for cheap quality, not cheap junk;  This Time It’s Different; Internet Trends 2019; A Stunning Short; Tim Cook’s Stanford Commencement Address;  “How Aldi is Upending America's Supermarkets”; “GE’s Larry Culp Faces Ultimate CEO Test”; Bloomberg Interview with Nassim Taleb

June 13, 2019

Capital: Can Companies Have Too Much of a Good Thing?; How the “Humanization” of Pets Has Created a Booming Industry; A Short Call Report; Will India Embrace Tough Economic Reforms?; “Invest in Idea Meritocracy”; “How Warby Parker Got Its Start”; “Poker-Playing Hedge Fund Managers Have an Edge”; Motley Fool Interview with Sean Stannard-Stockton

June 7, 2019

Globalization’s Next Chapter; Cook & Bynum Quarterly Letter; The Appeal of the Anti-Predictable; Why Subscription Revenue is Lifting the Enterprise Software Industry; Spring 2019 Graham & Doddsville; “On Bulls@#$”; “Demystifying the Venture Capital Funding Process”; “Bill Gates and Warren Buffett Pick Up a Shift at Dairy Queen”

May 23, 2019

Bruised by 1000 Cuts; Bill Nygren Market Commentary; Is a Leverage Reckoning Coming?; The Shift from Active to Passive Investing: Potential Risks to Financial Stability?; "Inside Google's Civil War"; "The Fund Giant With a Crazy Idea About Investing"; "How to Modernize an Established Brand to Drive Growth"; "How Good Science Can Weed Out Bad Managers"

May 15, 2019

Horizon Kinetics Q1 Commentary; The Promise and Pitfalls of 5G: Will it Kill Cable?; The Emerging Market Fallacy; The Future of Underwriting in Commercial P&C Insurance; "Preparing For and Managing Through a Downturn"; Jeff Ubben CNBC Interview; Bruce Flatt Bloomberg Interview; "The New CEO's Dilemma" 

May 8, 2019

But What If The Cycle Turns?; A Flea and Tick Infested Investment; Addicted to Oil?; How and Why to Invest in a Climate Change Strategy; Can the Gold Industry Return to the Golden Age?; "I'm having more fun than any 88-year-old in the world"; Prem Watsa Interview; "How to Build a Successful Team"

April 23, 2019

The Legacy Threat; Advantages of a Global Mindset; Transforming How We Work; Why Do Individual Investors Disregard Accounting Information?; "Fifteen Months of Fresh Hell Inside Facebook"; "How Netflix Expanded to 190 Countries"; "Be Your Portfolio's Designated Driver"; "Whither the McMansion" 

April 16, 2019

The Little Book of Data; Price to Book: The King is Dead; Flying Below the Radar; The Impact of Millennials on the Consumer Discretionary Sector; "Capturing Value in a Merger"; "The World's Gone from Flat, to Fast, to Deep"; "Premortems: Being Smart at the Start"; "Using a Company's Own Words to Assess Its Risks"

April 10, 2019

Doomed to Repeat the Tech Bubble?; Pershing Square Capital Investor Update; The Future of Trade and Value Chains; Growing the Pie; Markel 2018 Annual Report; "Facebook's About-Face"; "The MBA Myth and the Cult of the CEO"; "Was the Stock-Market Boom Predictable?" 

March 19, 2019

Who is on the Other Side?;  The State of Fashion: 2019;  Cook & Bynum Investor Letter;  Activist-Impelled Divestitures and Shareholder;  Davis Financial Fund Annual Review;  "Did Gillette Miss the Mark with Its Toxic Masculinity Ad?";  "View From The Top: Phil Knight";  "A Lifetime of Systems Thinking"

March 11, 2019

Brookfield Asset Management Annual Letter;  Third Point Offshore Annual Letter;  Elevation Capital on Molson Coors;  Mobility's Second Great Inflection Point;  A Future for Value Investing;  "Bill Gates: How We'll Invent the Future";  "Uncertainty in the Global Economy";  "She Never Looks Back" 

February 21, 2019

Vulcan Value Partners Annual Letter;  Broad Run Investor Letter;  The New CFO Mandate;  "Investing Legend Charlie Munger on Investing";  "Only Two Things Matter for the Stock Market";  "Paul Volcker and Ray Dalio";  "Lessons Learned in His First 80 Years" 

February 13, 2019

Sequoia Fund Investor Letter;  GMO Q4 Letter;  Re-DOX of Stock Collapse?;  Lazy Prices;  How the Global Meat Market Gets Disrupted;  "JPMorgan Chase's Big Bet on Artificial Intelligence";  Jack Dorsey Rolling Stone Interview;  "The New Hedge Fund Manager Flies Economy"

February 7, 2019

Political Reality Meets Economic Reality; Gator Financial Investor Letter; A better way to anticipate downturns; Horizon Kinetics Q4 Letter; Where Are the Value Funds?; "Growing Faster than the Market"; "Hollywood's New Odd Couple"; "Morality and Money Management"

January 28, 2019

Challenging the Conventional Wisdom on Active Management;  U.S. Consumers Poised to Drive Demand in 2019;  A Perspective on U.S. Retail;  Selling Fast and Buying Slow;  "Investing in Decisions";  "The New Great Game in Asset Management";  "The Most Powerful Person in Silicon Valley"; "Is Waiting a Lost Art" 

January 22, 2019

Buy the Cyclicals, the Unpopular, and the Neglected;  The Old Normal;  What Can We Expect in China in 2019?;  Larry Fink's 2019 Letter to CEOs;  Tweedy, Browne Interview;  "Vanguard's $2.2 Trillion Man";  "On Bubbles, Reflexivity, and Narrative Economics";  "Brian Moynihan Is Wall Street's Most Unlikely Star"

January 7, 2019

The Ten Surprises of 2019; Potential Pitholes of 2019; Ten Trends Shaping Fintech; The Solution to Today's Equity Conundrum; The Challenges of Diversity Investing; "Less is Not Better"; "The Investor That Tripped on GE & P&G"; "'Canada's Warren Buffett' Drives His Own Pickup Truck"; "Leadership in the Storm"