by John Huber | May 23, 2016 | Investment Philosophy
I’ve talked a lot about the importance of the concept of return on invested capital (ROIC), and how it is a key driver of value in a business. Feel free to go back and read some of those posts here. In this particular post, the discussion is continued. This post...
by John Huber | May 16, 2016 | General Thoughts, Industry-Oil
I read an article last week by Scott Fearon, who wrote the excellent book Dead Companies Walking (a good book about shorting stocks, which can benefit investors even if they don’t short stocks). The article basically posed a hypothetical question on whether Apple was...
by John Huber | May 9, 2016 | General Thoughts, Investment Philosophy, Investment Quotes, Superinvestors, Warren Buffett
I spent some time traveling in the car last week. Whenever I am driving by myself, I always listen to something—usually related to business or investing. I keep a long list of videos of interviews or talks that I can pick from whenever I am in the car. On this...
by John Huber | Apr 19, 2016 | Case Studies
“The boom is drawn out and accelerates gradually; the bust is sudden and often catastrophic.” – George Soros, Alchemy of Finance There was a very interesting article in the Wall Street Journal a few days ago on the story of “the swift rise and calamitous fall”...
by John Huber | Apr 7, 2016 | Case Studies, Shareholder Letters & Reports, Think Differently
I just got done reading Jeff Bezos’ annual letter to shareholders, which is outstanding as it always it. As I finished it, I spent a few minutes thinking about it. He references Amazon’s style of “portfolio management”. He doesn’t call it that of course, but this...
