What is Your Edge?

by John Huber | Dec 12, 2016 | Edge, Industry-Banks, Investment Philosophy, Saber Capital Management

A couple months ago I read an investment write-up on a large-cap stock that is one of the most widely followed and largest companies in the S&P 500. There was a comment that basically asked the following question: “What is your edge with this stock?” The...

Two Important Investment Principles

by John Huber | Nov 29, 2016 | Investment Philosophy, Portfolio Management

I was recently reading through some old investor interviews from the excellent Graham and Doddsville newsletter from Columbia Business School, and I came across an interview from Glenn Greenberg of Brave Warrior (formerly Chieftain Capital). A couple years ago I...

The Competitive Advantage of an Owner-Operator

by John Huber | Nov 1, 2016 | Case Studies, General Thoughts, Investment Philosophy

I gave a talk at an investing conference in Philadelphia last week where I discussed my overall approach to investment along with three broad categories where I think investors could focus to gain an edge (I’ll share the slides in a later post). I don’t attend many of...

Practicing a “Punch Card” Approach to Investing

by John Huber | Sep 26, 2016 | Investment Philosophy, Investment Quotes

John Hempton, who runs a hedge fund and writes the blog called Bronte Capital, wrote a really interesting post over the weekend on investment philosophy. He basically calls out the majority of the professional money management community for cloning Buffett in word,...

Two Key Checklist Items

by John Huber | Sep 13, 2016 | Investment Philosophy, Investment Quotes, Walter Schloss

I am not a big fan of going through specific “checklist” items one by one when evaluating an investment idea. I know this idea has gained enormous popularity in recent years, partly due to the good book The Checklist Manifesto, and partly popularized in value...

Reinvestment Moat Follow Up: Capital Light Compounders

by John Huber | Aug 1, 2016 | Education, Investment Philosophy

This post is the second guest post by my friend Connor Leonard, in what I hope to be a somewhat regular “column” here at BHI (by regular, I mean as often as Connor decides to put the proverbial pen to paper and share his insights with us). Based on the...