Welcome to My Blog
Here is a basic blog layout with a right sidebarSaber Capital’s 2019 Annual Letter Highlights
Below is partial content from Saber Investment Fund’s 2019 annual letter. To join Saber’s distribution list, please use the signup form on this page. Marv Levy, my favorite all-time football coach often said “When it’s too tough for them, it’s just right for us!” The...
Warren Buffett 1997 Email Exchange on Microsoft
Jeff Raikes outlined why Microsoft was a great business in a 1997 email to Warren Buffett
Black Edge
I often get asked the question, “what is your edge”? The question comes up so often, and I feel like there is such a misunderstanding around what edge is and where it exists today that I continually feel compelled to write about it in these letters. Institutional...
The Risk of Outsourced Thinking
Eleven years ago this month, the financial crisis of 2008 accelerated into high gear. Two of my favorite books about the crisis are All the Devils Are Here by Bethany McLean and Joe Nocera and Too Big To Fail by Andrew Ross Sorkin. The former provides great historical...
Wells Fargo: Not All Boring Ideas Turn Out to Be Boring
This post is an expanded version of my comments on Wells Fargo from our recent mid-year letter to investors (please see here for the current letter; or to receive future updates from Saber Capital, please subscribe on the right of this page). I have spent a lot of...
A Discussion on Facebook
A couple weeks ago, I was on The Investors' Podcast with Stig Brodersen and Preston Pysh to talk about Facebook. We discussed Facebook's business model, the digital advertising industry, and the potential antitrust headwinds that the big tech companies are facing. I...