Cash! Is Warren Buffett bracing for a market downturn? Berkshire Hathaway's cash reserves have swelled to over $300 billion, sparking widespread speculation. However, this massive cash pile might not be purely bearish positioning. Instead, it's likely a consequence of Buffett's extraordinarily successful Apple investment.
Chris Hohn runs the multi-billion dollar hedge fund The Children's Investment Fund (TCI). As of 2022, the fund generated annualized returns of over 18%. In 2023, TCI's return soared to 32.7%. TCI achieves these impressive returns by focusing on a select few great businesses with
The Ten Best Companies in the World From Visa's global dominance to Hermès' luxury legacy, the 10 powerhouse companies reshaping the business landscape and what makes them the 10 best global companies. Pricing Power Everywhere Companies with pricing power have significantly outperformed the broad market over long
In 2020, former MTV VJ Ananda Lewis announced that she had stage 3 breast cancer. She discovered the tumor during a self-examination not through a regularly scheduled mammogram. She revealed after her diagnosis that she had actively avoided mammograms, despite having a family history of breast cancer. Her reason? She
Brambles - Some Thoughts Wooden pallets a high returning business? But can the company overcome its questionable history of capital allocation, stay focused on its core business, and improve its asset productivity? Why Quality Stocks Perform So Well Why do high-profitability 'quality stocks' outperform their less profitable counterparts?
With its flagship products QuickBooks and TurboTax, Intuit hasn't merely captured market share—it has revolutionized how businesses and individuals manage their finances. What truly sets Intuit apart isn't just its current dominance, but its ability to build and maintain a formidable economic moat that keeps
Human Error Is Predictable Are humans predictably irrational? New research suggests factor investing exploits systematic errors in forecasting. How expectation biases drive asset prices, explain factor returns, and challenge rational expectations theory. Intercontinental Exchange: Powering Global Trade Intercontinental Exchange (ICE) has evolved from an energy trading startup to a $100
Few companies have become as central to our daily lives as Alphabet, the parent company of Google. Founded in 1998 by two Stanford Ph.D. students, Larry Page and Sergey Brin, Google began as a simple search engine. Their goal was to organize the world's information, and they
Return on Mental Capital How maximizing your ROMC (Return on Mental Capital) can improve your investment research and decision-making process. Avoiding information overload so you can focus on what truly matters. Contrarians Everywhere, Contrarians Nowhere Why being a contrarian investor is so challenging. The psychological hurdles faced by fund managers
Why is Ted Williams the only baseball hitter to surpass the .400 mark? Ted Williams was an elite hitter, but he also played during an era when the dispersion of talent was far greater than it is today. This environment allowed for extreme performance outliers like his. During Ted'
The Likeliest Outcomes from the Google Antitrust Trial Is Google's search dominance finally cracking? A federal judge ruled against the tech giant, and now the DOJ is proposing remedies that could reshape the internet landscape. From potential breakups to data sharing, the outcomes of this antitrust trial could
Apple's success is built on a foundation of unparalleled ecosystem integration, cutting-edge chip design, and a premium strategy that keeps both users and developers hooked. The iOS Ecosystem: A Web of Sticky Tendrils At the heart of Apple's competitive advantage lies its iOS ecosystem. This intricate