Incremental Insights #10

Ted Weschler Case study

This case study delves into the remarkable investment career of Ted Weschler, who transformed $70,000 into $131 million over 22 years with a 41% annual return by focusing on publicly traded securities within an IRA.

Lifecycle of Market Champions

Among these champions, on the way to the top, you tend to see a first-mover advantage in a high secular growth industry benefiting from rapid innovation, with the ability to stay there influenced by a strong competitive moat that slows the rate of erosion of market share over time. The erosion of either of these two drivers is usually responsible for the eventual demise of a champion, as new, faster-growing companies take its place on the backbone of faster, industry-level secular sales growth and intra-industry market share gains.

The Psychology of Investing #1: Conquering the Investor’s Worst Enemy

Anne Scheiber vs Eike Batista. How behavior trumps intelligence in investing.

If Books Could Kill: Rich Dad, Poor Dad (Podcast)

Who doesn’t like a podcast breaking down Rich Dad, Poor Dad, Robert Kiyosaki, and his entire get-rich-quick grift. A good amount of swearing so don't listen with kids in the car.

William De Gale - Technology Sector

A technology company is a company that sells technology, and that's one of five things. It's basically hardware, software, semiconductors, it services or networking equipment. And that last one could be part of hardware. It depends on your definition. And if you sell anything other than those five categories, you're not a technology company. You're basically using technology to do something else in generally a new and exciting way.

Incremental Insights #22

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.

Why Chris Hohn & TCI Own GE Aerospace

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

Incremental Insights #21

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

From MTV to Mammograms: Unexpected Lessons in Risk Management

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