Jean-Marie Eveillard’s Investment Strategy and Roller Coaster Performance
Jean-Marie Eveillard was Morningstar’s International Stock Fund Manager of the Year in 2001. He grew Assets Under Management (AUM) to $100 billion with his flagship First Eagle Global Fund. His track record as a money manager has been incredible. But it hasn’t always been easy for Eveillard. In fact, after beating the market for 18 […]
A Deep Dive into the Inner Workings of Compounding Machines: Understanding Their Competitive Advantage
A Deep Dive into the Inner Workings of Compounding Machines: Understanding Their Competitive Advantage As an investor, you always seek ways to maximize your returns and grow your wealth. One of the most powerful tools at your disposal is the concept of compounding. Compounding is earning interest on your initial investment and any interest earned […]
Graham and Doddsville: A Group of the Greatest Investors of All Time
Updated 6/24/2023 “While they differ greatly in style, these investors are, mentally, always buying the business, not the stock. A few of them sometimes buy whole businesses; far more often, they buy small pieces of the business.” Warren Buffett, Superinvestors of Graham and Doddsville In May 1984, Buffett laid out everything you need to know […]
Understanding Nonrecourse Debt And Its Benefits: Case Studies in Action
The real estate investing world utilizes debt to help finance growth. Nonrecourse debt is one of the types of debt popular in the commercial real estate space. Many use it to help stimulate their growth while also protecting their downside. Nonrecourse debt protects borrowers by limiting the liability to its collateral. One shining example […]
8 Takeaways from All of Howard Marks’s Letters from 2022
This month, I took the time to read all 8 of Howard Marks’s letters to investors (memos) and summarize them for the average investor. Hopefully you find these lessons to be instructive, and that they make you a better investor. I also highly recommend reading these memos yourself—we’ve included the links at the end of […]
Irrational Exuberance: A Book Review
Updated 6/24/2023 Irrational exuberance refers to extreme behavior enthusiasm, often compared to the stock market and investor behavior. Typically, it means investors are excited and driving up stock prices regardless of the fundamentals supporting those increases. Irrational exuberance is the perfect analogy to illustrate the market reaction to the current Covid-19 pandemic, with many companies’ […]
VOO vs VTI: The Best ETF for You in 2023
ETFs are a fantastic method of investing, especially for beginners. Let’s compare two of the most popular: VOO vs VTI.
From Textiles to Tycoons: The Story of Berkshire Hathaway
Berkshire Hathaway is one of the world’s most renowned and successful companies, and its story is nothing short of legendary. Founded in 1839 as a textile manufacturer, the company struggled for years until Warren Buffett took over in 1965 and transformed it into a holding company with a portfolio of successful businesses. Over the decades, […]
Barriers to Entry: Avoiding Low Profit & Competitive Industries
One of the first concepts learned in business strategy classes is often barriers to entry. Barriers to entry is the term used to describe the factors which would deter new competitors from entering a market. Barriers to entry can be natural or human-made obstacles which make it difficult for a new entrant to compete with […]
Bruce Sherman’s Investment Strategy That Helped Him Beat the Market
From 1991 – 1995, Bruce Sherman achieved what some consider the holy grail of investing. Sherman beat the S&P 500 without taking on more volatility with the portfolio for Private Capital Management. Private Capital Management was ranked by Money Manager Review as the #1 value manager on a risk-adjusted basis over this 5-year period. The […]
