09 Jan 2026
9 minutes read
Why Good Management and R&D Matter - Phil Fisher Real World Examples
In engineering, we have a saying: good architecture survives bad code, but no amount of good code survives bad …
Case study
26 Dec 2025
9 minutes read
Boring Stocks That Print Money - Service Corp, La Quinta, and Lynch Lessons
A company that buries people. A budget motel chain nobody heard of. A telephone monopoly forced to break apart. A …
19 Dec 2025
9 minutes read
Lynch Stock Picks - Hanes, the Limited, and Finding Winners in Everyday Life
Your wife comes home from grocery store with pantyhose in a plastic egg. Your teenager drags you to some clothing shop …
05 Dec 2025
10 minutes read
More Klarman Bargains - Liquidations, Holding Companies, and Hidden Assets
Some of the best investments are not elegant. They are messy. They involve complicated merger terms, hodgepodge asset …
28 Nov 2025
10 minutes read
Klarman Distressed Investing - HBJ Publishing, Bank Failures, and Savings Banks
When a company files for bankruptcy, most investors run. When a bank announces catastrophic losses, portfolio managers …
14 Nov 2025
8 minutes read
Merger Securities and Special Situations - Greenblatt Advanced Plays
When a company gets acquired, shareholders usually get cash. Simple. But sometimes they get a strange basket of …
07 Nov 2025
9 minutes read
Greenblatt Spin-Off Plays - Host Marriott, Strattec, and Hidden Value
When corporation splits itself in two, Wall Street panics. Institutions dump shares they do not understand. Index funds …
24 Oct 2025
9 minutes read
Graham Final Plays and His Lasting Legacy on Wall Street
Every company tells a story with its financial statements. Problem is, some companies are better at fiction than others. …
17 Oct 2025
7 minutes read
More Graham Bargains - International Flavors, McGraw-Edison, and Cheap Stocks
When you line two companies up side by side, truth becomes hard to ignore. One looks expensive. The other looks cheap. …
10 Oct 2025
9 minutes read
Graham Conservative Portfolio - American Home Products and H&R Block
There is a trick that experienced engineers use when evaluating two competing technologies. You do not look at each one …
03 Oct 2025
9 minutes read
Graham Defensive Picks - REITs and Air Products at Discount
One of the most useful exercises in investing is putting two similar companies next to each other and asking a simple …
12 Sep 2025
9 minutes read
Buffett Goes Shopping - BNSF Railway, Precision Castparts, and Kraft Heinz
When you manage tens of billions of dollars, you cannot buy small companies and move the needle anymore. You need …
05 Sep 2025
8 minutes read
Buffett and Washington Post - Buying Dollar Bills for 25 Cents
Look, imagine you walk into a store and see a crisp $100 bill on the shelf with a price tag of $25. You would buy every …
29 Aug 2025
9 minutes read
Buffett Cigar Butt Days - Sanborn Maps and American Express Plays
Look, everyone knows Warren Buffett as the guy who buys great companies and holds them forever. But early in his career, …