The following letter was sent to email subscribers of the Junto newsletter on March 12, 2021.
In a world of distraction, the ability to go deep brings a huge competitive advantage.
Spotting an economic moat in a business before the fact is not an easy thing to do. Here are seven signs to start off from.
Read the full transcript of the meeting featuring Charlie Munger and Gerald Salzman.
Not only were readers of The Intelligent Investor blessed with a thick book written from the greatest financial mind of the time. They were blessed with Graham writing directly to the layman.
China’s leading online destination for cars is growing fast and drowning in cash. We discuss Autohome’s prospects for capital allocation and attempt a valuation of the business.
We walk through how to properly calculate and think about return on invested capital. And, most importantly, its pitfalls.