Someone emailed me this question: How do you think management should analyze acquisition opportunities? For example, how would you like the management of companies you own to think about them and decide to acquire or not (acquire) a...
One topic Andrew and I don’t discuss much on the podcast are the books we’re reading. Despite that, some podcast listeners email me with requests for book recommendations. Since my interests are probably different than yours – I can’t...
In our most recent podcast, Andrew and I talked about Bob Iger’s return as CEO of Disney (DIS). If you’d like to know more about Disney – the company and the stock – as it currently exists, I recommend subscribing to The Science of...
Alico (ALCO) failed to file its financial results on time. The company was scheduled to report its full-year results on December 6th. Instead, it put out this explanation: “…the Company and its independent public accounting firm...
Someone emailed me this question: I have the following quote from the article How Much is Too Much to Pay for a Great Business, “For example, let’s say I buy a stock with a 15% free cash flow yield and 3% growth. I make 18% a year while I...
Vertu Motors (“VTU” in London) reported its interim results. As a U.K. stock, the company reports results twice a year. This is their half-year report. Accounts I manage hold shares of Vertu Motors. Tangible Book Value As I write...
Here’s an inspiring story I heard the other day. Last week, I spoke with an investor who recently inherited an investment account from their uncle. The uncle worked as a fireman, lived below his means, and invested in stocks and...
Investing in Trusts: Why Andrew and I Don’t Own Them, Why You Probably Won’t Want to Too – And How to Get Started if You’re Sure This is Really an Area You Want to Explore Someone asked me a question about trusts: “I was watching one of...