Geoff Gannon

Free Cash Flow: Adjusting For Acquisitions, Capital Allocation And Corporate CharacterSomeone who reads my articles sent me this email: …. I would appreciate your thoughts on three questions of mine: When calculating the free […]

Someone who listens to the podcast emailed this question:

“I’ve heard Geoff speak about not liking management with tons of stock options but preferring they have raw equity. Could you elaborate on the rea […]

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 t […]

Someone asked me a question about using risk-adjusted discount rates when valuing stocks. Here’s my answer.

The discount rate for a stock should be the opportunity cost of putting money in it instead of s […]

Someone asked me a question about relative valuations:

“There are a couple of instances when we can value the stock based on comparables. However, for me, I feel that there is something in the middle that I c […]

Someone asked me this question:

“Warren Buffett had commented that Coca-Cola has a durable competitive advantage. It is one of his ‘inevitables’. I am curious what is your thought on the investment merit of a […]

From a “100-bagger” type perspective, the criteria are pretty simple: 1) Is it a small stock (probably a micro-cap, definitely a small-cap)? – We’re talking

Someone sent in this question:

When deciding to look for a bank, where do you start? What is your initial approach when finding a bank?

So, I don’t really have one specific thing I look for in a bank stock. […]

On a recent episode of the rundown – a weekly YouTube show with Andrew Kuhn and Vetle Forsland – Andrew asked the question of whether you could be a good investor without being a good stock picker and vice ver […]

Dividends and Buybacks at Potentially Non-Durable Businesses: Altria (MO) vs. NACCO (NC)A Focused Compounding App subscriber had a question about something I said in a recent podcast: “In your recent podcast you said you thought a t […]

One of Warren Buffett’s basic tests for buying a stock is the idea that if you wouldn’t buy the whole company at this price – market cap, enterprise value, etc. – you shouldn’t buy the stock. Not even to hold it f […]

Hi, Geoff. I have just recently read your old article titled “How To Find Competitive Advantages In The Real World”. My question is, is that article still relevant at this point in time (because it is quite old […]

Someone sent Geoff this email ( to ask your own question: just send me an email ) :

Hey Geoff,

The last 10 years saw the dominance of ‘growth’ (as quantitatively defined) over ‘value’.

If you were a value […]

We did a Focused Compounding Podcast episode that was 100% dedicated to bank investing.

In that podcast notice that I analyze banks completely differently than most value investors. I don’t believe […]

One of the biggest issues I come across when talking with people about specific stocks is that while we can have a good discussion of bottom-line numbers like earnings – the discussion of items higher in the i […]

One of the biggest risks for a value investor is buying into a business with poor momentum. Not momentum in the since of an upward movement in the price of the stock – that is often a problem, but it’s a dif […]

I’m writing today’s Focused Compounding daily from a Best Western in Kansas. By the time you read this, I may already be back in Plano. Today will complete this short – only like four days total – research road tr […]

Surviving Once a Decade Disasters: The Cost of Companies Not Keeping Enough Cash on HandA couple days back, I read Tilman Fertitta’s book “Shut Up and Listen”. The book is short. And it’s full of a lot of basic, good advice especia […]

In recent years – and especially recent months – many stocks have gotten a lot more expensive. Especially among bigger U.S. stocks, the “value” category has shrunk. I did a quick check of the biggest stocks […]

Richard Beddard recently wrote a blog post about company strategy. And Nate Tobik recently wrote one about how you – as a stock picker – have no edge. I’d like you to read both those posts first. Then, come ba […]