Let’s play a game. Ready? Open a financial newspaper like the Wall Street Journal, turn to the stock quote section, and pick any company at random, and look at the high and low from the past year. Ok, let’s see here. We have GM. They make cars and trucks. Over the past 52 weeks, their stock traded as […]
Category Archives: Blog
We’ll only invest in a company when the price we pay today is significantly less than the value we will get tomorrow. But how do we know what the value of the company is? Let’s take Apple. What is the value of the world’s largest business of consumer electronics? Well, the value of any business is […]
WHATEVER FLOATS YOUR MOAT Bigger is not necessarily better when it comes to digging an economic moat. It is very easy to assume that a company with high market share has a sustainable competitive advantage—how else would it have grabbed a big chunk of the market? But history shows us that leadership can be fleeting […]