Melinda Gates: 'The Moment of Lift'

My book recommendation for 2020.

A Wider Definition of Margin of Safety

Building resilience in the face of risk and uncertainty.

Q&A With Li Lu

A conversation following Li Lu’s speech, “The Practice of Value Investing”.

"The Practice Of Value Investing", by Li Lu

A discourse on the nature of investment, circles of competence, temperament and faith.

John M. Barry: 'The Great Influenza'

Notes from a history of the 1918-1920 pandemic.

Dividends and Duration

Dividends are the only source of return which can also reduce risk.

Foxes, Hedgehogs & Investors

Practical advice for forecasters with only two hands.

Economic Goodwill

The gift that keeps on giving.

Richard Lawrence's Margin of Safety

Trust is critical to protect both clients and the manager.

Betting on the Odds

Looking for situations where I can reasonably determine the future.