| 2022 |
| Sep 11 |
The P/E Ratio |
| Sep 04 |
Profits vs Cash |
| Aug 28 |
Lindys vs Turkeys |
| Aug 21 |
Why A Long Re-investment Runway Matters |
| Aug 14 |
Saving vs Investing |
| Aug 07 |
How Cash Flow Timing Impacts Shareholder Returns |
| Jul 22 |
The Story Of Pi |
| Jul 09 |
How Businesses Die |
| Jun 28 |
The Trouble With Debt To Equity Ratios |
| Jun 26 |
Luck vs Skill, Certainty vs Upside |
| Jun 12 |
How Inflation Can Bring Down Business Returns |
| May 27 |
My Favorite Charlie Munger Quote: Why Quality Trumps Price |
| May 22 |
Protecting Ourselves From Inflation |
| Apr 19 |
The US Tax Code Is Kind To Investors |
| Apr 13 |
The Devil's Card Game |
| Apr 03 |
Income Statements |
| Mar 26 |
The Elements Of A Cockroach Portfolio |
| Mar 20 |
The Economics Of Internet Newsletters |
| Mar 06 |
The Art And Science Of Valuation |
| Feb 26 |
Recurrence Equations |
| Feb 05 |
Why And How To Read A Balance Sheet |
| Feb 04 |
What Can Horse Racing Teach Us About Value Investing? |
| Jan 22 |
The Magic Of Retained Earnings |
| Jan 15 |
Key Concepts Related To Compounding And Exponential Growth |
| Jan 08 |
The Volatility Tax |
| Jan 01 |
New Year, Old Financial Independence Concepts |
| 2021 |
| Dec 18 |
Return Ratios (ROA, ROE, ROIC, ROCE, etc.) |
| Dec 11 |
Dividends vs Buybacks |
| Dec 04 |
Conditional Probabilities, Survival, Lindys vs Turkeys |
| Nov 20 |
Escape Velocity |
| Nov 06 |
Portfolio Optimization, CAGR/IRR Maximization |
| Oct 30 |
A Counter-Intuitive Thing About Share Buybacks |
| Oct 23 |
Shannon's Demon |
| Oct 12 |
Ed Thorp And His Statistical Arbitrage Insights |
| Oct 09 |
Warren Buffett's Pinball Machine Empire |
| Sep 25 |
Margin Of Safety When A Company Has Loads Of Debt |
| Sep 18 |
The Right Way To Calculate Inflation-Adjusted Returns |
| Sep 11 |
Capital Allocation Inside Businesses |
| Sep 05 |
Investing Lessons From Claw Machines |
| Aug 28 |
Asset Prices, Interest Rates, And Inflation |
| Aug 14 |
Generating Functions |
| Aug 07 |
Portfolio P/Es, Harmonic Means, And The Cauchy-Schwarz Inequality |
| Aug 01 |
Thinking Multi-Dimensionally |
| Jul 11 |
Counting Oranges |
| Jul 04 |
Earnings vs Cash Flows |
| Jun 27 |
Capital Turns And The Number e |
| Jun 20 |
Dividends |
| Jun 14 |
The Pitfalls Of Return On Equity (ROE) |
| May 30 |
Charlie Munger's Key Insight |
| May 22 |
Tax Deferred Compounding |
| May 15 |
Standard Deviation, Mean Absolute Deviation, and Fat Tails |
| May 08 |
Decision Fatigue |
| Apr 24 |
The Basics Of Retirement Planning |
| Apr 17 |
Markov Chains |
| Apr 10 |
Leverage |
| Apr 03 |
Volatility vs Risk |
| Mar 27 |
Earnings Growth vs Return On Capital |
| Mar 14 |
Lifestyle Creep |
| Mar 06 |
Calculating A Fair Price For A Wonderful Business |
| Feb 20 |
Towards Financial Independence: Setting Goals, Tracking Progress |
| Feb 13 |
Correlated Bets |
| Feb 06 |
Half Life |
| Jan 30 |
Geometric Expectations |
| Jan 23 |
Path Dependence |
| Jan 16 |
Binomial Thinking |
| Jan 09 |
The Birthday Paradox |
| Jan 02 |
State vs Flow Quantities |
| 2020 |
| Dec 26 |
Snowballs |
| Dec 19 |
The Rule Of 72 |
| Dec 12 |
Wonderful Businesses At Fair Prices vs Fair Businesses At Wonderful Prices |
| Dec 05 |
Investing vs Speculation |
| Nov 28 |
Investing & Inflation |
| Nov 21 |
Stock Based Compensation |
| Nov 14 |
Estimation Theory |
| Nov 07 |
Tail Risks |
| Oct 31 |
Same Store Sales |
| Oct 24 |
Depreciation |
| Oct 22 |
A Story About Warren Buffett's Grandfather |
| Oct 17 |
The Pitfalls Of Averages |
| Oct 10 |
Probability Distributions And Random Variables |
| Oct 03 |
Game Theory And Nash Equilibria |
| Sep 26 |
Look Through Earnings |
| Sep 19 |
Geometric Sequences |
| Sep 12 |
Understanding Inventory Turnover |
| Sep 05 |
401(k)s, Rebalancing A Portfolio Between Stocks And Bonds |
| Aug 29 |
Do You Need A Fund Manager? |
| Aug 22 |
Why Warren Buffett Likes To Hold Stocks Forever |
| Aug 15 |
How To Do A Reverse Discounted Cash Flow (Reverse DCF) Analysis |
| Aug 08 |
How To Do A Discounted Cash Flow (DCF) Analysis |
| Aug 01 |
Stock Splits |
| Jul 25 |
How Much Money Do You Need To Retire? |
| Jul 18 |
How To Do CAGR/IRR Calculations |
| Jul 11 |
The Fundamentals Of Portfolio Diversification |
| Jul 03 |
How Mortgages Work |
| Jun 27 |
The Basics Of Options Trading |
| Jun 20 |
LTV vs CAC |
| Jun 13 |
Share Buybacks |
| Jun 06 |
Owner Earnings |
| May 31 |
Arithmetic vs Geometric Thinking |
| May 26 |
Covid-19 Testing And Bayes' Rule |
| May 24 |
The Kelly Criterion |
