What I Wish I Wrote ~ October 5, 2017

Performance of dividend payers in the S&P 500 versus non-dividend players in the S&P 500 (Dividend Growth Investor)

Is DaVita juicing its earnings through an opaque non-profit? Warren and Charlie’s Excellent Insurance Gambit (Sirf-Online)

Did Warren Buffett kill value investing? (The Irrelevant Investor)

The psychological biases that leave us unprepared for disaster (Tim Harford)

What do the best investors do that the rest don’t? (Behavioral Value Investor)

Google Travel is worth $100 Billion (Skift)

Reciprocation Bias. It can build trust and love. Or it can lead to great harm. (Farnam Street)

You are Facebook’s product (London Review of Books)

We need to stop pretending that the autonomous car is imminent. (Recode)

Should you top-off a position (aka average down) or double down? (MarketFox)

Sequoia Fund trying to repair some reputational damage from its Valeant fiasco. (The Washington Post)

And now you know why you can’t stop stuffing your face with those cheese puffs. (Now I Know)


What I Wish I Wrote ~ September 1, 2017

A collection of mostly finance related links that I wish I had the talent to create.

Why Everyone Should Write. Putting yourself out there increases optionality. (Collaborative Fund)

Shorting Uber (Jeff Matthews Is Not Making This Up)

McDonald’s (MCD) used to make the best fast food french fries in the world — until they changed their recipe in 1990. (Revisionist History)

5 Tips to Avoid Dividend Cuts (ValueWalk)

Big name consumer brands earn outsized economic returns in part because they lowered the consumer’s search costs. The internet is changing all this. (Intrinsic Investing)

Flywheel Effect: Why Positive Feedback Loops are a Meta-Competitive Advantage (Evergreen)

Tencent’s wide moat and it pays a dividend albeit a very small one. (Saber Capital Management)

Why The Auto Parts Retailers Will Slowly Go Extinct (The Drive)

Three Financial Red Flags to Avoid When Investing For Dividend Growth (Sure Dividend)

Importance of ROIC: “Reinvestment” vs “Legacy” Moats (Base Hit Investing)

What I Wish I Wrote ~ June 30, 2017

Charlie Munger’s talk on the Psychology of Human Misjudgement via Marketfolly

Checking in with ESPN, the current state of its business and its future. (Sports Business Daily)

You probably hear a lot that Tesla is disrupting this and that business. But is Tesla really disrupting any business in the true Clayton Christensen definition? (Vox)

How would your portfolio have done if you invested in the Dividend Champions in 2007? (The Dividend Growth Investor)

Brown v Board of Education was a landmark Supreme Court case but did we mess up who and how we integrated the schools? (Revisionist History)

Has the meteoric rise of passive investing generated the “greatest bubble ever”? (13D va Medium)

Tiger Cubs battle short sellers over Transdigm. (Financial Times)

Faceless Publishers. The changing infrastructure of online publishing and monetization. (Stratechery)

Best Habits of Highly Successful Investors (Steve Romick in Barron’s)

70 years ago Russ Gremel bought $1,000 worth of Walgreens now the stake is worth $2 million and he is donating it to set-up a wildlife refuge. (Chicago Tribune)

Compound interest works with learning too. (Kottke)

This is Your Nightmare Scenario (The Irrelevant Investor)

Warre Buffet on the PBS News Hour (Video 1, Video 2)

What I Wish I Wrote ~ June 2, 2017

This is a great twitter thread on how Amazon is disrupting consumer brands and which items are most likely to be disrupted.

And as a follow-up, the presentation from the 2017 Ira Sohn Conference on why Energizer Holdings (ENR) is a short. (Ira Sohn)

The Invest Like the Best Episode with Royce Yudkoff and Rick Ruback focuses on buying small highly profitable businesses in a model they call Really Private Equity. The criteria they look for in an acquisition candidate are equally applicable when looking for a publically traded company. Especially when they talk about recurring versus repeating revenue.

“More money has been lost reaching for yield than at the point of a gun.” If you’re investing in a high yielding retail stock, how safe is that dividend? (A Wealth of Common Sense)

Which would you rather own a Ferrari or a Tesla? Now, which stock RACE or TSLA? If you’re a Return on Invested Capital fan then Ferrari is your pick for both. Plus, RACE pays a dividend. (Intrinsic Investing)

Autonomous cars are coming. When exactly? I don’t know. But LIDAR will the be key. A brief introduction to LIDAR (Voyage)

Pepsi (PEP) dividend growth analysis (The Dividend Groth Investor)

The iPhone has a tremendous loyalty and retention rate in the U.S. and around the world. Except in China. The Chinese smartphone user is driven by WeChat and Apple needs to find a solution to this issue. (Stratechery)

On position sizing in your portfolio (Covenant-Lite on Medium)

Got 11 hours to listen to some music? The complete history of Punk Rock in 200 tracks. (Open Culture)

What I Wish I Wrote ~ April 28, 2017

A collection of mostly finance related links that I wish I had the talent to create.

An article went up on Value Investor’s Club recommending a short position in Apple (AAPL). These are all the counterpoints to that short thesis. (Bireme Capital)

Inside the Hotel Industry’s Plan to Combat Airbnb (New York Times)

“And famous New York short seller Jim Chanos’ Kynikos short fund has reportedly turned $1 into a dime since its inception.” (Confessions of a Contrarian Investor)

David Einhorn thinks the markets are repeating the late 90s and 2000. Josh Brown says hold up on that comparison. (The Reformed Broker)

Aluminum was a boon to the aerospace industry and graphene could have an even bigger impact. (Virgin)

Star Wars moisture farmers are becoming a thing. Some scientists at MIT and Cal created a deice that can pull moisture out of the air using solar power. (The Telegraph)

AbbVie (ABBV) has tremendous value in the both the amount of cash flow humira generates and the potential in it’s drug pipelinnnnnn. (Sure Dividend)

ESPN can’t afford to go on like this (Bloomberg View)

The invention of Air conditioning did some great things for the modern economy. It helped create the Summer blockbuster movie season and probably even helped Ronald Reagan get elected. (50 Things That Made the Modern Economy – BBC)

Marginal gains versus the long shot. (Tim Harford)