If you didn't hear, Pokemon Go was a huge hit this past summer. Pokemon GO is an augmented reality smart-phone based game that integrates the classic Pokemon video and card game into the world around you. Pokemon Go was released on July 6, 2016 and it was an overnight sensation. So many people started playing [...]
In the "Pre-Mortem" section in our dividend letter focused on The Walt Disney Company (DIS) we solely discussed ESPN. How cord-cutting and rising costs are detrimental to ESPN's and Disney's profitability in the short-run. The best coverage and also the most vocal on these issues has come from Rich Greenfield of BTIG Research. He appeared [...]
John Malone appeared on CNBC and gave his thoughts about Apple buying Disney (DIS) and then spinning off ESPN. Most likely a cable company, a "distributor", would then buy ESPN. It's John just thinking out loud because as he said, "it's fun to speculate".
A collection of mostly finance related links and podcasts that I wish I had the talent to create. Mental models: multiplicative versus additive systems. What system is your company or organization operating under. (Farnam Street) In the search for yield some pension funds are turning to put-write strategies. (WSJ) If you're a dividend investor you [...]
The hunt for yield in a low-interest rate environment has pushed conservative income investors out of Treasury and corporate bonds and into dividend paying stocks. "Bond-like" equities. So many income seeking investors have moved into dividend paying utility and consumer staple stocks that they are now one of the most crowded trades in the market. [...]
A collection of mostly finance related links and podcasts that I wish I had the talent to create. Is the golden age of dividend growth over? (Morningstar) Instead of figuring out your "margin of safety" find out what your "margin of danger" is. (Medium) Warren Buffett and Charlie Munger's checklist. U.F.O.V. (Hurricane Capital) Howard Marks' [...]
Slot machines today are better designed and extremely high-tech compared to their early brethren. However, both old and new still operate under the variable reward system, luck based, and both require us to still sit there in front of the machine. Smartphones are changing this. Casinos are facing demographic issues. Older people, baby boomers and [...]
A collection of links to articles and podcasts that I wish I had the talent to create. Apple's third quarter 2016 results in charts. (Six Colors) Is Apple the first trillion dollar company? (SumZero) "Avoiding huge mistakes at the wrong times is half the battle. Try to learn from the mistakes of the previous generations [...]