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 [...]
Before last Friday Nintendo's shares increased in value by 56% based on the popularity of Pokemon Go. The meteoric rise in Nintendo's share price is a great example of the Substitution Heuristic. The Substitution Heuristic happens when we're faced with a tough question. If the question is too hard we will substitute the hard question [...]
A collection of mostly finance links and podcasts that I wish I had the talent to create. “Learn to sell. In business you’re always selling" ~ A dozen things I learned from Mark Cuban. (25iq) Why do we haggle on car prices but not everything else we buy? (Priceonomics) A huge collection with a brief [...]
Got your attention? The F word we are talking about here is FIDUCIARY. The Department of Labor (DOL) recently passed the Fiduciary Rule which, among other things, requires that advisors to retirement plans act as fiduciaries. A fiduciary is required by law to act in their clients best interests. This differs from a lesser standard [...]
Today's confirmation bias for our positions in Pepsi (PEP) and Microsoft (MSFT) comes via Barron's and their interview with Eric Schoenstein, portfolio manager for the Jensen Quality Growth Fund (JENSX). PepsiCo: The fund doesn’t pick sides when it comes to Pepsi versus Coca-Cola ( KO ) at least not when it comes to the companies’ [...]
Uncovering Alpha in Microcaps & Special Situations: Peter Rabover, Artko Capital (Harvest) Why don't terrible free throw shooters like Shaq, Wilt Chamberlain, DeAndre Jordan shoot underhand like Hall of Famer Rick Barry? More importantly, why do good ideas die? (Revisionist History) Why Visa is a buy from the University of Iowa's Henry Fund. (Valuewalk, PDF) [...]
Checking in with RBS' "sell everything" call made back in January. https://twitter.com/mktoutperform/status/753592813225324544?refsrc=email&s=11 The kicker for me is while pretty much every asset class has recovered RBS' stock is down 40%.