Don't listen to the hype around '10-bagger' stocks. You don't need them to create financial freedom. What Is A 10-Bagger Stock? A '10-bagger' is a company whose share price multiplies by a factor of 10x from your average cost. As you may well imagine, a very select few of companies globally (~2%) achieve this. Typically, [...]
Howard Marks, co-founder and co-chairman of Oaktree Capital Management (the largest investor in distressed securities worldwide), released a series of videos on September 12, 2024 in which he discusses how to think about risk. In the full length video (~36 minutes), accessible through Oaktree Capital Management LP's website, Marks explains the character of risk, the [...]
In my Starbucks (SBUX) guest post at Dividend Power I explain why there is not a chance that I would invest in the company. Starbucks' (SBUX) investors have been rewarded with an annual rate of return in the upper teens if shares were acquired at the end of August 1995 and never sold. It [...]
I have covered Copart (CPRT) in several prior posts that are accessible through the Archives. When I wrote my May 17, 2024 Copart – A Wonderful Wide Moat Company post, CPRT had recently released its Q3 and YTD2024 results. We now have CPRT's Q4 and FY2024 results (released after the September 4 market close) thus [...]