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 [...]
I periodically receive inquiries as to what books I have read/am reading, and therefore, created a page on this site in which share a selection of books I have found to be entertaining and/or thought-provoking; a few are still on my list of books to read. This page has been updated with links to [...]
This FFJ Portfolio - August 2024 report recaps my investment activity during the month. Purchases During the month of August I made the following purchases: HEICO (Class A) (HEI-a) 100 shares @ ~$189.47 on August 27 in a 'Core' account. My rationale for increasing my exposure is explained in this August 27 post. Brookfield Asset [...]
I first reviewed Veeva Systems (VEEV) in my December 26, 2023 post at which time I indicated I had placed it on my 'Watch List'. The last time I reviewed it, however, was in this March 21, 2024 post at which time I disclosed my decision to initiate a position in the FFJ Portfolio. [...]
In my December 19, 2023 post, I touched upon why I think investors can create wealth with a HEICO (HEI and HEI-a) investment. I subsequently covered HEI in a January 8, 2024 guest post at Dividend Power. When I reviewed HEI in my January 8, 2024 guest post, the most currently available financial information [...]
When I last reviewed Agilent (A) in this November 22, 2023 post, it had just released its Q4 and FY2023 results and Q1 and FY2024 guidance. At the time, management had forecast strong FY2024 cashflow while navigating challenging business conditions. With the release of Q3 and YTD2024 results and FY2024 guidance on August 21, [...]
I last reviewed Zoom Video Communications (ZM) in my May 21, 2024 post. At the time, the most currently available financial information was for Q1 2025. With the release of Q2 and YTD2025 results following the August 21 market close, I revisit this existing holding. WARNING: ZM is not to be confused with ZoomInfo Technologies [...]