In prior BlackRock (BLK), Blackstone (BX), and Brookfield (BN.to and BAM.to) posts accessible through the Archives section of this site, I touch upon why you should consider investing in asset managers. What Are Asset Managers? In September 2024, KKR (a leading global investment manager) published an excellent perspective of the past, present, and future of [...]
In my September 13, 2024 How To Think About Risk post, I include a link to Howard Marks' - co-founder and co-chairman of Oaktree Capital Management (the largest investor in distressed securities worldwide) - explanation about the character of risk, the relationship between risk and return, the misconceptions about risk, and how to think about [...]
If social media is any indication of the typical small retail investor, financial freedom ranks highly as a goal. Reading various social media posts, however, and I can't help but wonder just how few will attain financial freedom. Many posts on social media reference the desire to find the next '10 bagger' (a home run). [...]
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. [...]