Blog
Where curiosity gets expensive.
Essays on investing, markets, software, AI, and the ideas that looked simple before I made the mistake of looking closer.
All posts13 posts
Filter by tag
The Multiple Is the Size of Your Bet on the Future
16 min readGrowth Is Not Always Good
24 min readMultiples Are DCFs for Lazy People
27 min readHow to Value a Lemonade Stand
19 min readReturn Engines
13 min readDiversification Is Not About Counting Stocks
21 min readStructural Market Inefficiencies
25 min readIs Buffett Really a Good Investor?
13 min readYou Don't Understand Share Buybacks
21 min read10x Stocks: The DNA of Multibaggers
45 min readWhich share buybacks work best: a step-by-step backtest
14 min readManager-led funds and poker players
8 min readShare Buybacks
13 min read
“It is not about guessing which company will do well. It is about finding where the market is most wrong.”
The first rule of investing