The Highly Confident Turnaround CEO
Six months ago I read a transcript of an interesting exchange between a CEO and an analyst. The analyst posed a frank question about the
Matt Brice
January 9, 2020
Buffett
Munger and The Cattle Rancher
Munger’s ability to find great businesses is directly related to his ability to consistently discard bad businesses. He is excellent at inverting, and discarding the bad businesses as quickly as possible.
Matt Brice
December 18, 2019
The Abominable No-Man and Bad Management
Some investors think a business is good, but know that management is bad. These investors justify the investment based on the idea that the great price of the business is worth the bad management. This is akin to marrying a supermodel who is going to yell at you all day. Whatever pleasure your eyes may derive from the marriage, your ears will endure a greater amount of pain in the long run. The pocketbooks of those partnering with bad management are likely to see a similar 50%+ decline in their net worth.
Matt Brice
December 10, 2019
Why Write?
Bird by Bird is, in my opinion, a poor book with an excellent chapter on First Drafts, namely “Terrible First Drafts.”* I quote below: Now,
Matt Brice
December 3, 2019
A Clean Room and 8 Year Projections
There is a huge element of “unknowns” in investing. A business is a highly complex organism that is evolving and changing each day, not to
Matt Brice
November 15, 2019
Links: Buffett’s Three Phases, Kobayashi’s Hot Dogs and How Zuck Crushed Google Plus
Profile and back story of Zuckerberg’s destruction of Google Plus. I find it highly informative when two heavyweights duel it out in specific product categories.
Matt Brice
June 6, 2016
The Golden Goose Squared
Last week, there were two great posts on the world wide web. Legacy Moats vs. Reinvestment Moats by Connor Leonard as a guest post at
Matt Brice
June 3, 2016
Links: Buffett Stock Market Predictions, Legacy vs. Reinvestment Moats and Fearon & Cannell on Short-Selling
“Spend each day trying to be a little wiser than you were when you woke up.” Charlie Munger I wanted to share a few articles
Matt Brice
May 31, 2016
Is There a Worm in Apple?
“I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I
Matt Brice
May 19, 2016
Buffett and Market Forecasting
I enjoy the Reese’s Peanut Butter Eggs. They are on sale during Easter as are other shapes on different holidays (christmas trees, etc). Fortunately, I
Matt Brice
May 16, 2016