- The process
Warren Buffett's 20 Punches Card Rule: Make Every Investment Count
You do not need 20 stock tips. You need a good reason to use your next punch.
11 min read - The process
Investing Jargon, in Plain English
Every term we use on this blog, explained in one or two sentences. No formulas, no prior knowledge needed.
13 min read - Investor psychology
Buffett's Golden Rule: Wait for the Fat Pitch
The big money is in the waiting. Buffett and Munger in 1998 on why they will hold cash indefinitely rather than buy something merely acceptable.
3 min read - Risk & valuation
How Much Should You Invest in One Stock?
You can misjudge the moat, the management and the price and still be fine — if the position was small enough. Sizing is the last step for a reason.
8 min read - Investor psychology
Charlie Munger on Cash: The Power of Sitting on Your Hands
The biggest mistake you’re making with your money isn't buying the wrong stock—it's swinging at mediocre pitches. Investing is where you find a few great companies and then sit on your ass
2 min read - The process
Seven Steps Before You Buy Stocks: Inside Fat Pitches
Inside the value-investing stock research platform built on the mental models of the world’s greatest investors designed to challenge your thesis
13 min read - Risk & valuation
Business Risk vs Price Risk: The Two Risks in Investing
Most investors run both kinds of risk through the same mental slot. Separating them changes what you do next — and the right response to each is the opposite of the other.
7 min read - Business quality
CEO Pay and Skin in the Game: Buffett on Executive Pay
He has no quarrel with a CEO earning a fortune. What bothers him is paying a fortune for mediocrity — and that distinction is measurable.
7 min read - Business quality
What Business Quality Means: Munger's One-Line Test
"Get more quality than you're paying for." It sounds like a platitude until you try to measure either half — so here is what quality actually means, and how you put a number on it.
6 min read - Investor psychology
The Market Timing Trap: Why Forecasting Fails Investors
The best investors do not forecast market moves. They study businesses, estimate value, and let time do the heavy lifting.
8 min read - Business quality
Why Growth Alone Doesn't Make a Good Investment
Munger: It’s fairly simple, but it’s not so simple it can all be explained in one sentence
7 min read - Investor psychology
Do Stock Picking Services Work? When the Audience Buys
A stock-picking service can become part of the market it claims merely to observe—especially in thinly traded micro-caps.
7 min read - The process
Warren Buffett's Fat Pitch Analogy, Explained
Warren Buffet secret formula. Spoiler: -not a secret-.
7 min read - Investor psychology
Always Invert: Charlie Munger's Thinking Trick
Charlie Munger trick. Why? Why not?
2 min read
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