The popularity of theater-going has been in decline for close to 20 years.
Whatever price multiple of which you are a fan, whichever sectors you exclude, however you neutralize your exposures, whether you equal-weight or cap-weight, one thing remains true: cheap stocks have had an unhappy decade
The best performing 811 companies (1.33% of the total) accounted for all net global wealth creation.
You will respond by ignoring every personal attack and by letting the evidence in your coverage speak for itself.
Prices reflect people’s opinions about the future, not the present
Moving from a rule-of-thumb to a dynamic model is like moving from analog to digital
The amount of energy needed to refute bullshit is an order of magnitude bigger than to produce it.
The finest example of what can still happen when you are not great at anything
Patents provide a signal of future economic value through the creation of a competitive moat.
Some decisions are just hard
How can we lead a happier financial life?
Few things are harder than mental time travel