Every company tells a story with its financial statements. Problem is, some companies are better at fiction than others. Earnings per share sounds simple – net income divided by shares. But dig in and you find four different versions of the same number, special charges from nowhere, and tax situations that make no sense. This is where an engineer’s skepticism becomes your greatest asset.
When you line two companies up side by side, truth becomes hard to ignore. One looks expensive. The other looks cheap. …
There is a trick that experienced engineers use when evaluating two competing technologies. You do not look at each one …
One of the most useful exercises in investing is putting two similar companies next to each other and asking a simple …
Here is something that always hits me hard. There was a moment when a young boy walked into a bank to cash a check for …
Look, before Warren Buffett became Warren Buffett, he learned everything from one guy. Benjamin Graham. The Father of …
When you manage tens of billions of dollars, you cannot buy small companies and move the needle anymore. You need …
Look, imagine you walk into a store and see a crisp $100 bill on the shelf with a price tag of $25. You would buy every …
Look, everyone knows Warren Buffett as the guy who buys great companies and holds them forever. But early in his career, …
Look, most people think building an empire starts with some grand vision and a pile of cash. Buffett built his out of a …