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Month: January 2020

Some things and ideas: January 2020

Posted On January 31, 2020
Some random thoughts on articles that caught my attention in the last month. Note that I try to write notes on articles immediately after reading them, so there can be a little overlap in themes if an article grabs my attention early in the month and is similar to an article that I like later […]

Excerpts from our 2019 annual letter

Posted On January 28, 2020
Below is an excerpt from our 2019 annual letter (I posted excerpts from our 2018 letter last year here). I have removed two sections about the portfolio and position sizing due to #compliance, but you can always contact my colleague Rob (his email is [email protected]) if you’re interested in seeing the whole letter or learning […]

Yet another guide to media stocks, Part 1b: broadcasters update $TGNA

Posted On January 16, 2020
Hi! Welcome to Part 1B of Yet Another Guide to media stocks. Today’s post will cover a brief update on the broadcasters, particularly Tegna (TGNA; disclosure: long). Before diving in, I’d highly encourage you to check out the intro section to the guide, which goes over why I’m doing this and dives into the most important thing […]

Yet another guide to media stocks, Part 4: Free Radical #1 $AMCX

Posted On January 6, 2020
Hi! Welcome to Part 4 of Yet Another Guide to media stocks. Today's post will cover a"free radical:" AMC Networks (AMCX). Before diving in, I’d highly encourage you to check out the intro section to the guide, which goes over why I’m doing this and dives into the most important thing hitting the media sector […]

Yet another guide to media stocks: a guide to the guide

Posted On January 5, 2020
I've been enjoying writing all of the media stock guides. It's a lot of work, but it's a labor of love, and I continue to learn tons about the media companies as I dive further into them and reread their 10-Ks and transcripts.

Three grumpy thoughts from a jet lagged investor

Posted On January 2, 2020
First, happy new year. I got back yesterday from my honeymoon; we went to Tokyo and all across Vietnam. It was a blast. I highly recommend Vietnam in particular and would be happy to give recommendations offline.