Category: Uncategorized

Premium Tease: Buying some insurance

Posted On August 3, 2020
A quick tease / investment overview: the company I want to talk about today is an insurer. They’ll report earnings soon, and based on peer results I suspect the earnings will be extremely strong. Despite that, they’re trading for well under than book value. I think they are worth ~2x their current price, and that […]

The $TWTR hack: a lack of imagination

Posted On July 16, 2020
Twitter is probably the most interesting company in the world today. I mean that from both a strategy perspective and from an investment perspective. From a strategy perspective, I'm not sure there's ever been a company created so much value for its users and captured so little for itself (I liked the chart below from […]

Yet another guide to media stocks, Part 6: Sports investing in a post-Covid world $MSGS $MSGN

Posted On June 23, 2020
Hi! Welcome to Part 6 of Yet Another Guide to media stocks. Today’s post will cover how I'm thinking about investing the publicly traded sports plays in the post-Covid world. 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 […]

Some things and ideas: May 2020

Posted On May 29, 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 […]

Confused, part deux

Posted On May 19, 2020
Earlier today, I put up a post on how confused I was by the current environment (the post was aptly titled "Confused"). Judging by my DMs / emails, I'm not the only one who's confused, and a lot of people felt a little relieved that there was yet another person who was bewildered by the […]

Confused

Posted On May 19, 2020
I mentioned this a few weeks ago, but I don't think I've ever spent so much time thinking about the "macro" picture. Honestly, I don't like it. My passion lies in looking at individual businesses and quirky situations, not trying to decipher the the trajectory of the economy or how a virus will spread / […]

Corona dislocation and alpha potential

Posted On April 12, 2020
In general, I've tried not to think much about macro over the past few years. I much preferred to think about micro (company specific) ideas. Obviously, Corona has thrown a lot of that into question: for a lot of companies, whether they're investable or not depends on how long the economic shutdown lasts. As an […]

Buffett and airlines $BRK $DAL $UAL $LUV

Posted On April 7, 2020
Over the weekend, Berkshire filed a filed forms that showed them blowing out of their positions in Southwest and Delta. It was a pretty surprising move: Berkshire had been buying pretty aggressively as recently as a month ago, Buffett had been singing the airlines praises pretty consistently for the past few years, and Buffett had […]

Announcing Yet Another Value Blog Premium

Posted On April 6, 2020
I am excited to share that I am launching a premium (read: paid) version of Yet Another Value Blog. If you're interested, you can check it out here.