Middleby Corporation (MIDD): Case Study of an Intelligent Fanatic Led 100-Bagger

May 19, 2016 | Read Now

What You’ll Learn Who is Selim Bassouls’s Journey How Bassouls saved the Middleby Corporation  Middleby’s acquisition strategy In 2001, Selim Bassoul became CEO of a $40 million market cap microcap called, Middleby Corporation (MIDD). He had joined Middleby in 1996 and turned around the company’s Southbend division, and in 1999 became COO to help turn the […]


Lessons on What To Analyze and Think About with Retail Stocks

May 16, 2016 | Read Now

The crowd of companies in this section [Manufacturing, Service and Retailing Operations] sells products ranging from lollipops to jet airplanes. Some of these businesses, measured by earnings on unleveraged net tangible assets, enjoy terrific economics, producing profits that run from 25% after-tax to far more than 100%. Others generate good returns in the area of […]


Top 10 Rated Posts for the Last 6 Months

May 3, 2016 | Read Now

With over 800 articles on old school value, there’s tons of buried content. Here are 10 that have been very popular over the past 6 months. Changes in Working Capital and Owner Earnings – The Complete Guide 5 Successful Qualities of Buffett, Graham, Munger and How to Acquire Them The 12 Tenets of Sound Fundamental Analysis […]


Ignore These 7 Questions If You Want to Lose Money

April 18, 2016 | Read Now

SunEdison (SUNE) is down 92% YTD. But what the heck happened? Isn’t clean energy the future? Why would “investors” continue throwing money into a bonfire? This is how shareholders have been rewarded. The thing is, SunEdison doesn’t come close to passing the sniff test. You have to hold your nose from a mile away. Look […]


Jeff Bezos Letter Better than Warren Buffett’s?

April 5, 2016 | Read Now

Buffett’s annual letters are the gold standard, but close behind is Jeff Bezos. In typical Jeff Bezos style, the annual letter is brief, to the point and packs a punch. A must read for any business minded person or Amazon investor. Bezos is undoubtedly one of the elite minds in business and he provides a glimpse […]

accrual earnings quality

It’s True. Quality Leads Market Returns in Narrow Breadth Markets.

April 4, 2016 | Read Now

What You’ll Learn What a typical investment funnel is What a narrow market is and what you have to look out for My quality definition and 3 stocks that are scoring high Quality Scores It takes time to find great investment ideas. I know I have to pass on at least eight ideas before two […]


Cash Is A Position

March 29, 2016 | Read Now

What You’ll Learn My cash levels and what it’s been doing Why cash is not a bad thing Why holding cash is not market timing One of the biggest advantages that a retail investor has over funds is that they can be in cash. Most funds, due to their mandates, must deploy most of their […]

tenets fa-t

The 12 Tenets of Sound Fundamental Analysis and Valuation Principles

March 22, 2016 | Read Now

What You’ll Learn The 12 guiding principles of fundamental analysis Thoughts on growth and valuation 7 further accounting principles 6 valuation principles to apply There’s two parts to this post, but it’s aims to provide a good basic framework for analysis and valuation. I keep coming back to a great book that I finished in […]


The Reasoning Behind Return On Capital in the Magic Formula

March 18, 2016 | Read Now

What You Will Learn Why didn’t Greenblatt just use ROE? A deeper explanation of how Return on Capital is calculated Example of ROC between KO, PEP and DPS “Businesses that earn a high return on capital are better than businesses that earn a low return on capital.” —Joel Greenblatt The Reasoning Behind Return On Capital […]


Snap Decisions. The Art of Finding, Analyzing and Researching Stocks Faster and Better.

March 17, 2016 | Read Now

What You’ll Learn The importance of being decisive How checklists can fail How to improve your snap decisions My snap decision examples Snap. Make fast, decisive and good decisions when picking and analyzing stocks. Snap decisions. Isn’t that what we all want? But how? Ian Cassel’s article on indecision really got me thinking about the […]

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