I posted a long article on VIC on PRLS and why I think the new acquisition unlocks substantial value. The article is now live and can be found here. Please note that PRLS is very illiquid; do your own diligence and use limit orders.
Sure, creating a start up and value investing have a bunch of differences. But I think you’ll find this essay on starting up a startup enjoyable and educational nonetheless. Enjoy.
Really enjoyed this; it’s always interesting to hear two people at the top of their fields talk but I thought these two especially were thoughtful and provided some great tips on excelling in a field.
Buffett’s letter to a reinsurance manager about Geico in 1976. Be sure to click on the “yellow” to read some additional notes and details. Really interesting to see how Buffett discussed Geico back in 1976 when the company was in distress. Buffett sees a business in temporary trouble but with a significant competitive advantage and pounces. Also interesting to see how he talks with one of his (at the time) top managers.
One stock that I’ve held for quite sometime is ADDvantage (AEY). I’ve written the stock up several times; unfortunately, many of those write ups were on the old blog, so they are gone.
One of my favorite areas to play is liquidations. Here’s a great article on why they’re such an attractive asset class.
I keep promising people an update on Prodex (PDEX), but at this point I think I may just wait until Q1 earnings are announced before doing a comprehensive update. Continue reading $PDEX share repurchase update
Value investors usually buy stocks that, for one reason or another, have something “wrong” with them. That “issue” is often what makes them so cheap. But sometimes the market is right and the thing that is “wrong” is a truly big issue and the stock is “cheap for a reason.” It’s easy for a value investor to buy a stock all the way down that is fundamentally flawed for a reason they identified and brushed off at their first purchase, even though the issue becomes more and more apparent as time passes.