Introduction In 1951, a twenty-one-year-old Warren Buffett wrote an article about GEICO titled “The Security I like Best”. He begins by admitting the broader market was “riding [the] wave of prosperity”, but that the auto-insurance industry had not shared in this ride and was home to many under-priced stocks. In the article, he outlines GEICO’sContinue reading “Cartrack: A Deep(er) Dive.”
Monthly Archives: January 2021
What value is a value investor?
Could you answer the question: “What value do investors add to society”? Not venture capitalists, not activist investors, not owner-operators, not macroeconomic investors either. This question pertains specifically to money guys who pick stocks. Hedge funds have become synonymous with high pay and – with the rise of passive investing – many are questioning whatContinue reading “What value is a value investor?”
Vineyard Holdings 