- Commodity but nothing else?! (link)
- post-1973 we entered a world where, for several decades (at least up to around 2007), both bonds and commodities were an important component of a diversified portfolio.
- Having right incentive is so important (link)
- The new act has little effects to inflation estimated by CBO (link)
- enacting the bill would have a negligible effect on inflation, in CBO’s assessment. In calendar year 2023, inflation would probably be between 0.1 percentage point lower and 0.1 percentage point
- Special situation
- Pinelawn cemetery (link)
- PLTR Q2財報 (link)
- Half year report by Rob Vinall (link)
- Credit Acceptance
- 3 year avg. FCF/market cap = 12.48%
- 3 year FCF growth rate = 16.2%
- an additional reading from RV capital letter (link)
- AddLife
- 2021 earning/EV = 2%
- 2021/2020 FCF growth rate = 6%
- an additional ready from RV capital letter (link)
- Carvana
- negative earning/FCF for past 3 years
- Listerine royalties (link)
- Trade secret could have perpetual royalty right
- Political chips (link)
看過去5-8年ROE是否穩定 配得出現金 (低盈再率+高配息) 產業地位不變 (產品不變+高市占/會變+多角化) 公司要夠大 (常利大於5億元，上市櫃滿2年) 老闆要有誠信 (董監持股至少10%) 僅供參考
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