Blog
Where Do Your Investment Returns Come From? 2025 Year-End Edition
A new year is a chance to start fresh, regardless of the prior year’s up or down return. Let’s examine where returns come from so we can isolate the source of performance and use that to make rational investment decisions going forward.
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A Flower in A Field of Weeds: A Mercado Libre Investment Case Study
Many high-quality businesses are based in the United States, but that doesn’t mean that investors should focus exclusively there. Mercado Libre (Free Market in Spanish) is essentially the Amazon of Latin America...
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Lap 2: Ford vs. Ferrari Revisited
Two years ago, I published the article Ford vs. Ferrari – Brand Power Meets Horsepower and advocated for the long-term ability of Ferrari to compound over time relative to Ford, due to its branding power and corresponding pricing power...
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A Preferred Source of Income
Investors tend to focus on stocks due to their higher return profiles and volatility of results, but preferred stock as part of a portfolio may give a boost to the overall yield.
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The House Always Wins – Investors, Not So Much
Casinos tend to bring out the animal spirits in people – Ferraris in the front drive, bright lights and bells going off, the list goes on, but operating a casino is considerably less sexy than what's portrayed on TV and in movies.
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The Retailer's Playbook: A Tough Industry Simplified
Of the industries in our modern economy, none appear more cutthroat than traditional retail. In this article, Dean Schwefel explores profit margin and asset turnover in the retail sector.
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Ford vs. Ferrari - Brand Power Meets Horsepower
The relative power of branding sounds great, but how does that translate into financials?
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Unforced Errors
The game of tennis is quite a spectacle to watch at the professional level. Tennis at the amateur level is a different story. Professional and amateur investors are both, in a sense, like amateur tennis players...
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What is Quality Worth
Occasionally, I come across a transformational way of looking at investing. I am a big proponent of the “Quality” factor - looking primarily at companies with low levels of debt, positive and growing operational cash flows and earnings.
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