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April 24, 2010

The Curse Of Technology


For most of the last two decades, investors have been enamored with technology. I am baffled to understand why. Why do these companies trade at such hefty multiples? Why is there so much excitement? For the most part, technology is an awful business to be in. What’s good about the business? When things are good, there are strong margins, rapid growth phases and a ... Read More
Categories: General
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March 12, 2010

A Trip To The Science Fair…


Green energy is a trend for the future. I always like investments when you can make money and feel good about helping the world as well. However, after years of searching, I still cannot find a way to really invest in the technology. What will be the trend for the future? Even if you knew which method would be dominant, could you profit from ... Read More
Categories: General
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March 7, 2010

Trust Your Gut


I had owned the stock for years. I liked the business, I liked the assets and in particular, I really liked the CEO. He was a hard worker and he had the bags under his eyes to prove it. He lived and breathed his job. I remember seeing him at an industry party with the same bottle of warm beer for hours. He wasn’t ... Read More
Categories: General
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March 7, 2010

Mining-worse than airlines


Quick, what’s the world’s worst investment sector? Airlines? Autos? Biotech? Give up? Junior mining is way worse. Airlines limp on for years in quasi-bankruptcy—so do autos. A few companies like Toyota even do well. Biotech companies sometimes find something interesting. Even if your junior mining company finds something, you still will probably lose money. Junior mining companies span the universe from a guy with ... Read More
Categories: General
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