Today everyone is fretting about inflation and the potential for a recession. Trying to decide on the outlook for these macro-economic things can be a distraction.
Inactivity strikes us as intelligent behavior
I find it better to analyze a company’s cash flows, maintenance capex, growth capex and free cash flow in real dollar terms and measure them against the true value of the capital management has use of
You should wish your earnings to be reinvested if they can be expected to earn high returns
“If you can look into the seeds of time,
And say which grain will grow and which will not,
Speak then to me.”
The small picture is its specialist technical, engineering, construction and operational skill and economic performance
Today the Millennial generation is engaged in earning, saving and investing.
Economic performance focuses on effective use of the capital invested in the company
Is buying with a margin of safety really the closet practice of market timing?
No company under consideration will even be close to scrambling to pay its creditors.