How to Buy A Stock that Will Drop 50%: Goodyear Tire & Rubber Company (GT) – A No-Moat Company

July 2, 2013 No Moat 0 Comments

Now that we have looked at a great, wide moat companies, See’s, let’s take a look at company with no moat, Goodyear.  The contrast is informative and helps us to understand the appeal of the wide moat business from an…

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See’s Candy – The Prototype of the Wide Moat Company

July 2, 2013 Moats 6 Comments

Buffett often holds out See’s Candy as the prototype of the wide moat company.  What lessons can be learned from this case study? Background See’s Candy manufactures, distributes and sells high quality candy through retail outlets.  These retail locations are…

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Welcome to Punchcard Investing

July 2, 2013 Process 10 Comments

"I could improve your ultimate financial welfare by giving you a ticket with only twenty slots in it so that you had twenty punches - representing all the investments that you got to make in a lifetime. And once you'd…

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