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Tag: investing

Negative Equity: Is it Bad?

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This is a guest post from Ney Torres, with whom I had an interesting email exchange as we tried to figure out why Home Depot had negative equity. Is negative equity bad? Most of the time, yes! But not always. In fact, having negative equity can be a sign of an excellent company. It took […]

The ultimate guide for your financial milestones

financial milestones

Everybody wants to achieve financial wellness. Having the capability to give comfort to your loved ones or the feeling of being able to deal with all of your expenses seamlessly is undoubtedly a feat that every person wants to accomplish. But, just like any other task that deals with the complications of money, achieving it […]

Old School Value Nugget Fest (Dec 12th Edition)

Old School Value Nugget Fest (Dec 19th Edition)

Hope you’re enjoying the start to winter so far. On the blog, we published a piece we worked on with one of our readers, Ney Torres, asking whether negative equity is bad. Depending on how much time you have, I highly recommend the piece by Aswath Damodaran and the interview with Vitaliy Katsenelson this week. […]

Black Edge

Black Edge

This post is taken from a section from Saber Investment Fund’s Q3 investor letter. To join Saber’s distribution list, please use the signup form on this page. I often get asked the question, “what is your edge”? The question comes up so often, and I feel like there is such a misunderstanding around what edge is and […]

Old School Value Nugget Fest (Dec 19th Edition)

Old School Value Nugget Fest (Dec 19th Edition)

As we head into the holidays, this will be the last nugget fest of the year. I hope you get to enjoy some time off for family and reflection. I know I will! Best,Mike Gurus Introduction to the Essays of Warren Buffett: Lessons for Corporate America by Lawrence A. Cunningham [SSRN] This is Professor Cunningham’s […]

Warren Buffett 1997 Email Exchange on Microsoft

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I recently came across an interesting email exchange from a time when email was still in its infancy. The exchange was between Warren Buffett and a 39-year old Jeff Raikes, a high-level Microsoft employee. The email references “Bill G”, and after some small talk, it gets into a pretty interesting outline of Microsoft’s business model, […]

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