Category Archives: Uncategorized

What’s Amazon Worth?

Here’s a fun thought experiment:  how much would you have been willing to pay for a share of Apple stock 10 years ago, in January 2007?  They’d released the iPod five years before, and the stock had tripled in the … Continue reading

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Remember the Ups and Downs: AAPL

About 15 months ago, I made a large investment in Apple. The original investment was at an average entry price of about $101.74.  14 months later, that position is worth $139.74/share, and is 2.65% larger, due to the dividends paid … Continue reading

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2016 Year in Review

As we finish up 2016, I wanted to take a minute to review my investments. Equity Gain SPGain Annualized vs. SP AAPL 16.95% 18.05% 1.49% DIS 14.29% 5.19% 20.77% UL -12.27% 5.19% -36.58% AMZN 37.90% 19.19% 19.57% SPY 20.54% 20.67% … Continue reading

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Thesis: GM

I recently purchased GM on December 29th, 2016, at a price of $35.25 per share. A few reasons for the purchase. First, from a customer perspective, I think GM is doing things right.  My extended family (my wife and I, … Continue reading

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Effort does not guarantee Returns

Great article today in the WSJ on Steve Edmundson, who manages the Nevada Public Employees Retirement System’s $35B worth of investments. How does he spend his time?  What does he do during the day? Not much, apparently.  In fact, almost … Continue reading

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Investment Thesis: Disney

I recently purchased Disney on August 2, 2016, at entry price of $94.81. Not too many people are saying you should buy DIS these days.  There are a lot of trends that seem to be threatening the business:  the rise … Continue reading

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Bet on Growth

I enjoyed this column recently from Tim Calkins, professor of marketing at the Kellogg School of Management. Professor Calkins contrasts the portfolio strategy of two iconic companies: P&G and Unilever.  In particular, he focuses on the strategies the two companies … Continue reading

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