John Deere Stock: Should Farmers Buy It?

An interesting approach to individual stock selection involves looking at businesses that are indispensable to your career’s successful functioning.

If you work in HR, you have probably relied upon the services of Automatic Data Processing to assist with payroll and other employment-documentation needs. Lo and behold, ADP has a historical track record of 14% annual returns going back decades. It was one of the few companies to maintain a bond rating of AAA, only losing it a few years ago when it embarked on a stock repurchase binge.

If you manage an ice cream shop, you might have noticed how ubiquitous Mars Candy and Hershey toppings are for nearly every product, and have … Read the rest of this article!

My Dear, Albert Camus Could Flat Out Write


My dear,

In the midst of hate, I found there was, within me, an invincible love.

In the midst of tears, I found there was, within me, an invincible smile.

In the midst of chaos, I found there was, within me, an invincible calm.

I realized, through it all, that…

In the midst of winter, I found there was, within me, an invincible summer.

And that makes me happy. For it says that no matter how hard the world pushes against me, within me, there’s something stronger – something better, pushing right back.

Truly yours,

Albert Camus

Originally posted 2014-03-08 20:48:30. Read the rest of this article!

Luckin Coffee IPO: Here We Go Again

Benjamin Graham argued that a long-term investor will almost never participate in an initial public offering (IPO) because the animal spirits that are triggered by the IPO will almost never coincide with sensible pricing. Warren Buffett elaborated on this concept by saying that, if there are over ten thousand publicly traded companies in the world, the odds that the best deal out of any of them is the company going public is extremely slim. I think he went even further and said that he has never before invested in an initial public offering on behalf of Berkshire Hathaway.

I have been close attention to Luckin Coffee, the Chinese-based coffee startup that is opening … Read the rest of this article!

Walter Schloss: Learning From The Master

Walter Schloss is on the short list of the most interesting investors I’ve ever studied on Wall Street. He worked under Ben Graham himself, and struck out on his own once he saw the outsized attention that Warren Buffett was receiving under Graham’s tutelage and realized that his best life outcome would result from striking out on his own rather than living under the shadow of what would become the most high-profile investor that the world had ever seen.

Schloss developed an offbeat investment strategy that consisted of buying gobs of cheap stocks (at one point, he owned several hundred stocks in his partnership, causing Warren Buffett to joke that his favorite story … Read the rest of this article!

The Kelly Blazek Kerfuffle, Walt Disney, And Second Chances


Add this to the list of things I’ve been thinking about but haven’t reached a conclusion—whether the “fall” of Kelly Blazek is a good thing or a bad thing for our civilization.

For those of you who haven’t followed the news: Kelly Blazek is a professional woman in Cleveland, OH that runs a job bank with over 7,000 contacts. For most of her life, she has enjoyed an impeccable reputation for helping job seekers find work and for being someone whose job has truly improved the welfare of others. Although, until a week ago, 99.99% of Americans did not know who she was, she could go to bed at night knowing that her … Read the rest of this article!