This Made All the Difference
Charlie Munger argues that rationality is defined by the thinking process, not the outcome. He recommends three practical habits—writing, checklists, and community engagement—to sharpen decision‑making in investing. The post frames these tools as ways to consistently outperform the market over the long term. By adopting disciplined routines, investors can mitigate bias and improve compounding results.
Kingsway: A Different Type of Serial Acquirer
Kingsway Financial Services has launched a publicly‑traded vehicle that mimics the high‑return search‑fund model, allowing retail and institutional investors to participate in serial acquisitions. The firm targets lower‑middle‑market companies, buying them outright or taking controlling stakes, then applying operational expertise...
How To Mentally Handle Tough Times
Investors often struggle when markets underperform, prompting a need for mental discipline. The article outlines a practical framework to help investors stay focused during drawdowns, emphasizing acceptance, analysis, and decisive action. By applying these steps, investors can avoid emotional pitfalls...
TransDigm: Mini-Monopolies at 30,000 Feet
TransDigm Group has built a portfolio of niche aerospace components that function as mini‑monopolies, giving the company strong pricing power and margins above 30 %. Its aggressive acquisition strategy—over 30 bolt‑on purchases in the last ten years—has driven compound earnings growth...
