Technical Difficulties

Technical Difficulties

This was me for three hours yesterday.

If you follow me on Twitter you know I was having some technical issues on the site yesterday. But for those who don’t I want to let you know why there is no new post today.

On Saturday I wrote almost 900 words for the next post I’m working on. The biggest single thing I’ve written since my book. And I came back to work on it some more yesterday hoping to finish… But all the progress was gone.

I spent the next three hours trying to figure out why and trying to get that content back. But nothing worked. And while my hosting service issue fixed the issue, I couldn’t recover the content.

But not only did I lose ~900 words of content. I also lost three hours of time that I could’ve spent finishing the post.

If you see something not working please let me know so I can fix it. And I’m sorry there isn’t a new post today like there are most Mondays.

I’ll have the post done ASAP, but until then we will continue with the KING case study in the next post.

Weekend Upgrades – Improve How You Think, Invest, and Live #6

Weekend Upgrades – Improve How You Think, Invest, and Live #6

I haven’t done one of these in a while because I’ve posted a lot on Twitter and Quora.  And have written other posts like the Famous Failures series and Who Do You Want To Become?

I’ve been working on my biggest post ever that I hope to have finished by next week.  And finding the next Press On Research pick so we’re back to Weekend Upgrades this week.

Ian Cassel Of MicroCapClub Interviews Professor Sanjay Bakshi – one of my personal investment heroes.  If you’ve followed this blog for a while you know how much I love Sanjay Bakshi’s teachings and how much I’ve learned from him.

Other great things linked in this interview:

If you can’t tell, I think the interview – and all the other links in the interview – are gold.

AB InBev’s Hard Nosed King of Beers Part 1.

AB InBev’s Hard Nosed King of Beers Part 2.

One of my favorite business books I’ve ever read is Dream Big – The Story of 3G Capital.  And Anheuser Busch – owned by AB InBev – is the focus of the articles above.

Malcolm Gladwell On What Makes People Really Disruptive.

Markel Corporation at $800 a Share – Analysis Via Rational Walk.

25 Books That Will Teach You The Most Powerful Leadership Lessons Ever.

How Do People Learn The Fastest.


Don’t forget, if you want to receive three free gifts that will help you evaluate companies faster.  Get all future blog posts. Get future case study information first.  And be entered to win four prizes valued at $100, subscribe at this link.

King Digital Entertainment (KING) Case Study Part 1

King Digital Entertainment (KING) Case Study Part 1

A couple of years ago everyone I knew was always telling me about a game they couldn’t stop playing. Even if I tired of hearing about it, they all told me I had to play it.

I was finally pushed into playing it after months of not giving in when my whole family got sucked into the craze that was Candy Crush.

During the time I played the game, Candy Crush’s creator King Digital Entertainment (KING) was about to IPO on the stock market.

I followed the news leading up to the IPO. But as a rule I don’t invest in IPOs for many reasons. The main one is because IPO doesn’t just stand for initial public offering. To many – including most value investors – it also stands for; it’s probably overpriced.

Just take a quick look at some of the 2.17 million results that came up when searching for the term on Google.

I forgot about the company after I stopped playing Candy Crush.  But last week I asked for your suggestions on what you’d like to research. And Amit wanted me to look into KING.

On a preliminary basis Amit’s KING is a great company to do a case study on.

King Digital Entertainment (KING) Preliminary Info Done on 6/23/2015

The following analysis is the preliminary analysis I do on all companies.

Subscribers to Value Investing Journey and Press On Research have exclusive access to the exact numbers I calculated for KING.  But below is a video highlighting everything I found important about it on a preliminary analysis.

If you want further explanation on anything in this video please go to the following pages.  Aramanino Foods (AMNF) Case Study Part 1 – Preliminary Analysis.  Why the P/E Ratio Is Useless and How to Calculate EV.  And Earnings Yield Explanation Video.

From the limited info above, this case study will continue to the next stage. Where we’ll dig into the financials.

Thanks Amit for recommending KING for the case study.

Exclusive Capital Allocation Notes

Exclusive Capital Allocation Notes

In the end, plenty of unintelligent capital allocation takes place in corporate America. (That’s why you hear so much about “restructuring.”) Warren Buffett

Capital allocation is one of the most important but least understood concepts in all of finance.  And if you understand capital allocation you have a great advantage over investors and entrepreneurs that don’t.

Any chance I get to read about capital allocation I take.  So I was happy to find some new info on it this weekend on Reddit and wanted to share it with everyone.

Michael Mauboussin is the managing director and head of Global Financial Strategies at Credit Suisse.  Author of many books.  And great investment thinker.

He just released his updated findings on capital allocation in the research report: Capital Allocation Updated – Evidence, Analytical Methods, and Assessment Guidance.

This 73 page PDF file is a gold mine by itself.  But this isn’t all I’m telling you about today.

I took notes on the 73 page research report.  And released them exclusive to Value Investing Journey and Press On Research subscribers.  But I didn’t stop there.

If you want to learn more about capital allocation, subscribers also got exclusive access to four of the best things I’ve learned from about capital allocation in the doc released to them yesterday..

And this isn’t all you’ll get when you subscribe either…

Not only will you get the above exclusive content.  But you’ll be entered to win four great prizes.  And get two other free gifts that will help you evaluate companies faster.

At last check, we’re only 12 subscribers away from 200 subscribers necessary to give away $100+ worth of prizes talked about below.

All you have to do to enter to win the $50 AMEX gift card.  The 960 page hardcover copy of Warren Buffett’s favorite biography.  The hardcovers of Pour Your Heart Into It and Good To Great.  Get exclusive subscriber only content.  And your three free gifts that will help you evaluate companies faster, subscribe using the form below.

Who Do You Want To Become?

Who Do You Want To Become?

What do you want to be when you grow up is one of the most asked questions of kids after they hit age 10 in the United States.

Most kids say they want to be doctors, teachers, athletes, or celebrities.  But do any of us really think about what we want to do when we “grow up?”  I didn’t until my wife got pregnant and I had to think about it.

I know people who are almost 30 who still don’t know what they want to do.  So I feel fortunate to know exactly what I want to become…

I want to be great at everything I do.  Including being a dad and husband.  Investor.  Entrepreneur.  Teacher.  Philanthropist.  And world traveler among other things.  And I try to work toward my goals every day.

But there is one thing that stops us from becoming great and achieving our goals.  Adversity.

When many of us hit adversity or fail, we quit or procrastinate.

Not the winners…

The best among us persevere through the hard times.  And succeed because their will demands they succeed.  Not trying is not in their vocabulary.  Nothing else matters except working towards their goals.  Every day.  Every hour.  And every minute they can.

Until they reach their goals.

They still fall along the way… But this only makes their resolve stronger.

Another reason many of us quit when we face adversity is because working toward greatness requires sacrifice.

So… Who do you want to become?  And what are your goals?  Let me know in the comments below.