"Overconfidence is a very serious problem. If you don’t think it affects you, that’s probably because you’re overconfident." Carl Richards
"By the time any view becomes a majority view, it is no longer the best view: somebody will already have advanced beyond the point which the majority have reached." Friedrich Hayek
A legenday investor John Neff died last week. Here is 2002 Barrons cover article: John Neff's History Class. He also published really good book called John Neff On Investing
.Interview with David Samra - He is lead portfolio manager of the Artisan International Value Fund $APAM. He talks about $ABB, $HCMLF, $NVS, $UBS, $CFRUY.
Why Subscription Revenue Is Lifting the Enterprise Software Industry—And Investor Expectations.
While on the subject of technology I highly recommend the book Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You by Geoffrey G. Parker
China, Leverage, and Values - by Ben Thompson
Claude Shannon: How a Genius Solves Problems
Merger Masters - The Art of Risk Arb
Harvard Business Review Disruption Starts with Unhappy Customers, Not Technology
Recently ShadowStock blog had a new post Buffet Would Buy this Specialty Retailer. If you are not subscriber i recommend you do so.
The post was about Tandy Leather Company $TLF.
I like this stock too. I will probably initiate a position in the next few days.
The company has no debt and has cash and cash equivalents of about $17m. The total market cap is about $50m.
$TLF is cash flow positive and there is new initiatives to further improve cash flow.
I do not like to repeat what has already been said in the article so i highly recommend reading it.
Jeff Gramm who wrote the book Dear Chairman
has 30% ownership and i think highly of him.
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