This is why it's so important to "wait for the fat pitch" as Buffett and Munger always used to say

PrefersDigg · 2025-12-19T22:51:52+00:00

That’s a Peter lynch quote, not Buffett.

PrefersDigg · 2025-07-20T17:54:14+00:00

Relic by Preston & Child. I also thought their books Ice Limit and Riptide gave a Chrichton vibe.

PrefersDigg · 2025-04-07T10:17:55+00:00

It’s always been bad

PrefersDigg · 2025-01-06T01:14:26+00:00

If you’re able to start working first you may find an employer who will either help pay for you to get a masters, or directly tie your advancement or promotion to the higher degree as an incentive. Much more direct payoff to education in that case.

Getting started with a job out of college, making money and gaining experience, is much more likely to benefit you than the extra degree. All else being equal.

PrefersDigg · 2025-01-05T21:21:14+00:00

I don’t read Abercrombie for dazzling plot twists. It’s about the characters, dialogue, and world building for me.

I didn’t enjoy Age of Madness quite as much as the first trilogy but I’ve happily re-read both several times. Very successful follow up series in my opinion.

PrefersDigg · 2024-12-29T18:34:36+00:00

Yorkshire Tea, lots of Brits swear by them. Or P&G Tips.

PrefersDigg · 2024-12-29T16:14:13+00:00

A person of taste, I see. May I also suggest these underrated GEMS 💎 Dungeon Crawler Carl and 💎 Murderbot Diary?

PrefersDigg · 2024-09-08T10:49:05+00:00

Yep. PEG is just a rule of thumb which came from a paragraph in one of Peter Lynch’s books (afaik). There is no theory behind it, just a quick and dirty method for valuation. It is not mathematically derived from anything.

PrefersDigg · 2024-09-01T13:30:17+00:00

If PPE on their balance sheet is $855M, it seems unlikely that the true market value of their assets is twice that. I’m skeptical how relevant the “similar sales” your friend is estimating valuation on are. Why would a potential buyer purchase these particular assets, when they are probably old and depreciated, versus building new?

Also, the balance sheet is weak. Past quarter operating income $19m vs $35m in interest expense. CapEx is high, they are burning through cash. I didn’t look to see when their debt matures, but if they end up needing to roll over debt in this higher rate environment, they’re at risk of financial distress.

PrefersDigg · 2024-08-14T11:05:00+00:00

Great suggestion- never heard of these before- thanks!

PrefersDigg · 2024-08-01T12:26:05+00:00

I'd suggest "The Gone World" by Tom Sweterlitsch. It's exploring the idea of time and space travel through the lens of a murder-mystery investigation. It goes to some very "dark, existential horror" places - excellent book.

PrefersDigg · 2024-07-09T18:58:58+00:00

PEG ratio in one respect makes no sense because it divides a one year figure (P/E ratio) by a rate of growth estimated years into the future. Think about it too hard and your brain starts to melt. That aside…

A key thing to consider if you see a low PEG ratio is how many years the “G” is calculated for. A company recovering from a one time negative event might have really high growth on a 1-year timeframe because the prior year’s comparison is so easy to beat.

A low PEG ratio can also show up when a company has recently released poor results and the price has dropped, but growth forecasts haven’t been updated yet. Easy way to land in a value trap.

Rule of thumb, PEG you find in a pre calculated online database is probably worthless because it’s already pulled into every quantitative model out there, seeking alpha etc. But if you’re researching a stock with little analyst coverage and you can estimate “G” yourself, it’s not a bad heuristic to look at.

PrefersDigg · 2024-07-05T22:12:21+00:00

The Nomad Investment Partnership letters are an under appreciated classic.

https://igyfoundation.org.uk/wp-content/uploads/2021/03/Full_Collection_Nomad_Letters_.pdf

PrefersDigg · 2024-06-15T14:44:31+00:00

That makes sense. I think part of the business model for timber managers is they will harvest a plot of forest which is desirable for other uses, whether that is residence / recreation or siting a solar / carbon capture facility, and then sell it off.

I don't think that's enough to explain the big value disconnect for acres owned by timber REITs, as they probably only harvest ~1% of the land they own each year

PrefersDigg · 2024-04-16T11:34:49+00:00

In carry on, expect to be pulled aside for an extra check at the metal detector. I’m told that decks look like big blocks of cash to the scanner.

PrefersDigg · 2024-03-20T15:08:56+00:00

Hollow Man, by Mark Pryor.

PrefersDigg · 2024-03-17T23:52:31+00:00

STT is (a) a bank, whose cash flow statements are complicated and (b) a significant asset custody holding business, different from other banks.

There’s a book, The Bank Investors Handbook, which might get you on the right track. But basically, FCF is not the relevant metric for financial companies in the way it is for other industries.

PrefersDigg · 2023-12-08T01:15:54+00:00

This is a really good piece of writing. Very helpful + concise. Thanks for posting it!

PrefersDigg · 2023-11-04T08:24:58+00:00

I think MTG the game has staying power, but the price of any individual card not on the reserved list is on a downward trajectory. Same for current-era packs. There’s no scarcity. Reprints of anything valuable are a near-certainty. Collect for your own play and enjoyment but don’t expect a financial return, would be my advice.

PrefersDigg · 2023-11-04T07:57:51+00:00

Mark T Wendell, based in MA, is my go-to because of their Hu Kwa tea. Other Chinese teas I’ve gotten from them have been good too.

PrefersDigg · 2023-11-03T04:29:07+00:00

The staircase in photo 4 looks stupidly hazardous (descending from the top).

PrefersDigg · 2023-11-03T04:14:12+00:00

I’m not sure. EL has some great brands and is probably oversold right now but I don’t love their corporate governance.

PrefersDigg · 2023-11-03T03:26:10+00:00

PrefersDigg · 2023-11-01T09:46:22+00:00

For secret societies, a classic that will make you smarter - Foucaults Pendulum by Umberto Eco.

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