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Today’s gem is a snippet from James Clear’s newsletter on lucky opportunities: I have a saying that’s relevant to this: in order to be at the right place at the right time, you need to be in a lot of places all the time. I’ve had many lucky opportunities throughout […]

This week’s gem is an article about Thomson Newspapers. It’s a fascinating read, and a mandatory one for anyone invested in a compounder company, such as Constellation Software. Thomson Newspapers is what the end state looks like. Let’s dive in… but first, a quick note from our sponsor: It’s 2023, Why […]

This week I was at the Enduring Ventures shareholder summit in Miami. I want to thank both Sieva and Xavier (give them both a follow!) for putting on a great event. And also for inviting me to do a fireside chat on my favourite compounders and lessons we can learn from them. I figured […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by Atlasview Equity B2B Business? Looking For A Capital Partner? Whether you’re looking to sell & retire, or need capital to help you execute M&A, Atlasview […]

I’ve been writing for 10+ years now. I started with long-form writing on my blog. I’d write whenever I felt like it, on topics related to business, entrepreneurship and investing. I’d probably only post something 3-4 times a year, and had virtually zero audience. But around 3 years ago, I […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Today’s gem is this chart which shows how rare sustained revenue growth is: Growth is hard. There are several reasons why it’s rare for a company to […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Today’s gem is this anecdote from Howard Marks on long run vs short run investment performance: Incredible (and accurate) framework. The key to extraordinary returns over the […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Today’s gem is this calculation of maintainable free cash flow, and this thread by SecretCFO where he breaks it down: This is a great visualization of the distinction between: […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Today’s gem is this excerpt from Nassim Taleb on banks & negative optionality: Given the recent events, the sentence “banks lose periodically every penny made in their […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by Tegus​ It’s simple, inefficient investor workflows hamper opportunities. Stop wasting time and energy searching for the information you need and start with the data everyone else […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by Tegus​ It’s simple, inefficient investor workflows hamper opportunities. Stop wasting time and energy searching for the information you need and start with the data everyone else […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by Tegus​ Are you tired of digging for reliable qualitative insights? Stop wasting your energy and time searching across disconnected sources or paying exorbitant expert […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by Tegus​ Are you tired of digging for reliable qualitative insights? Stop wasting your energy and time searching across disconnected sources or paying exorbitant expert […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by Tegus​ Are you tired of digging for reliable qualitative insights? Stop wasting your energy and time searching across disconnected sources or paying exorbitant expert […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by Tegus​ The modern research platform for leading investors, Tegus’ ecosystem combines at-cost, on-demand expert calls with a 55K+ transcript library; quantitative financial workflows to […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Today’s gem is this book excerpt which highlights profits from the leveraged buyout of Gibson, a greeting cards company: To provide more context: Wesray Capital […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by DealFlow​ Are you looking for small biz acquisition opportunities? If so, you should check out the DealFlow newsletter. Each week, they share a curated […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by TIKR​ TIKR is the best tool I’ve ever used to discover, analyze & research stocks. Their dataset is institutional-grade and the user interface is […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by TIKR​ TIKR is the best tool I’ve ever used to discover, analyze & research stocks. Their dataset is institutional-grade and the user interface is […]

NOTE: this was a past issue of my weekly newsletter, Timeless Gems. Join my free mailing list so you don’t miss out on future issues. Sponsored by TIKR​ TIKR is the best tool I’ve ever used to discover, analyze & research stocks. Their dataset is institutional-grade and the user interface is […]