Long-form essays on value investing, AI-driven research, the four investor lenses, and how to read a 10-K. Updated whenever we have something worth saying.
October 2026 numbers for 5 to 30 years, with and without dividends, after inflation, and what happened if you bought at the worst possible moment.
$1,000 invested in the S&P 500 20 years ago is about $8,400 today with dividends reinvested, or $5,700 without them. Full table for 5 to 30 years, after inflation, and the worst-timing cases.
8 min, 6 Oct 2026
To live off dividends, divide what you spend in a year by the dividend yield. $1,000 a month at a 4% yield needs $300,000. Here is the full table, real 2026 yields, and the risks.
8 min, 6 Oct
What is intrinsic value? It is what a business is really worth, based on the cash it will make. Here is the plain-English version, with Adobe and Apple worked out from their own filings.
10 min, 6 Oct
SCHD is the Schwab US Dividend Equity ETF. $94B AUM, 0.06% expense, 3.26% yield, 13.2% annualised return since 2011. Here is what the methodology actually does, what changed in March 2026, and where SCHD fits.
13 min, 4 Jun
Waymo stock does not exist as a standalone listing. The company is a subsidiary of Alphabet, last valued at $126 billion in February 2026. Here is what to buy instead — and what the math actually says about that price.
13 min, 4 Jun
ULTY dividend history shows an advertised 111% yield but a 2.15% annual return since inception. The fund did a 1-for-10 reverse split on December 1, 2025. Here is what holders actually own.
12 min, 4 Jun
MSTY dividend history shows a 269% advertised yield but a -56.73% trailing 12-month total return. Here is the exact distribution log, what is wrong with the headline yield, and the only situation where MSTY is the right tool.
11 min, 4 Jun
SpaceX latest valuation 2026 is $1.77 trillion at $135 per share. Nasdaq listing June 12. Here is the trajectory, the Starlink revenue that built it, and the cleanest retail routes in.
12 min, 4 Jun
VOO vs VTI: same expense ratio, near-identical top holdings, 99% correlated returns. Pick one. Here is which one Buffett would pick, and why.
12 min, 4 Jun
The best stocks for beginners with little money are not stocks at all to start with — they are three specific low-cost ETFs and one Buffett-approved holding company, in that order. Here is exactly what to buy and how.
15 min, 4 Jun
Anthropic valuation hit $965 billion in May 2026 on $47 billion of run-rate revenue. The exact tally, who owns what, and the cleanest way to get retail exposure before the IPO.
14 min, 4 Jun
Warren Buffett sells bank stocks for boring reasons — valuation, interest rates, and tax timing. Here is the exact tally and what retail investors should do.
12 min, 4 Jun
Why is Tesla stock going down? The five real reasons any stock drops, which apply to Tesla, and what retail investors should actually do.
10 min, 31 May
Does Tesla pay dividends? The short answer, why Tesla doesn't, what the company does with cash instead, and what it means for a retail investor.
8 min, 31 May
What is a good P/E ratio? Plain-English answer with concrete thresholds by sector, the traps to avoid, and worked examples from real stocks.
9 min, 31 May
Is Tesla overvalued in 2026? A plain-English answer, the simple math behind it, and what would have to be true for $435 to be a fair price.
8 min, 31 May
Is Tesla stock a buy in 2026? The five-question framework run on Tesla's FY2025 10-K, the bull/bear case, and an honest verdict at $435 a share.
9 min, 31 May
How to read stock charts in plain English — the four basics, what charts can tell you, what they can't, and how to actually use one as a beginner.
9 min, 31 May
Why is Nvidia stock going down? The five real reasons any stock drops, which ones apply to Nvidia, and what to actually do as a retail investor.
8 min, 31 May
Is Nvidia overvalued in 2026? A plain-English answer, the simple math behind it, and what would have to be true for $211 to be a fair price.
8 min, 31 May
Is NVDA stock a buy in 2026? The five-question framework run on Nvidia's FY2026 10-K, the bull/bear case, and an honest verdict at $211.
9 min, 31 May
Is Nike stock a buy in 2026? The five-question framework run on Nike's FY2025 10-K, the bull/bear case, and an honest verdict at $46.
8 min, 30 May
How to value a stock for beginners — three valuation methods explained in plain English, with a worked Procter & Gamble FY2025 example.
13 min, 30 May
How to know if a stock is a good buy — the five-question checklist with concrete thresholds, and a worked Starbucks FY2025 example you can verify.
15 min, 30 May
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