(Not) boring finds for April 2016
Our team comes across hundreds of weird and wonderful reads in our daily research. Below are the handful that stood out for us last month.
The Art of Boring™ was created for curious and passionate investors. We share strategies, frameworks, and insights to help readers and listeners make better investment decisions. Our aim? To provide some bottom-up, long-term investing signal to cut through the short-term noise.
Our team comes across hundreds of weird and wonderful reads in our daily research. Below are the handful that stood out for us last month.
Growing up in post-Soviet Kazakhstan and later Russia, Stanislav received an education in money that would seem alien to North American children.
Two thousand years later, many of Seneca’s ideas still provide readers with relevant and practical life lessons.
At Mawer, we spend a great deal of time asking and answering the question: So What?
Our team comes across hundreds of weird and wonderful reads in our daily research. Below are the handful that stood out for us last month.
One of the most important survival tricks when travelling in China was to have toilet paper with me at all times.
At Mawer, we spend a great deal of time asking and answering the question: So What? A company’s share price is down 6%...so what? A central bank moved interest rates up…so what?” Google re-named itself Alphabet…so what?”
The flavour in strawberry yogurt is an example of a business model that is often wealth-creating: a keystone business.
Our team comes across hundreds of weird and wonderful reads in our daily research. Below are the handful that stood out for us last month.
Every year, our team pulls together a list of books that influenced our thinking in the previous year.
Stock markets have been jittery lately.
Every year our team devotes a couple of our regular Wednesday morning meetings for reflection on the year that has passed.
Our team comes across hundreds of weird and wonderful reads in our daily research. Below are the handful that stood out for us last month.
Growing up in post-Soviet Kazakhstan and later Russia, Stanislav received an education in money that would seem alien to North American children.
Two thousand years later, many of Seneca’s ideas still provide readers with relevant and practical life lessons.
At Mawer, we spend a great deal of time asking and answering the question: So What?
Our team comes across hundreds of weird and wonderful reads in our daily research. Below are the handful that stood out for us last month.
One of the most important survival tricks when travelling in China was to have toilet paper with me at all times.
At Mawer, we spend a great deal of time asking and answering the question: So What? A company’s share price is down 6%...so what? A central bank moved interest rates up…so what?” Google re-named itself Alphabet…so what?”
The flavour in strawberry yogurt is an example of a business model that is often wealth-creating: a keystone business.
Our team comes across hundreds of weird and wonderful reads in our daily research. Below are the handful that stood out for us last month.
Every year, our team pulls together a list of books that influenced our thinking in the previous year.
Stock markets have been jittery lately.
Every year our team devotes a couple of our regular Wednesday morning meetings for reflection on the year that has passed.
If a person's legacy is to be measured by his contributions to society, then Lee Kuan Yew ranks among the great heroes.
The Oilers allowed Gretzky to play to his strengths. In the language of our firm, they allowed him to focus on his “Area of Genius.”
When you say yes to doing something you’re not good at, you are also saying no to something you are.
“Just because something isn’t a lie does not mean it isn’t deceptive. A liar knows that he is a liar, but one who speaks mere portions of truth in order to deceive is a craftsman of destruction.”
Our team occasionally uncovers signal in the daily parsing of noise. Since such information can be easily passed over, we thought we’d make it a habit to share some links that we’ve liked recently.
For a country whose population is smaller than that of NYC, the Kingdom of Denmark is getting a lot of press these days.
There is something surreal about cycling alone on a mountain at 3:00 A.M. The trees loom in the darkness, lit only in passing by the lights on your helmet and handlebars.
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help...”
As an avid basketball fan, I have been enjoying the recent success of the Golden State Warriors, who currently hold the best record in the NBA’s Western Conference.
Financial markets function relatively well most of the time; it is only on occasion that markets break, the system goes awry and crises ensue.
Values shape the outcomes of our relationships, careers, investments and society, and therefore, are far too important to leave to chance or camels.
After decades at the helm of global oil markets, OPEC appears to be relinquishing its status as designated “swing producer.”
If a person's legacy is to be measured by his contributions to society, then Lee Kuan Yew ranks among the great heroes.
The Oilers allowed Gretzky to play to his strengths. In the language of our firm, they allowed him to focus on his “Area of Genius.”
When you say yes to doing something you’re not good at, you are also saying no to something you are.
“Just because something isn’t a lie does not mean it isn’t deceptive. A liar knows that he is a liar, but one who speaks mere portions of truth in order to deceive is a craftsman of destruction.”
Our team occasionally uncovers signal in the daily parsing of noise. Since such information can be easily passed over, we thought we’d make it a habit to share some links that we’ve liked recently.
For a country whose population is smaller than that of NYC, the Kingdom of Denmark is getting a lot of press these days.
There is something surreal about cycling alone on a mountain at 3:00 A.M. The trees loom in the darkness, lit only in passing by the lights on your helmet and handlebars.
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help...”
As an avid basketball fan, I have been enjoying the recent success of the Golden State Warriors, who currently hold the best record in the NBA’s Western Conference.
Financial markets function relatively well most of the time; it is only on occasion that markets break, the system goes awry and crises ensue.
Values shape the outcomes of our relationships, careers, investments and society, and therefore, are far too important to leave to chance or camels.
After decades at the helm of global oil markets, OPEC appears to be relinquishing its status as designated “swing producer.”
A deep dive into the themes, fundamentals, and opportunity sets in the payments industry.
The impacts, risks, and potential opportunities from the COVID-19 crisis fallout on the Canadian small cap universe, and why valuations are ultimately a “blunt tool.”
A review of the quarter: a significant rebound in markets, the potential impacts of continuous monetary and fiscal stimulus, and deglobalization.
Why the current market environment “feels like 2030 is happening in 2020,” our perspective on the recent market recovery, and more.
The implications of cloud migration for enterprises, investors, and business models.
Why the strategy was created, how it was launched, and some holding examples.
Deputy CIO Christian Deckart discusses natural contradictions in the portfolio and how the team plays “intellectual best ball.”
Exploring the why behind the FAANG’s outsized stock returns and the overall challenges of valuating tech companies.
CIO Paul Moroz weighs in on recent movements in the market and how we may have “crossed the Rubicon” with respect to direct fiscal stimulus and are perhaps seeing the “collapse of the bond standard.”
Lead portfolio manager, Grayson Witcher, discusses how the team is positioning the portfolio amidst the current uncertainty.
A review of the quarter: how we’re positioning our portfolios and what investors should keep in mind during these volatile times.
CIO, Paul Moroz, answers clients’ most frequently asked questions during these extraordinary times.
A deep dive into the themes, fundamentals, and opportunity sets in the payments industry.
The impacts, risks, and potential opportunities from the COVID-19 crisis fallout on the Canadian small cap universe, and why valuations are ultimately a “blunt tool.”
A review of the quarter: a significant rebound in markets, the potential impacts of continuous monetary and fiscal stimulus, and deglobalization.
Why the current market environment “feels like 2030 is happening in 2020,” our perspective on the recent market recovery, and more.
The implications of cloud migration for enterprises, investors, and business models.
Why the strategy was created, how it was launched, and some holding examples.
Deputy CIO Christian Deckart discusses natural contradictions in the portfolio and how the team plays “intellectual best ball.”
Exploring the why behind the FAANG’s outsized stock returns and the overall challenges of valuating tech companies.
CIO Paul Moroz weighs in on recent movements in the market and how we may have “crossed the Rubicon” with respect to direct fiscal stimulus and are perhaps seeing the “collapse of the bond standard.”
Lead portfolio manager, Grayson Witcher, discusses how the team is positioning the portfolio amidst the current uncertainty.
A review of the quarter: how we’re positioning our portfolios and what investors should keep in mind during these volatile times.
CIO, Paul Moroz, answers clients’ most frequently asked questions during these extraordinary times.