Our investment process is both qualitatively and quantitatively intensive. Throughout the course of a year we look at hundreds of companies. Most of them receive only a cursory look – we don’t like the business, the valuation is too stretched, or we simply have no insight into the business. We usually glance at them and…
I don’t run, I don’t lift weights, and I don’t frequent a gym. I admire those who do, but that’s not for me. In the summer I ride a bicycle to work; in the winter my kids and I ski. Alpine skiing is probably the laziest winter sport ever invented — gravity takes you down,…
One of my brightest childhood memories is of skiing. I spent my childhood in Murmansk, a port city up in northwest Russia (located above the Arctic Circle). Incidentally, it was the birthplace of the fictional submarine Red October from the movie The Hunt for Red October. On Sundays, my family – my father and mother,…
My presentation at Value Investing Congress in Las Vegas in 2013