Summary: Moat, the competitive advantage a company has against its competitors, is crucial to its long term success. Snapchat does not have a strong moat and it is currently under attack. On the other hand, by copying Snapchat, Facebook has put itself in a win-win situation . One of the most important things in investment is the […]

Last night when the market was closed on London’s and New York’s floors, the voters in UK decided… to withdraw the nation’s membership from European Union. Obviously as we saw, GBP, stocks, and oil are in free fall; but what does this mean? Here is a brief analysis of the risks in the current global economy, […]

The biggest tech deal since the 2000 dot-com boom (namely Time Warner & AOL) : Microsoft all cash deal to acquire LinkedIn at 26 billion dollars. The deal can spell a horrendous future for Microsoft shareholders. For one, LinkedIn is not in the software business. It will not complement, in any way, to Microsoft’s core […]

I recently wrote two articles about Valeant Pharmaceuticals. After considerable amount of research, my thesis is set to be extremely bearish on Valeant. With the pressure to reduce the drug prices, the company will not be able to generate enough cash flow to pay off its astronomical amount of debt. Today, the company dropped by […]

After coming back from my Christmas Vacation, I was doing a screening on Bloomberg when a company with excellent to perfect numbers simply jumped out of the monitor and caught my attention: Michael Kors. Two days later, after a bit further research, I was fully convinced that this here might be one of the best investment opportunities […]

Have you ever wondered how the valuation of an asset actually works? How do we know how much exactly to pay for a share of company XYZ? Many professionals will make up sophisticated theories to answer these questions. However, few of them actually possess the most basic level of understandings. In fact, the current market […]

Today, all the news about Valeant are reporting that Valeant received a takeover offer from Takeda Pharmaceutical Co. and TPG, which was then rejected by Valeant. The stock soared since obviously someone else is valuing the company at a takeover offer, it must be cheap… However, even if that is true, the story does not sound […]

One of the questions that I am most asked is “Why does a regular retail investor, like mom and pop, who trade a few hundred shares at most at once, have the upper hand against a hedge fund manager who can call up CEO’s and manage billions of dollars?” I will explain that here. If […]

I have been wanting to write this for a long time, now it is time. Running companies is difficult. It resembles the world of nature. Many are competing against you and none cares about you. Therefore, I never want to completely take credits away from a management or a company. Tough times come and go […]

The Intelligent Investor is probably the most impactful and everlasting book ever written about investment. The book was authored by Benjamin Graham firstly in 1949. Multiple editions were published later by Graham himself. Graham was mostly known to be the teacher of Warren Buffett. Buffett recalls picking up a copy of The Intelligent Investor when he was […]