Peter Bernstein’s Checklist for “Growth Companies”
How to separate growth stocks from growth companies. A checklist for 64 years ago that still holds up today.
Intangible Value: A Sixth Factor
The 6th factor in investing, Intangible Value.
A way to overcome the anti-innovation issue with the traditional value factor.
Interview with David Kim a.k.a. Scuttleblurb (2025)
I’ve been a long-term subscriber to Scuttleblurb — on his original website too — and I love these annual interviews Liberty does with him on the state of financial newsletters and how his publishing business is doing.
Prof. Meir Statman: Financial Decisions for Normal People
A great talk with behavioral finance professor Meir Statman. I liked the part around 21 minutes when he talked about the behavioral bias behind the demand for dividends and why it’s Ok if it’s an “irrational” choice.
The Hidden Stories of ‘Big Short’ Investors Who Made BILLIONS
I didn’t know that Greg Lippman, who Gosling’s Jared Vennett is based on, went on to start a structured credit and derivatives hedge fund, LibreMax. I think it has $11 billion in assets now.