Articles

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PNJ hit the price I said I would buy at. I still haven't bought.
7 min read
PNJ after five limit-down sessions: three questions before I look at the price
8 min read
Value investing when rates are high: lessons from 2008, 2011 and 2022
11 min read
PNJ and the Eight-Year Promise Nobody Charged For
30 min read
Borrowing from the bank to play the stock market
10 min read
PNJ's diamond scandal: is the moat destroyed, or is this temporary?
9 min read
If I were PNJ's CEO
11 min read
The whole diamond industry is closing. PNJ is not allowed to.
7 min read
PNJ: 923 billion in cash, a mountain of inventory, and the buyback move
8 min read
PNJ: three new developments, and a governance question nobody wants to ask directly
5 min read
PNJ and the cash register test: where does a value investor go when Mr Market panics?
6 min read
Graham, ROS and VIC: two kinds of mistake, one margin of safety
5 min read
High interest rates and the value investor
3 min read
Norway's oil fund: a lesson in long-term investing (II)
8 min read
Norway's oil fund: a lesson in long-term investing
8 min read
Fuel prices are up. Don't panic: save, accumulate, wait for the opportunity.
3 min read
What should an investor do when the market panics?
2 min read
The Iran–US war: opportunity or threat?
2 min read
When the world goes to war, markets usually panic
2 min read