From Omaha to Italy

This is probably the last article I write in english. The language you use and how you use it make a difference in what you have to say. Communication skills are important. For istance the language of business is Accounting. Its building blocks are numbers and numbers are important to evaluate a company. (Check out…

L’importante è che nevichi (The unflagging desire)

Dear Friends, Partners and Intelligent Investors, La forza di gravità del mercato è la combinazione di due influenze determinanti : l’inflazione e i tassi di interesse. L’azione della FED è volta a frenare l’inflazione (alzando i tassi) e “creando” un accenno di recessione o frenando l’economia americana che ha viaggiato dal 2020 ad oggi a velocità molto sostenuta. La…

Naples, why not?

Wanna move to the Bahamas? Sir John Templeton achieved better results from there for his Fund than the previous 20 years spent living in Wall Street. And what about Aruba or any place in the Caribbean? Well, they are all wonderful and many more we can add to the list. But I always try to…

Boredom is fun

In investing Boredom is fun. True investing or Intelligent Investing incorporates boredom and requires boredom as one of its components. It’s a fact. It is one of its main traits. If you are capable of a sound big decision you don’t wiggle around much. It’s not only the fourth law of motion by Buffett (“For…