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The scariest headline of your investing life is actually a bargain.

Halo, Call of Duty, Bethesda, 200 million users, 3% operating margins. Microsoft has some of the best assets in gaming and runs them worse than anyone else could.

Two Greek letters from the dusty corner of finance quietly explain not just investing, but most of a life well lived. Once you learn to see them everywhere, you can't unsee them.

64 years of unbroken raises. A dividend bigger than the company's earnings. Same industry, opposite signals.

It's not a bonus — it's a forced sale with tax, and a quiet confession about what management thinks they can do with your next dollar.

For ten of fourteen years BAC was the better holding. One structural inflection in 2022-2023 changed that. Here's why I think it sticks.

When the premium IS the value.

Eighteen months ago an EV was clearly a premium statement. Today the statement costs less than your Starbucks habit.

Discipline, resilience, and a bet on the people it already has

Do dollar stores have any dollars in them? Five years on, only the Canadian one does. Here's why the next five years probably look the same.

Why Microsoft's $190 billion AI bet may be the riskiest wager in big tech

The sticker price is the smallest number in the deal

Two of the most valuable companies on earth. One responded to the AI era by betting the company; the other kept its powder dry. I think the cautious one is the better value from here — and the last ei…

Most people think investing is a process of making more — or accumulating — money: how much you put in, how much you pull out. I've come to believe that's the wrong unit.