Tag: market-notes
All the articles with the tag "market-notes".
Thesis: Xbox is a good business managed badly
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.
The Alpha and Beta of Everything
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.