Track Record of Identifying Rare Wealth CreatorsTrack Record of Identifying Rare Wealth Creators

Blogs

September 26, 2026
a Document with a Magnifying Glass over a Highlighted Line in the Notes to Accounts

The Small Print Nobody Reads: Why the Notes Behind a Company’s Numbers Matter

Why the footnotes behind a company's profit number often matter more than the number itself, and three simple habits for reading them well.
September 25, 2026
Hero Banner with Logo Top left Title when More Growth Makes You Poorer and Subtitle About Growth Costs Bottom right Shows a Four bar Chart Labeled capital In and value Lost in Beige to Brown Bars

When More Growth Makes You Poorer: Why Growth Only Counts When It Earns Its Keep

Value Investing Basics There is a bakery two lanes from my house that makes one thing well: a plain butter biscuit, sold loose by weight. Two […]
September 24, 2026
Cover Illustration a Vegetable Cart with a Few Unsold Bundles Under a Fading Evening Sky Beside a Hardware Shop with Its Shutter Already Down Under the Words Some Stock Can Wait Some Cannot

The Cart That Must Be Empty by Nightfall: How to Judge a Business Whose Stock Cannot Wait

Two shops on the same street close at the same hour. One of them can lock the shutter and lose nothing. The other must sell before dark or watch the day’s stock turn into rubbish. That single difference quietly decides how much of the profit either business gets to keep.
September 23, 2026
Cover Illustration a Single Lit Shop Counter Standing Inside a Large Building with a Closed Gate Beside It and a Queue of Applicants Outside Under the Words One Permission One Shop

The Only Chemist Inside the Hospital: How to Judge a Business Protected by a Permission Others Cannot Get

Some businesses keep competitors out by being better. Others keep them out by holding a piece of paper nobody else can get. That second kind is the most flattering advantage in business — and the one most worth reading carefully, because the hand that grants it can also take it back.
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