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1950s Buffett Investment - Union Street Railway
Union Street Railway was an early 1950's “cigar butt” investment of Buffett's
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MJS

February 2024

FFD Financial (FFDF) - 4Q23 Update
Small, high-quality bank available at very attractive valuation
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MJS
3
Business Owner Returns & Valuation
A short article on valuation math
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MJS

January 2024

In-Depth Industry Overview - U.S. Franchised New Car Dealerships
Low-margin but (surprisingly) asset-light industry combined with good historical capital allocation
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MJS
4
Warren Buffett in 1980
Excerpts from the The Money Masters
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MJS

June 2023

Todd Combs in Updated Security Analysis Book
Combs provides a unique look into his investment research process
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MJS

May 2023

Trinity Bank N.A. (TYBT)
Top tier one-branch bank in Texas with extremely high quality management team
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MJS
2

April 2023

The Nifty Fifty & Business Quality
A quick article on the importance of business quality
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MJS
TransDigm (TDG) - Another Outsider
Notes from the 50x podcast on TDG and founder Nick Howley
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MJS

March 2023

Industry Overview - U.S. Grocery Business
High-level overview of U.S. grocery industry
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MJS
1

November 2022

Interesting Topics from Berkshire Hathaway Annual Meetings (1994 - 2019)
Posting something a little different. Below are my notes from Berkshire Hathaway’s annual meetings from 1994-2019 (source…
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MJS
1
FFD Financial Corporation (FFDF)
Small Ohio bank with strong business model and cheap valuation
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MJS
1
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