There's a company in Sydney that makes the software local councils use to approve your building permit, the system federal regulators use to track compliance, and the platform 18,500 Scottish Government workers use to manage classified documents every day. You've never heard of it.Read more

Microsoft just burned $37.5 billion in 90 days. The stock has lost a third of its value.Read more

There's a particular kind of stock I keep coming back to. It's the one where the entire sector gets hammered by a single headline, "Government Caps International Students," and every listed education company gets dragged to the same gutter.Read more

The Cigar Butt That Turned Out to Be a Full Havana There is a term Ben Graham used to describe beaten-down stocks with one last puff of value left in them: cigar butts. You pick them up off the street, take one free puff, and move on.Read more

There is a small company in Queensland, Australia, that solves a problem most people have never thought about: what happens when the most sophisticated machines on earth generate more heat than they can survive? If you are running a Formula 1 car at 350 kilometres per hour, the engine, turbocharger, and hybrid battery system produce heat that would melt conventional cooling equipment.Read more

There's an old investing adage I keep coming back to: it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. Intuit is, by nearly every measure, a wonderful company.Read more

In 2020, Jack Sinclair did something that most retail executives would consider career suicide. He took a chain of 30,000 square-foot grocery stores and decided to make them smaller.Read more