Author's articles
Return on Assets is the Hit by Pitch of Investing
By Geoff Gannon · 18 years ago
Despite all appearances to the contrary, this is an article about investing – not baseball. So, to those of you who love reading about investing but hate reading about baseball: don’t be deterred. It’s worth ...
The Logic Behind Technical Analysis
By Geoff Gannon · 18 years ago
Let me first say that I do not now engage in technical analysis; nor, have I ever engaged in technical analysis. I do not believe doing so would be a productive use of my time. ...
Comparing Google's Search Franchise to McCormick's Spice Franchise
By Geoff Gannon · 18 years ago
Google has a competitive advantage. In fact, one might even say it has a franchise in web search. I wouldn’t say that. I mean, Google does have a franchise; but, it doesn’t have a monopoly ...
An Analysis of Overstock.com (OSTK)
By Geoff Gannon · 18 years ago
Why is a value investor writing about an unprofitable internet company? Because value investing is about finding dollars that trade for fifty cents; with a market cap of less than 75% of sales, Overstock.com (OSTK) ...
An Analysis of Lexmark (LXK)
By Geoff Gannon · 18 years ago
In 2005, Berkshire Hathaway bought about a million shares of Lexmark. I haven’t followed this story closely, but I assume the stock was purchased by Lou Simpson rather than Warren Buffett. I have only two ...
Against the Top Down Approach to Picking Stocks
By Geoff Gannon · 18 years ago
If you have heard fund managers talk about the way they invest, you know a great many employ a top down approach. First, they decide how much of their portfolio to allocate to stocks and ...
Is There Really a Magic Formula for Investing?
By Geoff Gannon · 18 years ago
One question almost every investor asks at some point is whether it is possible to achieve above market returns by selecting a diversified group of stocks according to some formula, rather than having to evaluate ...