Another due diligence question: how do you evaluate investments after you’ve made them to make sure they remain smart investments and shouldn’t be changed? Procedurally, I follow a lot of the same tactics for ongoing due diligence as I did for evaluating a business upfront: I talk to management, process relevant SEC filings, review earnings reports, talk to other investors, listen to what the company is saying and to what competitors are saying as well, and so on. The real qu

Almost any set of economic conditions – including inflationary environments – are going to produce at least some winners. Who is poised to benefit from the inflation we’re seeing now? To determine what businesses might benefit from inflation, we need to ask what kind of inflation we’re talking about. The inflationary environment of the 1970s, for example, was very different from what we have today. Then, we had an economy heavily based on fossil fuels with a lot of tension wi

Over the past few months, the Federal Reserve has struck a very different tone in its comments and actions from the previous couple of years. The Fed seems to view inflation as a serious threat and is planning a campaign of raising interest rates. What can expect out of the Fed over the rest of the year? The Fed is now ending a long period of highly accommodative economic policy. The Fed is concerned enough about inflation that it’s effectively ending a long period during whi