I have been doing research on another company over the weekend and to my surprise I have found it to be undervalued by at least 30%, which is my required minimum margin of safety, and a hurdle that has been hard to clear this year.
The company is a micro cap with daily volume of around 2,000 shares being traded, it is profitable, has decent margins, and looks to have at least minor sustainable competitive advantages up to this point in my research. The company appears to be very promising thus far and I have been continuing my research by reading every annual report since 1999 and looking into its competitors. I hope to have an update as soon as possible and until then will be posting links.
How I learned A Language In 22 Hours. I have always wanted to learn a language and after reading this article I decided to try out Memrise. After only an hour or two, I can already recognize more than 100 Chinese words, committed them to my long term memory, and have been learning how to say them. I am enjoying this site immensely so far and would highly recommend the site to anyone looking to learn a language.
Over the next several days I will be posting links that I have been learning from over the last several weeks while I was researching and writing my Jack in the Box article that I think contain some insight.
I am also in the process of finishing up Moonwalking With Einstein and searching for another company to research and will update you when I find another company to look into.
This first article from Y Combinator is written by Charlie Munger and contains his thoughts on a wide assortment of things that he relates to his dealings in the business world: Psychology, valuation, how he and Buffett think about some of their investments, sports, math, specialization, and many other things.
I am going to post this article by itself because it is absolutely amazing and contains a myriad of insights and valuable knowledge in my opinion and it is pretty long. I hope you enjoy.