Insights

While I hope that ASimpleModel.com becomes an integral part of anyone’s learning process, I believe that learning this skill set requires exposure to multiple sources. For that reason I am posting a list of resources. These resources have been picked using the collective findings of many internet searches, and commentary on sites like Reddit and Quora. For the time being I am including three categories: Free Resources, Books and Paid Programs.

Jon Gattman, who I’m privileged to say is a cool friend, is in the process of launching Cloverdale Capital, a Dallas-based, value focused long/short equity hedge fund. He has capital committed, and the fund is set to launch in October of this year. Everything is lined up with one exception: junior talent.

The image above is a screenshot from Google Analytics showing activity by country since I launched the website one year ago today on the 4th of July. It has been awesome to see the site move across the globe.

I wanted to share two passages that touch on a recent post, and add some heavy-hitter commentary advocating contrarian thought and concentrated investing. The first is one of Howard Marks’ favorite interview questions (or riddles), which he claims has never been answered correctly:

As an investor I believe value investing is the only kind worth any trouble, that highly concentrated portfolios provide an advantage, and that time horizon should be massively flexible with a long-term focus. Generally, however, I find that these principles are rarely mentioned in the context of investing in Internet-related businesses or other technology-focused sectors. For that reason I enjoyed a recent article in Barron’s that profiled Mario Cibelli, the founder of Marathon Partners. According to the article, Cibelli “likes companies with disruptive, usually Internet-based business models that have the potential to change industries.”