Value, growth at reasonable price, small-cap, long-term horizon

Munger's Gambit: The Daily Journal Corporation - Here's What You Need To Know

What A Difference A Year Makes...

Almost a year ago exactly I happened upon an odd little company. It was small - around $100 million in market capitalization. It was illiquid, trading no more than several thousand shares a day. It was engaged in what I thought at the time to be a dull, boring business. It's balance sheet was also something that I could barely believe - th...

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