Analytical Skills
Stock-based compensation, dividend analysis, concentration risk, and knowing your sector scope.
Stock-Based Compensation
Why SBC should be treated as a real expense, how non-GAAP reporting can obscure cost structure problems, and when high compensation may be tolerable.
Dividend Analysis
How to evaluate dividends as a capital allocation mechanism, the distinction between distributing earnings and consuming the future, and tax considerations for income-oriented investing.
Concentration Risk
Understanding the nuances of portfolio concentration, the difference between earned and designed concentration, and why retail investors have a structural advantage in holding concentrated positions.
Sector Focus
Why deep sector knowledge built on genuine curiosity produces better investment outcomes, which sectors require special caution, and when ETFs are the appropriate solution.