The following is a list of investment tenets and principles that Walter Schloss put together in 1994.| basehitinvesting.substack.com
Graham's view on how large caps can get mispriced, a time arbitrage investment approach that worked for Graham and still works today| basehitinvesting.substack.com
"I've never said, 'If you go to a mall, see a Starbucks and say it's good coffee, you should call Fidelity brokerage and buy the stock.'" - Peter Lynch| basehitinvesting.substack.com
A Saber Capital investment journal. Click to read Base Hit Investing, by John Huber, a Substack publication with tens of thousands of subscribers.| basehitinvesting.substack.com
A high margin, high ROIC business with a hidden moat for 5.5 P/FCF that is buying back shares.| Base Hit Investing
Clip of a Saber client note with some thoughts on trade deficits and market behavior| Base Hit Investing
A Lincoln Post with some quick thoughts on CNK's valuation, its new buyback announcement and a review of the Fairfax preferred shares.| Base Hit Investing
A hidden series of securities on a very high-quality company that I believe have been mispriced, and a recent announcement provides clarity on when this will get worked out, at nice potential IRR's| Base Hit Investing
A company selling off assets and using the large net cash proceeds to buy back shares at a high FCF yield| Base Hit Investing
I recorded a video that discusses some risks I see in the general stock market and opportunities that have resulted in part because of passive index flows| Base Hit Investing
Inspired by Abe Lincoln's succinct delivery, I'm going to publish more short form thoughts from the "ugly first draft" files with the goal of sparking some ideas for you to think about| Base Hit Investing
I have a contrarian view on the quality of this industry; surprisingly solid ROIC's & consistent FCF generation, plus real estate carried on books at decades old cost offers downside protection| Base Hit Investing
Some updates on a few of our recent investments, including NRP, DR, and FCNCA, along with some thoughts on great management teams, bargains hiding in plain sight, and P/E's of 2 (still available?)| Base Hit Investing
One of my favorite banks that has the opportunity and the excess capital to potentially buy back over 30% of its shares over the next couple years; currently 8 P/E| Base Hit Investing
Follow up to my post on Graham's still-effective strategy on buying out of favor large caps; Graham's view on diversification and my own thoughts on portfolio management| basehitinvesting.substack.com
"A truly great business must have an enduring “moat” that protects excellent returns on invested capital."| basehitinvesting.substack.com
A look at Warren Buffett's remarkable investment flexibility and some thoughts on opportunities over the next decade| basehitinvesting.substack.com
A big buyback announcement (14% of the shares) & recent insider buying; summary of the valuation and thoughts on the opportunistic mindset of its management team| basehitinvesting.substack.com
Recently converted thrift trades at 65% of book value, has lots of excess capital, pristine credit quality, is buying back meaningful amounts of its stock, and has consistent insider buying| basehitinvesting.substack.com
Investor letter to Saber clients from last fall that outlines three types of investments in our portfolio, along with some updated comments on the stocks mentioned| basehitinvesting.substack.com
I review some thoughts on the valuations of some stocks we discussed last year, along with portfolio management tactics, thoughts on selling, and an update on CNK, MCS, NRP and FCNCA| basehitinvesting.substack.com
His investment decisions are not economic or market predictions, but just a byproduct of the huge size of his portfolio and how few stocks he can buy. Below is an estimate of his investment universe.| basehitinvesting.substack.com
This post is a loose summary of a recurring conversation I've been having with a few friends of mine recently.| basehitinvesting.substack.com
Owner of high quality assets (39% ROIC, 20 years of consistent FCF) that has recently changed its corporate strategy and capital allocation; now buying back shares at a 7-8x FCF| basehitinvesting.substack.com
The capex spending at MSFT, META, GOOG will eclipse $150 billion this year alone. These businesses are much different than they were 5 years ago with perhaps different return on capital profiles.| basehitinvesting.substack.com
Well-run bank with a multi-decade history of compounding earnings and tangible book value per share at 15% per year; trades at 7.6 P/E; well-capitalized balance sheet; excess cash for buybacks| basehitinvesting.substack.com
Durable assets, high ROIC royalty model, 29% insider ownership, 15 years of sizable annual FCF in good and bad economies, at a 27% FCF yield| basehitinvesting.substack.com
There are lots of bargains in small stocks currently; I believe it's risky if you limit yourself to a specific, rigid style box; Remember Munger's words about not forgetting what we're trying to do| basehitinvesting.substack.com
I've noticed three common themes with Buffett's recent investments in energy and Japan: low valuations, improving capital allocation, and rising ROIC's.| basehitinvesting.substack.com
I recently got to speak with the students who run Bell Tower Capital Management, a student-managed investment fund at NC State University| basehitinvesting.substack.com