2013 is drawing to a close and I have a little travel ahead, so this will likely be my last post this year. I’d like to take the time to thank all of you readers who make this blog such … Continue reading →

Now and then I like to spend some time searching for “quality” companies. Simplistically, I consider a quality company to be one that is likely to earn excess returns on its capital for a long period of time. So long … Continue reading →

Firstime Design Inc. is a fast-growing and profitable reseller of clocks and other home decor items. Firstime sells its products to many leading retailers, including Kohl’s, Bed Bath & Beyond and Kroger. The company is purely a marketing operation; all … Continue reading →