All information on this site is from public sources believed reliable. All opinions on this site represent judgments at the time of posting, but articles are usually not updated after publication except to correct factual errors. Some of the opinions have been completely wrong (as you can see) so readers are encouraged to use facts from the site to form their own independent opinions.
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The author of opinions expressed on this site and related parties often have a disclosed position in securities mentioned. Aside from being a holder of securities, the author has no business relationship with any company mentioned on the site and does not accept any form of compensation related to the content of articles, posts, and comments on the site.
The author (John Sheehy) of articles on this site is not anonymous, but prefers to draw attention to facts about investments rather than himself. Keeping ego out of the articles and any follow-up discussion makes it easier to be objective.
Corrections to factual errors in articles are welcomed from readers, including any companies mentioned, using sources available at the time of publication .
Koneko (子猫) is Japanese for kitten or literally “child cat”. It expresses curiosity, energy, and playfulness. It can be simultaneously intense and silly. Hopefully anything I write can be evaluated on its own merit without an intimidating brand.
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“Capital earns a high return when it is scarce” is not an original concept. I couldn’t remember where I heard it so I searched the internet and all the results lead to me. My phrasing might be original, but the concept is basic. We are bombarded with investment ideas, but the best opportunities can be in areas where there is no longer any bullish thesis and investor aversion creates a high cost of capital and high potential return on capital.
