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A Turnaround That Actually Turned for 6x Free Cash Flow

How We Think Like Private Buyers

Reading Roundup: April & May 2025

The Intellectual Investor Conference (ValueX Vail) 2025 Presentations

A Large-Cap Swiss Luxury Net-Net

Notes From Citizens Bancshares' Annual Meeting

IGT Update

EPC's Spring Investor Letter

Reading Roundup: March 2025

Resilience

How We Prepare for Anything, but Nothing in Particular

A Cheap Bank With a Fortress Balance Sheet

Independent Thinking (An Excerpt From Our Recent Letter)

McKesson (Excerpt From Our Upcoming Letter)

Reading Roundup: February 2025

A Private Credit Fund With Equity-Like Returns

A Cheap Special Situation With Multiple Catalysts

Reading Roundup: December 2024

A Growing QSR Royalty With A 9% Shareholder Yield

What Are You Buying When You Buy The S&P 500?

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