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Eddie Lampert and AutoZone, Part 1: An Excellent Company
The Owner's Memo #14; By 1997, AutoZone showed a lot of proof that it was a great company providing customers with something they couldn't get from…
Jul 14
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Tim Isgro
9
1
A Study of Annualized Stock Returns
The Owner's Memo #13; What level of investment return constitutes a great return?
Jul 7
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Tim Isgro
10
3
June 2026
A Penny on the Dollar: Li Lu's Bet on Russian Privatization, Part 3
The Owner's Memo #12; Li Lu's bold bet made him anywhere from 2.5 to 6.6 times his money in just over two years
Jun 30
•
Tim Isgro
5
1
A Penny on the Dollar: Li Lu's Bet on Russian Privatization, Part 2
The Owner's Memo #11; Seeing just how cheap Lukoil was versus Exxon, and the risks present in investing in Russia at the time
Jun 23
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Tim Isgro
3
1
A Penny on the Dollar: Li Lu's Bet on Russian Privatization, Part 1
The Owner's Memo #10; How the fall of the Soviet Union created once-in-a-lifetime bargains
Jun 16
•
Tim Isgro
7
1
A Study of Exceptional Companies
The Owner's Memo #9; Just 4.3% of US stocks have produced all of the stock market's net wealth. The rest, in aggregate, have merely matched Treasury…
Jun 9
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Tim Isgro
5
Tenneco Automotive: Charlie Munger’s $80 Million Bargain, Part 2
The Owner's Memo #8; What did Charlie Munger see in Tenneco, a struggling auto equipment maker on the brink of bankruptcy?
Jun 2
•
Tim Isgro
21
2
3
May 2026
Tenneco Automotive: Charlie Munger’s $80 Million Bargain, Part 1
The Owner's Memo #7; In 2001, Charlie Munger read one article and made an $80 million decision in ninety minutes.
May 26
•
Tim Isgro
33
5
4
I Don't Know
The Owner's Memo #6
May 19
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Tim Isgro
26
1
4
Li Lu’s 7x Return on Timberland: The Breakdown (Part 3)
The Owner's Memo #5
May 12
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Tim Isgro
13
2
5
Li Lu’s 7x Return on Timberland, Part 2
The Owner's Memo #4
May 7
•
Tim Isgro
11
2
Li Lu’s 7x Return on Timberland, Part 1
The Owner's Memo #3
May 6
•
Tim Isgro
14
2
3
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