Second Level Thinking

Investment Wisdom: Buying Well

Investment Wisdom: Buying Well

Investment Wisdom: Buying Well 15/2/2024 On a Behind The Memo podcast last year, renowned value investor Howard Marks stated that: “What I learned from my first 10 years of experience is that good investing doesn’t come from buying good things but from buying things...

Second-Level Thinking and US Homebuilders

Second-Level Thinking and US Homebuilders

The Standard & Poor’s Homebuilders exchange-traded fund (ETF), XHB, has increased by more than 30% in 2023 and 40% over the last 12 months. A number of homebuilder stocks such as PulteGroup (NYSE: PHM) and renowned value investor David Einhorn’s Green Brick...

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