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  1. Capital & Crisis: The Hitchhiker’s Guide & Portfolio Updates • April 22, 2005

    Dear Fleet Street Investor, The Hitchhiker’s Guide to the Galaxy series of books was popular in the 1980s. It is nominally a work of science fiction, but can more accurately be described as a timeless piece of light comedy, in the tradition of the great P.G. Wodehouse. It’s just that Wodehouse wrote comic novels and short [...]

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  2. Capital & Crisis: Graham on Stock Quotes • April 15, 2005

    Dear Fleet Street Investor, The last few days in the market have been rotten for the longs. And as Grant says in the quote at the top of this letter, every investor is stuck with the market he finds himself in. If you’ve committed to investing over the long haul in value stocks, you are going [...]

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  3. Capital & Crisis May 2005 Issue: Tomorrow’s Resort Properties at 1980's Prices • April 14, 2005

    Embedded Land Profits in These Mountain Ski Resorts are Being “Unlocked” Through a Lucrative Joint Venture If you could travel back in time and buy your house at 1980s prices, you would probably be interested. Housing prices have soared in the last 20 years. There’s a good chance your house is worth between 50-100% more than [...]

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  4. Capital & Crisis April 2005 Issue: A Hidden Fortune in Retreaded Tires? • April 1, 2005

    In January 1988, Martin Carver slipped behind the wheel of the mammoth Bandag Bandit at the famous Bonneville Salt Flats in Utah. The Bandit was a 1978 customized Kenworth Conventional truck, some 25 feet long and 11 feet high, weighing about 8 tons. It set a new world land speed record in its class that [...]

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