April means baseball, tax day, and Earnings Season. Company earnings, while prone to short-termism and BS (see: The Number by Alex Berenson), often reveal truths. For example: the impact of a shifting yield curve for health savings companies, acquisition data (including prices paid), new growth challenges, and subtle things divulged then later omitted. While you … Continue reading The Value of the Earnings Trail
They've been called blunt, unfair, cruel, likely to lead to bankruptcy or avoided care, consumer directed health plans, account based health plans. They've also been called necessary, cost effective, ways to align interests. With all the debate, high deductible health plans (HDHPs), have become a way to save on premiums--the fixed costs that affect all, … Continue reading High Deductible Health Plans: Good or Bad?
Charlie Munger reminds us that inversion helps us to solve problems we may not be able to solve in other ways. As an example, he says if you want to help India it's helpful to first ask "what's doing the worst damage in India....and how do I avoid it?" Said in a personal way: What … Continue reading The Power of Inversion, or What to Avoid.
The best companies lean towards the subtle and simple with their messaging. Nike says to "Just Do It", not that they're shoes will help you on your "journeys" or that they'll lower your cholesterol. Apple had the "think different" campaign but now the iPhone X welcomes you to: "Say hello to the future." Google moved … Continue reading Journey and Experience Inflation