The quest for a “free lunch” in financial markets has fascinated investors for decades. Popularized by the legendary Warren Buffett himself—though usually to warn that “there is no such thing”—the phrase describes strategies that appear to generate extra returns without increasing risk. One strategy frequently whispered about in value-investing circles is the covered call. But is selling covered … Read more
In 2026, Alphabet Inc. (the parent company of Google) made headlines by issuing a 100-year corporate bond. This extraordinary financial instrument, often called a “century bond,” is a rarity in the tech sector, more commonly associated with sovereign nations or centuries-old universities. On paper, the move was hailed as a masterstroke of capital structure optimization: securing ultra-cheap, long-term financing … Read more
In the world of investing, one of the most counterintuitive truths is this: a great business does not automatically make a great investment. Many investors learn this lesson the hard way. They buy companies with iconic brands, dominant market positions, and decades of operational success—only to experience years of disappointing returns. The business keeps performing, yet … Read more