The LEV Library

Updated on April 20, 2017 by Daryl Starr The first room in the LEV office has three, floor-to-ceiling walls of built-in bookshelves.  The other wall has windows.  Rather than have the bookshelves ripped out and replaced with a single Amazon Kindle, we decided to populate the shelves with books (and other trinkets.) If you want Read more about The LEV Library[…]

Protect Your Priors – Turn off the News

Watching the news is dangerous to your decision making. Protecting your “priors” is all about making sure you are working from a sound set of base data. Many people have a fear of flying.  Why?  Because an airplane crash makes for terrific news coverage.  It also makes for a great action movie. The more airplane Read more about Protect Your Priors – Turn off the News[…]

Market Transfers Value from Traders to Owners

We are not “traders.”  Although we buy and sell, we are fundamentally business owners.  In practice, what does that mean? Business owners start, buy and hold companies that they expect to increase in value.  Value increases as the result of increased income (or the expectation of future increases in earnings.)   Income increases by improving Read more about Market Transfers Value from Traders to Owners[…]