Tuesday, March 08, 2016

Anodyne Inc.

I don't post that much here anymore about real-life Anodyne Inc., but am pleased to report that one of the portfolio's holdings gained 40% in the last few days, finally exceeding my estimate of intrinsic value, and was sold.  To put this in perspective, this is the equivalent of a extra week of receipts in the shop, and from reading and thinking, to boot! My thanks to Mr. Charlie Munger (for the courage of one's convictions) & Ms. Sylvia Grace Borda, whose frustration with the suspects originally made me go take a closer look at them, only to realize they were a/ publicly traded, and, b/ significantly undervalued.
"New competitive environments create dire consequences for many of those who fail to normalize behavior."
Monday, March 07, 2016


Eldorado Wash, 2016
Sunday, March 06, 2016


Chocolate Factory Cactus Garden (2), 2016

Edge of a wash, 2016

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