You Should Be Doing This!

The core investments at FMT Investment Advisory are always done with the mindset that they are businesses, not a collection of ticker symbols. We always focus on the underlying economics of the business while we seek to acquire them at sensible market prices and then we hold them until it no longer makes sense to…

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When the Love is There

A couple will typically part ways when they no longer want to be intertwined with one another, but another thing can end a couple. Two people sufficiently in love that ultimately give up on spending time together because of distance or anything else can potentially end in tears, too. There are some interesting parallels with…

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Attach Yourself to Real Winners

Warren Buffett has never invested into a single stock because of its dividend in his 70+ years of investing. Neither has his partner, Charlie. There isn’t a single person on the Forbes 100 richest list that got there as a dividend investor, either. In the case of Warren, ninety-nine percent (over 99%!) of his wealth…

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A Diamond in the Rough

Lucara Diamond is a classic FMT Investment Advisory Special Situation. The business has the following characteristics: An aligned management team and board of directors who own 21% of the common shares Profitable (has paid out $257 million in dividends since 2014) A strong balance sheet with no debt An attractive valuation (9.7x TTM earnings) with…

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Huge Potential Ahead

I believe we are sleepwalking into a major rally… oil is undersupplied by at least 500,000 barrels per day. Crude inventories are depleting and the decline curve (well depletion) never sleeps. Meanwhile, oil companies haven’t been this cheap versus the WTI spot price in 25-30 years. As for the macro, summer travel is upon us,…

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You Have Got to Get This

After having studied Warren Buffett while also observing investor personalities as a money manager, I believe there are two primary investment traits that Warren Buffett has that most simply do not possess: He intrinsically understands time is the friend of good businesses and the enemy of bad businesses He is focused on the long-term Identifying…

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