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How do supermarkets account for markdowns?

Being a keen accountant, foodie, and bargain hunter, this combination of things has gotten me interested in understanding how food… Read More »How do supermarkets account for markdowns?

I just finished Amor Towles’ “The Lincoln Highway” and was blown away by the quality of the story-telling. The book… Read More »Book review – The Lincoln Highway

Every time you open a content application such as LinkedIn, Instagram, Facebook, or X, your attention is being diverted into… Read More »The attention tax – how much are you going to pay in 2025?

I have followed the writings and podcasts of American entrepreneur and investor Tim Ferriss for a few years now, and… Read More »2024 year in review

I just returned from my first trip to a Nordic country this weekend, flying on SAS (nope not the Special… Read More »Exploring Castlelake LP’s investment into Scandinavian Airlines Systems

One of Charlie Munger’s most well-known philosophies is to invert a problem to find a solution. In other words when… Read More »Aeropress coffee maker as a practical lesson in the inversion principle

I watched the recent Jeff Bezos documentary on a flight back from Harare to London last week, and one of… Read More »Bezos on regret minimization framework

An impressive set of full year 2023 results released by the British food-to-go bakeries and coffee retailer, Greggs PLC (LON:… Read More »GREGGS going places – strong growth and cash generation in a tough trading environment

Today marks the first working day of the new 2024/25 UK tax year. This post will focus on income tax,… Read More »Happy new tax year – a reduction in NI, but increases in other income taxes

One of the most common valuation ratios in finance is the PE ratio, which is the share price of a… Read More »Demystifying the PEG Ratio