Client Letters
For the last 30 years, Dock Street has written over 500 client letters with our investment insights, philosophy, responses to world events, and more. Many of Dock Street’s letters will now be shared here as well.
Stock Prices Disconnect from Business Performance
The last twelve months have been an unusual period for Dock Street portfolios. While we have booked decent gains in the […]
How should clients determine if we are doing a good job?
“It’s not enough to simply measure things—you have to measure what matters.” – Warren Buffett
At Dock […]
Long term investing through short term worries
The 60 days since March 30 have been spectacularly good for the stock market and Dock Street portfolios. However, if […]
Nvidia’s Data Center business is now larger than the iPhone business
Nvidia’s Data Center business has quickly become larger than the iPhone business, a feat that is […]
Advertising – The Hidden Gold Mine
A business that keeps getting better
Advertising is the business that Wall Street routinely ignores. This month the three major advertising-based businesses […]
The war cools off and the market heats up
On March 31st, a White House leak suggested that the War in Iran might be put on pause. […]
Capital Intensive Inputs, Capital Light Outputs
For more than 10 years, we have focused our investments towards companies that become increasingly profitable as they grow. These businesses […]
Computation does real work, generating revenue and profit
Summary: AI skepticism is everywhere, and some of it is understandable, but we think most of it is missing […]
Two in one year
For the second year in a row, there’s a war on, and both were the result of dramatic policy changes instigated by President […]
The software business model is changing
Spoiler: What’s going on with software companies? And why is Wall Street reacting so strongly? The answer is pricing. There is […]