Guru Gems

18 Months of Guru Gems: An Honest Report Card & a New Gem

Lagging the Market, Holding Cash & Buying Visa.

Oct 4

8

6

September 2026

Magic Formula Round 12: 13% YTD Return

Two names get an extra year. The only new buy is Bath & Body Works (BBWI)

Sep 27

9

5

3 Under-the-Radar Guru Stocks

Q2 names nobody wrote about: Builders FirstSource, Sea Limited and Becton Dickinson

Sep 20

10

1

7

The Grove of Titans and Copart Goes Shopping

Chris Begg on the nine companies he owns, and why Copart just bought ACV Auctions

Sep 13

12

3

8

Supercooled Stocks: The Physics of the Value Trap

Physics for Investors, Issue 3: Ludwig Boltzmann and why cheap stocks can stay cheap

Sep 6

12

4

7

August 2026

Klarman’s Special Situation Stock + Portfolio & Watchlist Update

A closer look at Genuine Parts, a 52-week high in the portfolio, and why Rochon bought an air conditioning distributor

Aug 30

7

2

2

Magic Formula Round 11: 21% YTD Return

Still beating the S&P with zero AI names. Adding MO, BBW, BLBD

Aug 23

12

3

What Gurus are buying and selling - Q2 2026 13F updates

The Gurus' favorite stock is being trimmed — plus the toll booths they're buying instead

Aug 16

11

6

Seth Klarman & The Baupost Way

On downside protection, patience, and the art of not blowing up

Aug 9

17

17

🎉 Celebrating 500 Subscribers, Summer Reading & Giverny's Q2 Letter

A short summer edition: a giveaway to celebrate 500 subscribers, the best of the Guru Gems archive, and David Poppe on why quality is being left behind.

Aug 2

6

3

July 2026

A Mid-Year Look at the Guru Gems Portfolio & Alphabet's Historic Quarter

Guru Gems Mid-Year Report Card: Gems, Gaps & Google's First Cash Burn

Jul 26

10

5

Pzena at Halftime & A Fresh Look at Baxter (BAX)

Deep Discounts in Deep Value

Jul 19

9

9