We recently published an in-depth article covering how investors can use Amazon’s Kindle 3 for reading SEC filings. The approach outlined in the article can be a viable solution for investors who would like to save paper, but it only scratched the surface in terms of the Kindle’s utility as a newsreader. While reading newspapers on the Kindle is not yet equivalent to traditional newsprint, the timeliness of delivery and the ability to subscribe to distant newspapers can be quite compelling. Unfortunately, the cost of subscriptions through Amazon.com can meet or exceed the price of print versions which seems like a poor value proposition. In this article, we will discuss a way to legally gain access to literally hundreds of newspapers and magazines at no cost. Read this article for more details.
Much of what we do as investors involves studying businesses and critically evaluating the returns that are likely based on management’s competitive strategy. The elusive search for true “moats” is often frustrated by quick technological change which can make yesterday’s incumbent firm today’s dinosaur. Investors who pay a rich valuation for a business with a moat must be confident that the advantages leading to high returns today are not destroyed by new types of competition in the near term. Smart phones may soon threaten to drive retailers without a coherent competitive strategy to extinction.
Many readers will relate to this scenario: The printer is hard at work producing a 100+ page SEC Filing when the room becomes strangely silent. Surely not enough time has passed to signal a completion of the job? Sure enough, the printer has run out of paper, depleted its toner, or may even require a new drum unit. The only positive aspect of the breakdown is that fewer fine particles of indoor air pollution are being produced, at least for the moment. Surely there must be a better way? We think there is: The Kindle 3 from Amazon.com. Read this article for more details.