Christensen Capital, LLC

There is a massive amount of information available about the upcoming Presidential party nominations. Most of it is just noise. One way to clear the clutter and see who is actually gaining or losing ground is to visit the University of Iowa political markets (better known as the Iowa Markets). From the web [...]

The numerical value that a stock trades at is irrelevant. The business drives the stock price not the other way around. Many investors are enamored by stock splits. Stock splits cost money and thus are a drag on the stock price. Berkshire Hathaway’s stock has never split for at least 40 years [...]

A recent article in Fortune (9/18/2006) chronicled the differences in two muffler factories that Tenneco owns. One in Michigan and one in Shanghai.
Workers in the Shanghai factory make $1.56 per hour. Workers in the Michigan plant make $14.10 with benefits. There are 225 workers in Shanghai that turn out 400,000 mufflers per year while the [...]

In a recent World Bank ranking of how investor friendly a country is Indonesia ranked 135th of 175 countries surveyed. Ironically India ranked 134th only one notch better. India has been growing 8% and Indonesia has been growing 4%. To Indonesia’s credit the time it takes to start a business has dropped from 151 days [...]