FNF is something I have held for years and written about a few times. I’m doing a quick update here. The reasons I’m holding remain the same: 1) intermediate term defensiveness, 2) long term upside, and 3) Stewart acquisition synergies. For the next year or so it’s a value/dividend play…

I fleshed out my thoughts on Zillow (“Z”, “ZG”) more since my last write up and I will share them here. This includes a clearer idea of the strategic game that Zillow has to play, as well as how to track progress. …

Update 2/12/2019 In my original post below, I talked about the concept that fraud is cyclical. It turns out there are words for it — the “bezzle” and “net psychic wealth” — coined by John Kenneth Galbraith. He explains it much more elegantly than I can: “Weeks, months or years…