Everything we have published

Past letters on dividend investing, business fundamentals, and the numbers behind a payout.

Oct 7, 2026

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9 min read

A truck maker's leftovers, a $6 million loan secured by everything it owned, and why a 0.9% yield is the wrong number to look at.

Oct 2, 2026

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9 min read

A truck over a cliff, Lindbergh's fuel system, a widow's $1 million bet, and why a 0.8% yield hides most of the story.

Oct 2, 2026

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9 min read

A fire, a pay raise in the Depression, a Swiss takeover fight, and why a 4.3% yield is telling you something.

Sep 27, 2026

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4 min read

ADP's dividend makes more sense once you see where its profit comes from.

Sep 23, 2026

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4 min read

The month a dividend lands is not luck, and a little attention to pay dates turns four lumpy payments into twelve steady ones.