Investment Thesis Dolby Laboratories (DLB) is a company with excellent business economics. Although classified as a technology/media/broadcast company, it has a simple-to-understand business model, a highly profitable and value-creating business engine with a capable management team, and ROE averaging 20%. They are the leaders of high quality and immersive audio, have a moat, generate plenty [...]

In tough economic times such as these, there’s certainly no shortage of sufferers. Those fortunate enough to have staved off the symptoms of the recession are almost invariably left with a few family members who aren’t so lucky, and an unshakable desire to do something about it. We love our family and want to do [...]