Reading Room
A curated collection of frameworks, essays, and research that shape how we think about investing.
Jammy Box Investment Philosophy
Our four-pillar framework for evaluating businesses: The Business, The Money, The People, and The Price.
Who Do You Want to Manage Your Business?
A great business with poor management will eventually become a poor business.
Are Fund Managers Great Investors?
The data says most can't beat the market — but maybe that was never really the game they were playing.
Every Business Solves Problems
A framework for evaluating business quality — from problem definition and market position to competitive moats and investment logic.
Price is what you pay. Value is what you get.
Market price is merely a fleeting opinion. The true value of a business is rooted in a much more grounded reality.
Greater Fool Theory
Buying assets with no cash flow is not investing — it is hoping. A comparison of Costco vs. Bored Ape NFTs illustrates why cash flow is the only durable foundation for wealth.
How Does a Share Become Worth More?
The core principle of equity appreciation rests on how effectively a company puts shareholder capital to "work."