Whilst on hiatus I’ll put up a new one of these posts every so often. Feel free to post here to keep the comms going.

Still very long TPL!

But due to some professional developments on my side, it’s time to hang up my spurs for a while.

The blog will stay up and I’ll retain control of the URL. The stock is so well known now that the original purpose seems quaint.

I’m thankful for all of the friends I’ve made over the years. More ups than downs! Hopefully you all made (and continue to make) lots of money.

Don’t hesitate to reach out via the contact page. Be well!

Passive flows loom large

Demand can outstrip supply

Less is more always

The buyback lever is as long and important as it’s ever been. Land is scarce. The stock should be too.