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The Falling Knife

Harvey Sawikin

Welcome to my Substack, where I will write about investing, marriage and family, culture, and random topics. All subscription money will be donated to The Human Fund (sorry, that's for Seinfeld fans). Really, to a good cause.

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PricingOnly free issuesPublishesWeekly
Issues106Founded2 years agoLast Issue6 days ago
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Latest Issues

Adaptation or Capitulation?

The talk of the value investor community last week was the H1 letter from Fundsmith, a U.K.-based manager with $30 billion in assets. They lost 2.9%, but what was notable wasn’t the return but founder Terry Smith’s announcement of a major s...

6 days ago
9
9

“If You Need More Money, Make More Money”

The title is a quote from my college friend’s late father, Abner Z., which has popped into my head many times over the last 45 years. It’s a statement that resonates with me but is so loaded with context that it may even be offensive to som...

13 days ago
6

Should You Fire an Employee the Minute You Even Think of It?

Someone I know was agonizing over a firing, and I passed on a piece of advice I’d once received: “If you ever think seriously about firing an employee, do it immediately.” I felt bad saying it, since it sounds harsh, but in my experience —...

21 days ago
4
2

My Obsolete Jobs

Sometimes I think back on my first two corporate jobs out of college in the 1980s, and that 50-90% of how I spent my days would now be done by computers in seconds.1 I can sort of understand that about my first job, assistant media planner...

a month ago
8

Actually, What Is an Art Investment?

In my last post, I argued that art can be a good investment, and even if it doesn’t keep up with the S&P 500, its psychic pleasures may make up for the underperformance. I got some pushback in the comments from older people who’ve accumulat...

a month ago
5
2

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  • Harvey Sawikin

    Fund manager, ex-lawyer, ex-novelist, art collector, writing about investing, family, culture, and random topics.

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