People really do walk in circles without a relatively fixed reference point at least as far away as the intended destination. We believe investors can implement this lesson into their process to improve their chances of success.

Farming underpinned the creation of modern civilization, allowing for specialized labor, modern government and much more. That’s my synopsis on the importance of farming from a fascinating book I’m currently reading by Jared Diamond called Guns, Germs, and Steel: The Fates of Human Societies. I highly recommend this read as it will answer questions you never knew you had about how civilizations have transformed over time and can help form a framework for predicting how the world may evolve in the future.

Have you ever watched stock market investing segments on TV? I used to be impressed that the host would be able to share their recommendation on any stock at any time when asked. I wondered how they could know so much when the world (along with stock prices) is constantly evolving? After joining the industry in 2008, I set out to become an expert and met several very talented investors along the way. What I learned surprised me.

It all begins with an idea.

Aurora Financial Strategies recently purchased shares of Diamond Hill (DHIL) for clients in individual stock strategies

We believe DHIL has upside potential of 148% versus downside potential of 37% based on our scenario analysis and price at the time of writing

The company has an identifiable economic moat, quality balance sheet, and attractive margin of safety