Andvari’s Substack

Andvari’s Substack

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Unwavering Principles

Quality Over Quantity

How to Sell Zithers to the Mormons

Flat For Four Years: Hangover Stocks

Baltasar Gracián & Charlie Munger

Copart Q1 2025 Update

The Original Incentive Plans of General Motors and Du Pont

Jack of All Trades, Master of None

Howard Johnson's

Tyler Technologies Q3 2024 Update

Tobacco Advertising and Marketing from 1913-1994

Q3 2024 Andvari Letter: Gathering Into the Fold

Excising the Old

DOJ Sues Visa Over Debit Card "Monopoly"

The Post-WWII Television Stock Boom

Copart FY2024 Results

Prohibition in the U.K. and the U.S.

Asphyxiation by Abundance

"Like Tears in Rain"

Zillow Ignores CoStar's Shade

Mastercard's Overlooked Metrics

Tyler Technologies Q2 2024 Results

Andvari's Q2 2024 Letter

“Going South”: A Whitepaper from Andvari Associates and Fortune Financial

From Slag to Riches: A Look at Vulcan Materials (VMC)

Recession Resiliency: The Auto Repair Ecosystem

Q1 2024 Letter: Kelly Partners, CoStar, and Rates

Q4 2023 Letter: The Compounding of Constellation Software

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