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(Game)Stop the Insanity
Main Street versus Wall Street: the key messages we take away from watching the incredible wave of retail buying in GameStop shares.

February 2021

Better Than Average
When it comes to investing, having realistic expectations about your decision-making abilities is critical to being a successful investor. If your investment strategy involves a lot of trading, you may be inadvertently giving yourself an impossible task to achieve.

September 2019

A Case Study – Lithia Motors
A close look at our investment process, using an actual investment we've made, to illustrate how we monitor, assess, and implement ideas.

April 2016

The Best Returns Part II
Why "never lose money" is Rule #1 investing. The implications of negative returns is always worth remembering.

October 2009

Preserving Your Sanity
The importance of having a solid, rational framework for investing. "If you don't have a plan, you'll be part of someone else's."

July 2008

The Best Returns Part I
Not all returns are created equally. It's crucial to incorporate the notion of risk when assessing the quality of your returns.

January 2008

© 2013-2025 Silver Heights Capital Management Inc. All rights reserved.

Why "Don't Lose Money" is Rule #1 in Investing

If you experience a loss of:

-100%
0%
-50%

To break even, you will require a return of:

100%

Let us help you preserve and grow your capital while minimizing risk.

The Dual Benefits of Buying a Business for Less Than Its Intrinsic Value

Risk/Return Calculator
$100

Amount of money at risk

Price paid for an asset with an intrinsic value of $100:

$40
$100
$200
$100
0%

Your return, if asset is eventually sold for its intrinsic value of $100

1. The less you pay, the less capital you can lose.
2. The less you pay, the greater your potential return.

Lower risk. Better returns.