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No.	Category	Summary
501	Big Lessons from Our Research	2/3/2025 Our study of 427 PUBLIC AND PRIVATE SOFTWARE COMPANIES reveals hard truths Software industry UNPROFITABLE since 2015. Robert Morris Associates (RMA) has been publishing financial results studies of the software industry since 1989 (when software was a healthy industry). In 2015 the industry profits turned negative (due to the switch to SAAS subscription billing), but have not recovered, with annual losses as high as 5% for the industry. Don’t be distracted by the profits of Microsoft, Oracle, Salesforce and SAP. Big profits by a few distort reality in an industry. Your chances of picking a winner are less than 1%. Click for details
502	Big Lessons from Our Research	2/10/2025 Software industry debt has climbed from 60% of assets in 1989 to 95%+ today. Intangibles have risen from 7% of assets in 1989 to 40% of assets today. This is due to extreme overpayment for acquisitions (and other bad practices.) Robert Morris Associates (RMA) has been publishing financial results studies of the software industry since 1989 (when software was a healthy industry). The years details are shown here: Click for details So What? CAUTION CAUTION CAUTION. I think making a solid profit on fundamental value is so hard most have given up. All the attention goes to techno-hype, product feature competition, growth mania, hockey stick projections and – when the inevitable nonperformance occurs – trying to sell the company to the greater fool. What to Do? Stay tuned. Our research shows 89% of software companies pursue the wrong strategy. Getting to the right strategy will almost always require a new CEO.
503	Big Lessons from Our Research	2/17/2025 Only 11% of Public Software Firms beat the RETURN ON CASH invested in a MUTUAL FUND over 10 years. Click for details
	Big Lessons from Our Research	2/24/2025 The WASTED BILLIONS OF OWNER CAPITAL among public software / tech companies is BEYOND BELIEF. Click for details – see page 5
	Big Lessons from Our Research	3/3/2025 Why 89% of public software / tech companies are pursuing the WRONG STRATEGY and WHAT TO DO ABOUT IT
	Big Lessons from Management Literature	3/10/2025 Good Money / Bad Money:

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