12 attributes of scalable businesses
First hand experience of value investing in Africa (h/t qed1984)
Morgan Housel summarizes his learnings of hist first year at a VC
John Kingham (UK Value Investor) shares his 39 lessons on investing
Bill Ackman has a new acivist position: ADP
Some deep thoughts on Disney (vs. Netflix)
Have you looked at recent selling in ad agencies and media sector after the last quater results from WPP. Looks like there is some risk of secular decline and suddenly the whole european media sector (RTS, M6, Tf1) is on selling pressure. Do you have any opinion on ad agencies (WPP, publicis, omnicom, havas) which have become cheap recently (P/E =11-12) even though these are asset light companies. Do you see any bargains.
Also another link to an insightful paper: Do Stocks Outperform Treasury Bills?
I think this is so amazing.
Thanks for the interesting links, as always. Have you looked at the current ideas from Morgan Housel in Africa?
I guess Morgan Housel does not invest in Africa.
LOL, correct. I meant Francis Daniels, of course.