Some links

Many gaming related companies look cheap

The “no jerks” rule seems to work pretty well in selecting investment managers

Ray Dalio is giving away his new book “Big Debt Crisis” for free on his website

Sports Directs founder Mike Ashley bashes his shareholders (see no jerk rule above)

Smart thoughts from Ben Thompson on the “Iphone franchise”

Buffett quote about businesses and inflation

Why being a Value Investor will often make you look stupid

2 comments

  • “Why being a Value Investor will often make you look stupid”
    For me the story is less about value investing but about the weighting of propabilities between risks and chances . And these weighting of propabilities between risks and chances occur in value investing (perhaps especially in deep value) as well as in diverse parts of growth investing.
    For example how high is the propability that the story of a story stock will work or fail? And how good can you explain and sell the propability game to your customers, if it actually failed?

  • Btw, Independence & Expansion started a Europe Small Cap Fund with “mixed” (~ poor) success. Probably indicates that chances to outperform benchmark increase the closer/the more you know your market.

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