Monthly Archives: November 2021

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Greenwood Q3 letter on short selling and owner-operated companies

An interesting intro into the fertilizer market including investment opportunities

The 5 favorite books that Bill Gates read in 2021

Annual portfolio update of Bull, Bear & Value including a few interesting Israelian stocks

Great deep dive into payment company Adyen

Q3 letter of Hayden Capital with interesting thoughts on “next Gen” consumer behaviour

WaPo article on how chess is evolving into an E-sports discipline (unfortunately no mentioning of Play Magnus)

Book review: “Billion Dollar Whale”

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Update: Unfortunately the first version of this post contained (too) many spelling errors. I released it too early and somehow spellchecking does not work within the WordPress editor. Apologies.

whale

In my opinion, any investor can learn a lot about any book about financial scandals. Maybe even more compared to most “how to invest” books.

“Billion Dollar Whale” is no exception. This book tells the story of a young Malaysian guy called Jho Low who managed to steal around 5 bn USD from the Malaysian Sovereign Wealth Fund 1MDB.

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Ever wondered why Netflix streams better then others on your Device ? OpenConnect may be the answer.

Short writeup on the GoreStreet Energy Storage Fund

A very good artice on how the current “meme markets” are functioning

Swen Lorenz likes Petershill partners, the IPO/spin-off from Goldman Sachs

Part 4 of an interesting deep dive into Sea Ltd, a South East Asian Tech conglomerate

Doordash’s deck to justify the Wolt acquisition (My take: very thin…)

Stratechery on Unity and the attraction of “faceless platforms”

All Swiss Stocks part 17 – Nr. 180-190

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No bonus this time, only 10 Stocks in this post. Spoiler: none of the 10 stocks went onto the watch list.

Another interesting story that caught my attention is this one: The Swiss Exchange finally opens up to SPAC listings. It’s about time to catch the last wave of this hype. The Swiss seem to be unhappy with the large share of (expensive) quality companies listed right now.

181. Valiant AG

Valiant is a 1,4 bn CHF market cap Bank Holding company. As with all other Swiss banks, the company seems to stagnate since a long time. “pass”.

182. Galenica AG

Galenica is a 3,4 bn CHF market cap company that calls itself the “leading Swiss Healthcae Platform”. The company IPOes in april 2017 and has performed decently since then:

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“NegatIve Visualisation” is an interesting exercise for any investor

Roger Lowenstein on US Inflation

A very interesting HBR long read on how NFTs can create Value

Scientists have discovered on how to turn Ammonia into electricity without toxic by products

Some interesting notes on Assytem from France

This week, General Electric, Johnson & Johnson and Toshiba announced to split themselves into smaller entities

Prof. Damodaran with a valuation update on Tesla

All Swiss Stocks Part 16 – Nr. 166-180

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As last time, I throw in an extre 5 stocks at no extra cost for my readers (2 candidates to watch) !!! To make it an even more compelling offer, I add this link which explains how German investors can mitigate the 35% withholding tax for Swiss dividends.

166. Walliser Kantonalbank AG

Walliser is one of the many regional banks with a market cap3 of ~1,6 bn CHF. As the other Kantonalbanken, the have a decent dividend (~3,3%) but the stock price is flatlining for many years. “Pass”.

167. Valora AG

Valora is a 775 mn CHF market cap company that is active in food and convenience retailing. If I understand it correctly, they run both, own outlets as well as franchises and have a certain focus on bakery products. 75% of sales are done in Switzerland.

The long term share price looks extremely uninspiring:

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An interesting deep dive into the upcoming “no revenue” IPO Rivian

Great insights how the guy behind “stock spin-off investing” achieved more then 100K in annual revenue from his newsletter

Is this the real reason why Eon Musk wants to sell Tesla shares ?

A great (German Language) post from Verus on long term stock ownership (Hypoport, Pandora, SNP)

Good long read on famous investor Bill Miller

The recent blunder at Zillow shows that AI can do many things but not trading houses (yet)

Hayden Capital’s massive write-up on Coinbase