Some links 13/2024
TGV Partners 6M letter (Midwich, Fila)
Pernod Ricard is selling its Wine business and an interesting summary on how restaurants price their wine lists
Margins of Asset Managers continue to shrink due to high costs
Interesting and very bullish presentation from Coatue on the “Gen AI Super Cycle”
Very interesting post from Klement on Investing on the optimal size and discance to the coast of Offshore windfarms
Sweetstock investing with a write-up on an Australian Filling station operator called Viva Energy
Emerging Value with a quick look at Swatch Group
value and opportunity 
Wines priced >45€ per bottle are for me a no go. And eating out in Z**** in my case reduces to pizza & small drink (35eur!). I am not the best customer and actually the industry is mostly unsustainable/for the rich only. But –hélas– ! eating well at home as 99% of humanity has historically done is not the end of the world.