value and opportunity

Rob Vinall has sent another “Postcard from Around the World”

Larry Swedrow shows (once again) that most active funds underperform their Benchmarks

Great article on the virtues of investing into “Controlled” companies

Interesting first part of an “Airport deep dive” series with many interesting details

Nice deep dive into UK’s Games Workshop from the Stoa Capital substack

Timely FT article on the foolishness of taking Private Equity IRRs seriously 

Edelweiss Capital with a deep dive into fraudulent Intercompany accounting (Pescanova & Wirecard)