value and opportunity

Govro from WIntergems with a deep dive into Pernod Ricard’s brands

Interesting writeup on Wise Plc from Ennismore (h/t Govro)

The East72 Synasty Trust Quarterly letter is always worth reading (Exor, Swatch, Bolore, Man United)

The Flyover Stocks blog with a great post on why Management Integrity is so important

Interesting article on some high end Cooperage (Barrel making) operations and their issues

A very detailed deep dive on the worrying Capex Mania in AI/LLM land

John Hempton on “Crypto Bucket Shops”