Author Archives: memyselfandi007

Some links 10/2025

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After 60 years running Berkshire, Warren Buffett announced that he will retire by the end of the year.

Verdad thinks that European equities, especially small & micro caps still have potential

Sparkline Capital with a nice overview on how to cluster stocks with regard to tariff exposure

UK’s THG Group has achieved mastery in adjusting its “profit” numbers (FT, search for headline)

Despite all the hype, the ability of robots to “manipulate” real world objects is very limited and will stay so for some time to come (Good luck for those Tesla shareholders who believe in Proximus to save them)

Great interview with John Cleese (Monty Python) about the 50th anniversary of the “Holy Grail”.

Interesting article on BTG Pactual, the Brazilian Bank called “Goldman of the Tropics” (FT Search result)

Some links 09/2025

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The Bain Private Equity Report and the corresponding material is a must read for anyone interested in the space (in short: The industry is undergoing a very difficult time)

An interesting overview of listed UK Infrastructure Trusts

KKR thinks that empathic leaders do better

NEDAP, a Dutch tech company looks kind of weird but interesting

A very sobbering look from Apollo into the impacts on tariffs on the US Economy

Thomas Pueyo on why Canada is so sparsely and unevenly populated

Klement on Investing explores why Germans are so bad at (stock) investing

Panic Journal – Trump II: “There will be blood”

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Quick Summary:

This post contains additional random musings about the current situation, plus an updated “portfolio check” at the end. So feel free to jump to the end if you are only interested in the portfolio check.

Background:

At the end of 2024, I wrote a first post about what might happen following both a Donald Trump win in the US election and a breakup of the German coalition. My takeaway was that maybe US stocks weren’t the great deal they were supposed to be.

Since then, two major developments have changed:

  1. The promised 7–10% US growth has turned into an almost certain recession.
  2. The outcome of the German election has been slightly better than initially feared.

All of this has led to a significant outperformance of European large-cap stocks, especially in Q1.

Trump / US

I have absolutely no idea where this is all headed. But one thing is certain: uncertainty. Especially regarding the future direction of the US government, uncertainty has increased significantly.

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Performance review Q1 2025 – Comment: “Negotiation tactics & Achilles Heel”

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In the first 3 months of 2025, the Value & Opportunity portfolio gained  +0,9% (including dividends, no taxes) against a gain of +7,2% for the Benchmark (Eurostoxx50 (25%), EuroStoxx small 200 (25%), DAX (30%), MDAX (20%), all TR indices).

Links to previous Performance reviews can be found on the Performance Page of the blog.

Performance review:

After 2023 and 2024, 2025 once again looks like a year where it will be hard to compete with my benchmark. This is how the individual parts of the benchmark performed in Q1:

Eurostoxx 50: +7,6%
DAX: +11,2%
Eurostoxx small: +3,1%
MDAX: +7,1%

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Bombardier – A potentially successful Aerospace turnaround shot down by Trump Tariffs ?

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Disclaimer: This is not investment advice. PLEASE DO YOUR OWN RESEARCH !!!!

Background:

Bombardier is a Canadian company that after a colorful past as a conglomerate and an “almost bankruptcy” in 2020 is now fully focused on manufacturing Private Jets and until recently has been a poster child of a very successful turn-around. My friend @Govro12 from the Wintergems substack has written a very nice post on Bombardier just a few weeks ago which I highly recommend to read.

High level Presentation:

Although I only could convince myself to buy a small starter position (<1%, to keep me interested), I presented Bombardier as a potential interesting investment case in a private investor meeting some days ago. Here is the presentation which I admit is pretty high level. Spoiler alert: I would not recommend to invest right now.

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Some links 08/2025

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If you have 2 hours to spare and want to know more about AI LLMs than 99,8% of your peers, then this video from Andrej Karpathy is what you should watch

Maynard Payton on Filtronic, one of the very few winners on the UK AIM Market

BYD shocked competitors with Super-duper fast charging some days ago. And it’s being rolled out in April.

The Private jet market is doing very well

Smoking Mariuana really seems to impact consumer behaviour. I wonder how that would interplay with Ozempic.

The Behind the Balancesheet Substack with a nice summary of a recent Value & growth conference in New York

The “Dividend anomaly” could be quite easily exploited

Some links 07/2025

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The Wintergem Substack with a very interesting write-up on Canadian Business Jet Maker Bombardier

Behind the Balance Sheet with a great deep dive into the business of Finance/Investing Substacks

A very interesting article on the influence of Korean retail investors in the most volatile US securities

Lego’s profit margins are in decline (but still very high)

Richard Beddard looks at UK Smallcap Dotdigital

A good overview of the “Private Infrastructure” Asset Class from Larry Swedrow

A decent summary of the current “hangover in Alcohol stocks”

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