Category Archives: Uncategorized

Some links

Posted on by Leave a comment

Farnam Street on how not to be stupid plus its 2018 review

And ValueInvestingWorld with a fitting “final checklist” before making an investment decision

An interesting view on how “factors” like size, EV/EBIT etc. performed in 2018

Honeywell looks potentially interesting after the spin-off as well as ARLO

Good feature on Paul Singer (Elliott)

Four blogs with totally “off the beaten track” portfolios have posted 2018 reviews:
– GlobalStockPicking
– Alpha Vulture
– Value Investing France
– Clark Street Value

David Einhorn had a catastrophic year in 2018

Some links

Posted on by Leave a comment

Don’t miss: Stratechery 2018 review

Some very insightful investing lessons from Morgan Housel 

GlobalStockPicking with a nice write-up on HK based Modern Dental Group

A quick look at the upcoming United Technologies Spin-off

Great collection of 50 reasons why most of “us” are not thinking long term enough

Farnam’s Street 2018 letter to its readers

A quick look at offshore drillers (Rowan, Diamond)

Plus a Christmas Bonus: Eric Clapton performing “White Christmas”;

 

Some links

Posted on by Leave a comment

A great deep dive on how to measure network effects from A16Z

Ben from Wertart with some general thoughts and reflections on investing 

A good overview on how Buffett’s investment focus changed over his carreer

Ben Thompson’s “State of the technology” is a very good read on Google & Co

AMD has benefited form the Crypto craze. Is it now a short candidate ?

“Big Beer” AB Inbev is facing headwinds

Manning  & Napier: Cheap active asset manager or gone for good ?

 

 

How to invest into Venture Capital – Listed Vehicles (part 1)

Posted on by 25 comments

One upfront remark: I do not recommend to invest in Venture Capital right now. The market is clearly overheated and the asset class is known to be very volatile although Warren Buffett’s Todd Combs seems to just have discovered Fintechs.

This post is ment as a “long-term perspective” view on the sector and not a buy recommendation in the current environment.

How to invest into Venture Capital as a Private Investor

Famous VC funds

Venture Capital, i.e. the industry funding (technology) start-ups is known that almost everything depends on relationships.

It is no secret that a few funds like Sequoia or Kleiner Perkins have produced outstanding returns but these funds are “invitation only”, there are little chances even for larger institutions to invest in them and for individuals without direct connections it is more or less impossible to get in.

Read more

FitBit (FIT) follow up: Enough upside to justify the risk ?

Posted on by 33 comments

DISCLAIMER
This is not investment advice. Please do your own research and don’t follow any anonymous bloggers.

Let’s continue with this nice “anti Buffett” stock from my post last week.

The people / founders

FitBit’s original founders from 2007, James Park and Eric Friedman are still on board.

Interestingly, although both ar only 41 years old, FitBit was the third company they founded together.

The other companies were Windup Labs, a photo sharing company they sold in 2005 and Epesi, a B2B software company that didn’t work out.

Read more

Another return of the Watch Series: FitBit (FIT) – dead horse or exciting pivot ?

Posted on by 6 comments

Watches again…..

Although I wrote a lot about Watch companies over the past few years (Swatch part 1, Swatch part 2, Hengdeli, Fossil part 1, Fossil part 2, Movado, Richemont), no investment came out of it. However I had a lot of fun researching these companies so it was time well spent.

When I initiated the series in 3 years ago, Smart Watches were a big thing and especially the Apple Watch was perceived to be the “Swiss Watch” killer, which, as we know now didn’t happen as they seem to coexist quite well.

Besides Smart Watches, Fitness Trackers were the “hot shit” and especially VC backed FitBit that IPOed in 2015 was taking oer the world.

This chart shows Fitbit against Fossil (blue)  and Richemont (green) and we can clearly see who had staying power and who not:

Read more

Performance review 6M 2018 – Comment: “Skate to where the puck is going”

Posted on by 19 comments

-Performance 6M 2018:

In the first 6 months of 2018, the Value & Opportunity portfolio gained +1,45% (including dividends, no taxes) against -2,88% for the Benchmark (Eurostoxx50 (Perf.Ind) (25%), Eurostoxx small 200 (25%), DAX (30%), MDAX (20%)).

Some other funds that I follow have performed as follows in Q1 2018:

Partners Fund TGV: +4.68%  
Profitlich/Schmidlin: -1,67%
Squad European Convictions +2,22%
Ennismore European Smaller Cos +1,72% (in EUR)
Frankfurter Aktienfonds für Stiftungen -0,54%
Evermore Global Value -0,39%
Greiff Special Situation -0.92%
Squad Aguja Special Situation -5,45%
Paladin One +1,8%

Read more

« Older Entries