value and opportunity

Highly recommended: Prof. Damodaran on Market Cap thresholds over time , Nvidia and how to calculate implied growth rates

Another Flavour & Fragrances “Banger analysis” from Sector Stories, this time IFF 

French Focused Investing substack on Dividend Aristokrats in France

How (and when) to derisk portfolios before retirement

Great deep dive into the company Duolingo from Quartr

Interestingly, Dwarkesh will prioritize writing essays over doing podcasts

52 Interesting and entertaining things Tom Whitwell learned in 2025

Bill Gates has some Book recommendations

Some very interesting thoughts around Micheal Burry’s decision to close his fund

Dwarkesh with another “AI Banger”: Ilya Sutskever talks about LLMs

Ben Evans has published his new “AI eats the world” slide deck

Real Madrid is considering the sale of a minority stake to an investor

Retired retail investors tend to trade more and perform worse
A very nice write-up on Asseco Poland from The Outsiders’ corner Substack

Once again a pretty decent write-up on Symrise from the Sector Stories substack

A good article about Circle, the US Stable Coin company

The Verge has a look into the Abyss errr AI Data Center company CoreWeave

An interesting deep dive into Fraudulent FinTwix favorite Intellego

A couple of interesting Spin-offs have been happening lately

Monevator with a good intro into Derisiking your portfolio for retirement

A decent write-up on Oil&Gas terminal operator Vopak

Decent write-up on Robertet form the Sector Stories Substack. The earlier post on Givaudan is really good, too, as well as the Flavor & Fragrances intro

A significant percentage of today’s investors has not experienced a real bear market

A deep dive into the major issues of the PE industry from the LT3000 blog

Monevator with an interesting post on those battered UK Renewables Trusts

Prof. Damodaran on Gold

And of course Warren Buffett’s “Thanksgiving letter”

The CFA institute thinks private investors should not invest into Private Equity

The Brooklyn Investor with an long all-round post and another one on Bubbles

The “Made in Japan” Substack with a nice guide to get started in the Japanese stock market

A great summary from the Latticework 2025 conference with various “Value Investing Legends”

The French Focus Investing Substack with a nice deep dive into Safran

The current LLM’s models do not think highly of Private Equity as an Asset Class

A nice and easy CEO checklist from the Dutch Investors Substack

Thomas Puyo on why Argentina is not doing much better economically

Finally, 5X leveraged single Stock ETFs are available

The maybe most consistent financial blog out there, Abnormal Returns, celebrated it’s 20th Birthday this week.

Another OG, 20 Year Blogger, Eddie Elfenbein, has been on the Meb Faber Podcast

Good Morningstar article on “Performance Shenanigans” of Private Equity Secondary Funds

Liquid Air Energy storage is a very interesting concept

For some strange reason, horizontal paintings trade at a (significant) discount to vertical ones

Govro from Wintergems dives even deeper into Alcohol Stocks 

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”

Fantastic profile of Thomas Peterffy, the legendary founder of Interactive Brokers

Nice write-up on UK stock Johnson Matthey from the Modern Investing Substack

The Oracle of Oslo Substack on “sum-of-parts” play F.I.L.A. Spa 

Maynard Payton with a “Super Deep Dive” on FW Thorpe

A great summary of Andrej Kaparty’s LLM talk (Twitter/X link)

Bain’s 2025 Tech report is an interesting read
A critical look into the “Quantum Bubble 2.0” from the recommended Shorts & Squeezes Corner Substack