The always excellent Valuesque blog with some insights on how to manipulate round EPS numbers
A great list of attributes from A16Z on how to analyze market place businesses
The epic Semper Augustus annual letter (128 pages…)
Another AirBnB scam, this time in London
Very interesting deep dive why most AI (startup) companies are mostly not software companies but service businesses
The art of defining EBITDA for tech companies
Yetanothervalueblog with a deep dive into Wrestling (WWE)
Undervalued Shares has a great feature about the “Klement on Investing” blog
FTAlphaville is not impressed by Uber’s plans for profitability
Valuesque with another interesting “accounting deep dive”, this time on Northgate Plc
2019 letter to shareholdersof TGV Intrinsic (incl. TomTom write-up)
The Annual letter 2019 of Tyro Capital includes some great stuff on stock picking
Bruce Packard on the current “Quant winter”
A great deep dive into the risks and opportunities for Spotify
A short thesis for Dunkin Brands
A very interesting article on US fast food franchises and what Chick- fil-A does differently
The UK Value Investor with a “post mortem” of his Aggreko position
ZephyrDatabase with the next installment of its All Belgian Share project
The 2019 annual report of the TGV Truffle fund
Some interesting technical observations on Tesla’s short interest
Now this imakes an interesting pair: Paul Singer’s Elliott goes activist on Masa Son’s Softbank
Interesting write-up on Honda as an investment opportunity
A good collection of Spin-off related links
Undervalued Shares has a super interesting story on the Channel Islandsand its stock exchange
Great deck from Benedict Evans on Tech in the 2020s (and regulation)
A pitch for Booking.com (and the Google Monster)
Valuesque with an interesting post on the issue of maturing inventory (Diageo etc,:)
Shopify’s stock looks VERY expensive
Scott Galloway looks at his 2019 predictions and makes a few new ones fro 2020
Belgian Blog Zephyr Database has started the “All Belgian Shares” project. Part 1 is a great read.
Undervalued Shares has a nice post on unlisted shares
TGV Partners 2019 letter to investors
The UK Value investor with a deep dive into the reasons behind Ted Baker’s collapse
Greenlight Q4 Letter to investors and the Fundsmith 2019 letter
Howard Marks with a new memo mainly on decision under uncertainty
TGV Rubicon with their 2019 letter to investors
Scott Galloway on the chances of Casper actually doing an IPO
Forager discusses a few positions of their international fund
Some ideas from a recent stock conference called MOI (incl. Cars.com…ugh)
Stratchery on Visa’s acquisition of Plaid (for 50x revenue…..)
OTC adventures has discovered a nice exotic French stock
Prof. Galloway really doesn’t like Softbank
Must read: Rob Vinall has released his 2019 investor letter (New position: Wix)
The Peridot Capitalist thinks it would be a good idea to merge Uber Eats into Grubhub
Two UK reviews: Maynard Peyton reviews his (UK Small Cap) portfolio and another very good 2019 review from John Kingham (UK Value Investor)
Ben Carlson has written a book about financial scams and shares some scams that didn’t make it into the book
A very interesting story on how Netflix & Co are changing Hollywood
For the German speaking readers: Paladin One with their very transparent 2019 report
