Category Archives: What we read

Some links

A great interview with Marc Andreessen on how to schedule workdays and other stuff

The inspiring story of how coach Juergen Klopp transformed the Liverpool FC

Highly recommended: The UK Value Investor with a very nice post on how to calculate and judge the quality of growth of a company

Activist hedge funds are increasingly targeting companies that try to do “greenwashing”

Very interesting story on Joe Granville, the “original” David Portnoy like “stock market entertainer”

Volatility strategies have really been killed during the Covid-19 crisis

And finally a Wirecard link: Dan McCrumm tells his story (and don’t worry, there will be a Wirecard follow up post soon):

Some links

Warren Buffett has finally found his master in this …….daytrader who likes to pump (and dump) nano caps

Bill Ackman want to join the SPAC party (again)

OTC Adventures on LICT Corporation

YetAnotherValueBlog with an interesting deep dive into conflicts of interest at OneSpaWorld (OSW)

TikTok is not going away away time soon.

Good thoughts on the relationship of recurring revenues and potential moats

Fred WIlson on Covid-19 driven behaviour changes

Panic Journal 8 – “Easy dancing”

It has been almost one month since my last panic journal post and a lot has happened in between. The stock market has roared back like crazy and everyone seems to ask themselves when they look at YTD charts and compare it with unemployment numbers and GDP “growth”: What the hell is going on ? Is this the next “Bubble” ? Are people crazy ?

Of course I can’t explain what is going on either but at least from my perspective three main topics stand out that I did not expect to such an extend and seem to be fundamentally positive surprises compared to a worst case scenario:

  1. Central banks and Governments have acted more quickly and more radical than anyone thought
  2. The “Dance” after the “Hammer” so far looks a lot easier that envisaged
  3. A vaccine might come earlier than initially expected

Read more

Some links

The Brooklyn Investor on Buffett, Markel, Airlines, Banks, Insurance companies and more

A deep look into Netflix accounting practices

An interesting piece on the dire situation in Brazil

Great application of a 1940s stock book (Where are the customers’ yachts ?) on today’s markets 

Bill Gates’summer book list

Video interview with 3G mastermind Jorge Paolo Lemann (scroll to 00:58 hours for the most interesting part)

An interesting article on private company Epic Games which seems to become a dominating digital player

 

 

 

 

 

 

 

Some links

John Hempton is frustrated that he didn’t outperform more in March

A sobering look at the future of the restaurant industry (US)

Mark Cuban funded at Covid-19 compliance test of reopened restaurants in Dallas. The results are not good.

Some interesting thoughts from Prof. Galloway on “unusual” business strategies and their long term impacts (Apple, Amazon, Walmart etc.)

Disney will be the bellwether to see if and when things in tourism go back to normal

The Graham & Doddsville Spring 2020 issue is out

According to Glassdoor, the companies with the best Glassdoor employer ratings outperform indices significantly over time

Panik Journal 7 – “Where is my bailout” and Behavioral Change

My last “panic Journal” post is now 3 weeks old. What has changed ? If I look at my learnings, not much. We still don’t really know how many people have been infected, how it transmits, what is the actual cause of the deaths, if there are treatments and when we will have a vaccine. The only major difference is that toilet paper now is available in my local drug store every day and and stocks are even higher than back then.

It took me so long to write this, because every time I start to write something, I discover that someone else has already written about it, so I try to focus on stuff I haven’t seen elsewhere.

Where is my bailout (Leoni, Adidas, Start ups, Car purchase incentives)

Read more

Some links

Two links to Q1 fund letters: Link 1 & Link 2  (h/t Valueinvesting World)

A great story about the Luckin Coffee fraud

Great long read on Exxon and their current issues

Some deep thoughts on (US ) airlines (fuel hedging, network effects, Southwest)

The Undervalued Shares blog on activist investing in Germany/Europe (Agfa Gevaert)

The currently very productive Profit Hunting blog looks at Brookfield Infrastructure Partners

It might still take a while before “Value stocks” come back

Some links

The ProfitHunting blog with a nice series on Disney – Part 1, Part 2, Part 3

Larry Swedroe thinks that even 10 years are too short to judge active investment managers

Some deep thoughts on E-Sports and value creation

How an oil ETF become the driving force of the recent oil price crash

The case for (Quality) Small Cap Value stocks

Must Read: Paul Singer’s (pesimistic) letter to investors 

Jeff Bezos letter to Amazon shareholders

Some links

(legendary) VC Investor Sequoia Capital tells its portfolio companies to batten down the hatches

A deep look into US Pay TV which looks more and more like a Zombie product 

The march newsletter of spinoffstockinvesting (Registration required or read via RSS)

The Zephir blog thinks that Belgian stock Barco could be a buy now

Yetanothervalueblog is still positive on Airplane Leasing company Aercap

RIT (Rothschild Investment Trust) 2019 annual report

Congrats, the GlobalStockPicking blog is now 5 years old

 

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