Category Archives: What we read

Some links

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)

 

 

 

Some links

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

Some links

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

 

 

Some links

Interesting write-up on Honda as an investment opportunity

A good collection of Spin-off related links

2019 review “Wexboy style”

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,:)

 

Some links

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

Some links

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

Some links

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

 

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