value and opportunity

There is some evidence that “Bond King” Bill Gross was indeed a great bond investor

Wired story about Shein, the Chinese Ultra Fast fashion company

A not so positive take on Spotify

Some very deep (and not very optimistic)  thoughts on inflation by Prof. Damodaran

A nice pitch for Medios AG from VERUS (German)

Nice post on some lessons learned from “master capital allocator” Tom Murphy (Capital Cities)

A good thing to remember: Warren Buffett’s (short term) market timing skills are not that good

A Netflix Doku on Abercrombie & Fitch looks like  a “must watch” for any investor interested in retail stocks

The ProfitHunting blog on Aussie LNG player Woodside Energy

A good reminder that consistent outperformance of active fund managers is the wrong metric to focus on

Great take on Twitter by Prof. Damodaran and some very strategic thoughts on Twitter from Ben Thompson

Interesting background story on vending machines

The Q1 report from Bireme is worth reading (Netflix)

Kerrisdale is short the “Trump SPAC”. Even among all the shitty SPACs, this one smells especially bad

A Netflix pitch from Bireme Capital and a conversation with Evan Tindell from Bireme 

A very good overview on “customer based valuation” for fast growing companies

Five timeless investing lessons distilled from Arlington Value’s investor letters

Four easy ways to combine Value and Momentum

Some insights from Ben Evans how online marketing is evolving (and killing TV)

Interesting story on 30 year old Crypto Billionaire Sam Bankman-Fried

About that LME Nickel Short Squeeze and the potential consequences

Asian Century Stocks with a nice deep dive into Thai Beverage

Softbank’s Tech Hedge fund is being liquidated, with losses expected to reach up to USD 7 bn

Marc Rubinstein on the rise of fast payments (UK & Brazil)

Hybrid working V.1.0 doesn’t look very promising so far

Interesting notes from the book “10 1/2 lessons from Experience, Perspectives on Fund Management” written by Paul Marshall (Marshall Wace)

Maynard Payton with a great exercise: looking at the Energy consumption of all his portfolio companies

Annual letter to investors from Danish Fund manager Symmetry (23% CAGR since 2013)

Let’s start with a Goodie: Pareto Securities is holding its annual TechIT conference on March 30th. It is a virtual event and also open for non-professional investors. And it is good value because it is free.

GlobalStockPicking with a very nice write-up on Swedish MedTech RaySearch

In depth interview on the “metaverse” with a 19 year Second Life veteran

Marc Rubinstein on the current Russia issues of Airplane Leasing companies (AerCap)

Good deep dive into the “premium alcohol” market from Lindsell Train

A comprehensive market update from Prof. Damodaran reflecting the impact from the war in UKraine

Heat pumps look like a no brainer these days

A couple of really helpful matrices to cluster investments

A few days ago, the number of subscribers passed the 3000 mark. I feel extremely proud and also humbled that 3000 persons across the globe read my stuff on a regular basis despite all the typos and bad grammar. Thank you very much, this is really a great motivation to keep going !!!

Sprucepoint Capital has released a short report on c3.ai

Great deck from Altafox about its activist campaign for/against Hasbro

Asiancenturystocks has a very comprehensive overview on Asian stock markets

Deep insights into Amazon’s ad business (these ads by the way annoy me big time as “power user”)

A good reminder from Ben Inker (GMO) on what mistakes to avoid in this market

Nice write-up on my former portfolio investment Installux

Ben Evans summarizes 10 big questions for the Tech sector in 2022 (and beyond)

Great feature on Roloef Botha, CEO of legendary VC Sequoia

Prof. Damodaran with a valuation Update of the FANGAM stocks

Some interesting thoughts on rising interest rates and banks from Marc Rubinstein

Slide deck on the Westwing investment case

Long deep dive into legendary Hedge Fund Coatue

On Spotify and its Podcasting business

A deep dive into Gaming company Take-Two and its Zynga acquisition

Interesting feature about “NFT Investor” MetaKovan

Good article on successful stock bloggers (Jeremy  Raper)

The Monevator on Decentralized Finance (DeFi)

Great article from “legend” Charles D. Ellis about his personal investment highlights

OAM 2021 letter to investors with a Bull case for Asia (China, India)

Great post from Neckar on David Tepper (Appalosa)

Marc Rubinstein on Swiss Private Banking and UBS

Good feature on short seller Nathan Anderson (Hindenburg)

Financial advice on TikTok is ….gross

Start-up funding in 2021 doubled to over 600 bn globally

Rob Vinall’s 2021 letter to investors (Carvana)

The New Yorker on DAOs

The case for Crypto being a big Ponzi

An interesting look  into the underwhelming performance of Hedge Funds

TGV Truffle had a great year, annual letter to be found here (Zooplus, Aareal, Talgo)

TGV Rubicon annual letter 2021 (Aumann, Hostelworld, Ceconomy)

Good write-up on French “Hidden Champion” Pharmagest Interactive

Interestingly, Norway has become the forerunner for heat pumps

An in-depth look into the Activision-Blizzard acquisition by Microsoft

Some deep thoughts about long term implications of company capital allocation for investors

Scott Galloway with an interesting perspective on the Elisabeth Holmes/Theranos trial