MSA Capital 2021 annual letter (Sytem1, ABF)
Interesting 2021 Letter from a fund I didn’t know: Curreen Capital
2021 Shareholder letter from newly founded REQ Capital (Constellation Software)
Fundsmith 2021 letter to shareholders (Unilever)
Lou Simpson, the legendary CIO of GEICO passed away last week
A great in-depth look into the Beanie Baby Bubble in the late 90s
Joachim Klement with interesting stats on National differences in productivity
Interesting long read about Matt Mullenweg who wants to create the “Berkshire of the Internet”.
Deep dive into soon to be listed PE stalwart TPG from Marc Rubinstein
Some insights into what you actually get when you buy an NFT (hint: It’s not even the pixels…)
Great Morgan Housel post on the power of stories and irrational actors
A good reminder from Morningstar, how awful SPAC deals are for “non-promoters”…
After a few decades of deflation, Japan looks cheap from a currency perspective
The Alpha Vulture blogs celebrates 10 years and an incredible track record of 30% p.a.
Always worth a read: Saxobank’s ten outrageous 2022 predictions
Eddy Elfebein’s 2022 buy list is out
Interesting Tweetstorm from Vitalik Buterin on many aspects of Crypto
Highly recommended: An interesting and comprehensive 2021 review from Searching4value
A collection of 21 things that got better in 2021
Maynard Peyton’s 2021 review is worth reading (UK small cap focus)
Clark Street Value had an impressive 2021
“It turns out that (Bill) Foley is John Malone on steroids” – self recommending
Decent write-up on TFF Group
Some book recommendations from Morgan Housel
Good deck from VEF on the Indian payment opportunity
Chinese company Shein is disrupting Fast Fashion
Recommended: Ben Evans annual presentation on future trends
A good perspective on stock buybacks from Junto
The best definition/explanation of Bitcoin I have read so far (Spoiler: Bitcoin is Art)
Tyler Cowen on Magnus Carlsen and the future of Chess
Highly recommended: Very insightful analysis why Casper (Online Mattresses) didn’t make it as a public company
A nice pitch for Nintendo as an investment
Nice review of “The Delusions of Crowds”, a new book by William Bernstein
Monevator on the end of P2P Lending (in the UK)
A very critical but equally fascinating interview with one of the Cofounders of the ConstitutionDAO
Greenwood Q3 letter on short selling and owner-operated companies
An interesting intro into the fertilizer market including investment opportunities
The 5 favorite books that Bill Gates read in 2021
Annual portfolio update of Bull, Bear & Value including a few interesting Israelian stocks
Great deep dive into payment company Adyen
Q3 letter of Hayden Capital with interesting thoughts on “next Gen” consumer behaviour
WaPo article on how chess is evolving into an E-sports discipline (unfortunately no mentioning of Play Magnus)
Update: Unfortunately the first version of this post contained (too) many spelling errors. I released it too early and somehow spellchecking does not work within the WordPress editor. Apologies.
In my opinion, any investor can learn a lot about any book about financial scandals. Maybe even more compared to most “how to invest” books.
“Billion Dollar Whale” is no exception. This book tells the story of a young Malaysian guy called Jho Low who managed to steal around 5 bn USD from the Malaysian Sovereign Wealth Fund 1MDB.
Ever wondered why Netflix streams better then others on your Device ? OpenConnect may be the answer.
Short writeup on the GoreStreet Energy Storage Fund
A very good artice on how the current “meme markets” are functioning
Swen Lorenz likes Petershill partners, the IPO/spin-off from Goldman Sachs
Part 4 of an interesting deep dive into Sea Ltd, a South East Asian Tech conglomerate
Doordash’s deck to justify the Wolt acquisition (My take: very thin…)
Stratechery on Unity and the attraction of “faceless platforms”
“NegatIve Visualisation” is an interesting exercise for any investor
Roger Lowenstein on US Inflation
A very interesting HBR long read on how NFTs can create Value
Scientists have discovered on how to turn Ammonia into electricity without toxic by products
Some interesting notes on Assytem from France
This week, General Electric, Johnson & Johnson and Toshiba announced to split themselves into smaller entities
Prof. Damodaran with a valuation update on Tesla
An interesting deep dive into the upcoming “no revenue” IPO Rivian
Great insights how the guy behind “stock spin-off investing” achieved more then 100K in annual revenue from his newsletter
Is this the real reason why Eon Musk wants to sell Tesla shares ?
A great (German Language) post from Verus on long term stock ownership (Hypoport, Pandora, SNP)
Good long read on famous investor Bill Miller
The recent blunder at Zillow shows that AI can do many things but not trading houses (yet)
Hayden Capital’s massive write-up on Coinbase
value and opportunity 