value and opportunity

Profit Hunting has a nice write-up on Bolsa Mexicana de Valores (Mexico Stock Exchange)

In contrast to growth rates, high profitability seems to be very persistent over time

Good timeline and summary of the FTX & SBF drama. And the FT on “CZ”, the arch enemy of SBF.

Morgan Housel with some very good advice on how to write

Interesting long read on ETF Arbitrage behemoth Jane Street (former employer of SBF)

ByteDance, the parent of TikTok is an interesting example how non-traded equity stakes can be valued wildly different across investors

Verus on Interest rates and the attractiveness of Bank stocks (German)

Maboussin with a deep dive on market share 

Reading texts on paper seems to be more efficient than reading on a device

Nice write-up on HongKong’s Swire Pacific from Michael Fritzell

Marc Rubinstein makes the case for UK Banks as potentially interesting investment

Interesting pitch for FEMSA from Patient Capital

Insider Ideas thinks that Ocado might be worth a deeper look

Mark Suster thinks private (VC) valuations will need to reset

Former “Growth Darling” Saga Partners trying to explain -75% performance in the first 6M 2022

A great check list to identify interesting stocks “off the beaten path”

When Brad Feld, who has written the best book on Venture Capital, offers a free course on this topic, you should sign up.

Time machine: The “Burning Platform” memo of the CEO of Nokia from 2011 (why didn’t I buy Apple and Google back then ?)

Bireme Capital with a deep dive into their Twitter “special situation” investment

Some deep thoughts on when Share buy backs make sense and when not (Autozone, Altice US)

UK households seem to be hit most by high Natural Gas and Energy prices in Europe

Bireme Capital with a nice “post mortem” on their Tencent Music investment

Vitaly Katsenelson explains why he invested into Uber

Symmetry with a deep dive on GiG Media from Sweden

Interesting deep dive into bankrupt Crypto Fund Three Arrows Capital and its founders

Fred Wilson (AVC) summarizes his expectations for the Ethereum “Merge” towards Proof-of-Stake

Air Conditioning technology seems to be ripe for disruption

Timeless advice from Charlie Ellis for “Investing Amateurs”

 

Rob Vinall has released his half year letter and has announced a big surprise: Andreas Lechner will join him officially as partner

Iceberg research published a quite entertaining “short attack” on Victoria Plc, a UK flooring roll-up

Great write-up from Augustusville on Millicom (TIGO)

Failed Chinese fast grocery delivery MissFresh is a great case study for similar businesses

Former Tech Champion Intel looks like a train wreck these days

ProfitHunting with a write-up on Aluminium Producer Norsk Hydro

A very interesting article about the obscure market in Listerine royalties

The Rational Walk blog on why researching companies that are too expensive might actually make a lot of sense

The “Uber leaks” picture a horrible company

SPACs were never a good idea for anyone except the promoters and even Bill Ackman is sending money back to investors

Interesting post on AMETEK, a company that compounded nicely over several decades

Companies with difficult to pronounce names might be systematically undervalued

Chrysalis and other “listed VCs” seem to be far behind the curve in valuation of their holdings

Some interesting details on “Twitter vs. Musk”

 

 

 

 

 

Another interesting background article on Tiger Global 

Elad Gil on the current state and future of Venture Capital (Twitter Thread)

A good reminder that Wealth doesn’t flow anywhere when stock prices go down

Ray Dalio thinks that Stagflation is coming

Excellent write-up on Fuchs Petrolub from Augustusville

And a great Sony Deep Dive from Asia Century stocks

Why the “long tail” promise  in streaming never happened