value and opportunity

Broyhill likes Emerging Market Airports as counter cyclical investments

Good to remember: Stock splits are only “paper shuffling” 

Fortnite maker Epic (owned by Tencent) is suing Apple and Google on app store monopoly

Great post on the almost forgotten bicycle stock bubble of the late 1890s

David Einhorn still seems to be long stuff that goes down and short stocks that go up 

Half Year letter TGV Intrinsic (Mercado Libre, FEMSA)

IAC reveals a 12% stake in MGM Resorts International and explains why

 

Fellow blogger Wexboy with his 6M portfolio review

Overstock looks like a good candidate to short

Must read: The LT3000 blog on structural market inefficiencies (and Hongkong Land)

The unbelievablee Government assisted “pump” of the Kodak share 

Unlike other multinational chains, Starbucks is really struggling through the pandemic

Nice write up on Vertiv from GreenWood

“Next generation Buffett wannabe”Sardar Biglari has seen better times

 

RV Capital’s half year letter (New position: Prosus)

A deep dive into the structural fraud culture of Chinese Companies

A more positive take on SPACs from a VC perspective

And a more negative opinion on SPACs from a value investor perspective

And finally a deep dive into Bill Ackman’s recent 4 bn “super SPAC”

Fantastic story about a “Stock market oracle toad” during the 80s Japanese Stock frenzy

Good write-up on UK based Headlam as a potential counter cyclical opportunity

Must read: Morgan Housel trying to make sense of today’s world via five stories

Rob Vinall’s take on Wirecard

Some smart thoughts if and what type of “value investing” might work in the future

TGV Partners 6M 2020 report (DCC, TGS Nopec & others)

TGV Rubicon Stockpicker 6M 2020 report

Very good write-up/update on UK ad company System1

Interesting Freudian approach trying to explain the adversity of Americans to face masks

 

Interesting interview (Video) with Barry Diller (Expedia, Match.com etc..) on Covid-19 impacts

Undervalued Shares with a nice intro to Poland and its stock market

Great story on the current status of the financial system

The stock market as a gigantic carry trade

Good background article on the new breed of “David Portnoy” like retail speculators

FtAlphaville is sceptical about current SaaS company valuations (me Too…)

Some surprisingly positive facts on Japan (Video)

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):

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

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