value and opportunity

Good analysis from the UK Value Investor why Interserve was taken over by its creditors.

Lyft, the new hot ride sharing IPO is to a large extent actually an insurance company

Interesting thoughts on Aviation Economics by Greenwood

Deep thoughts on Banks, Fintechs, Open Banking etc.

Naspers is (somehow) spinning of its Internet assets

FTAlphaville with a great post on cloud software stocks

Clark Street Value looks at Howard Hughes and Oncomed Pharmaceuticals

A nice take down on Taleb’s book “Antifragile”

Your brain on stocks looks like a very interesting new blog

Amazon’s secret weapon ? 150 Phd economists…..

Is “Wish” the next Amazon ?

YetAnotherValueBlog thinks KKR is too cheap

Zillow watch ou, Facebook seems to aim for the real estate market

Why (cheap) low growth stocks can be actually quite risky

 

 

 

Warren Buffett now has abandoned book value officially as measure for Berkshire’s success

Damodaran is  looking at the mess at KraftHeinz

Bill Gurley on the success of digital market places plus a checklist of what makes digital marketplaces interesting

Broyhill Investment’s 2018 letter

Deep thoughts on value chains (Walmart, Amazon, Google, Microsoft) from Ben Thompson

An interesting stock pitch on Nintendo

UK Fintech Revolut seems to be a tough place to work at

Warren Buffett’s 2018 letter to the Shareholders

A very interesting and comprehensive annual fund letter from Semper Augustus (h/t ValueInvesting World)

Zillow,the US Real Estate online classified leader, tries to become THE one stop shop for online real estate.

Morgan Housel has a very smart collection of the “different kinds of stupid”

The UK Value Investor has a look at HSBC

Good write up on Pershing Square Holdings and Central Securities

A great summary on how to create “Atomic habits”

The Rational Walk blogs looks back on 10 years of blogging

Ryan Holiday on how to seize the day

A collection of interesting investor letters from the Tollymore fund

Must read: Morgan Housel’s 29 Money Rules

Why Lithium and Cobalt prices are still falling

 

China’s impact on the world economy has increased significantly

Interesting rant on why AI won’t replace any job and Won’t drive any car

Fantastic slide deck on how the VC market has developed (hint: a lot of value is now captured pre IPO)

Pabrais’s “free lunch portfolio” tanked in 2018 but he is proposing a new one for 2019

“Bond King” Bill Gross now has officially retired. Maybe a few years too late.

Sequoia Fund Q4 letter

Random thoughts on HoldCos, Netflix, SPorts Media company and some links

 

 

Recommended: TGV Partners 2018 letter to shareholders and TGV Truffle 2018 letter to investors

Ben Evan’s doesn’t think that 5G networks will be a revolutionary new technology

Is Computime really a “high quality Net-Net” stock ?

Good write up on Edgewell Personal Care which looks like a cheap defensive consumer stock

An interesting portrait of Masa Son from Softbank as the “Most powerful man in Silicon Valley”

An excerpt of the 2018 letter to investors from Rangeley Capital

You think your personal data is worth a lot ? Maybe think twice….

 

 

Rob Vinall (RV Capital) has released his 2018 letter with deep thoughts on subscription models. There will also be a Live Stream of his upcoming investor meeting

Marketfolly has good write ups on the London Sohn Conference

Interesting thoughts on the strength of different platform business models

GreenWood Investors explains its “12 month re-underwriting” process

Fellow blogger Wexboy with his 2018 review as does JohnKingham (UK Value Investor)

Strong versus weak technologies

Yet another value blog with write up on Radisson Hospitality and Telecom Italia