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P&C Insurance Economics 103: Decomposition of ROE, Growth, and P/B

I quickly look at three insurane companies decomposing ROE drivers …

Portfolio quicky: 3i – inflation, infection, invasion

In our great good investing community someone mentioned the three I‘s and I used this for writing down some thoughts about my portfolio positions.

Book-review: Quality Investing (Cunningham)

‘As quality investors, a major part of how we define greatness is the durability of the economics of the business (…) seeking companies boasting a combination of traits that overcome the forces of mean reversion.‘

Book-review: The World for Sale

Commodities are once more in the spotlight and some call for a new commodity supercycle, so I thought it was an opportune time reading the book. Better late than never.

Food for Thought #56 // Links

Includes: BASF, Agro stocks, overconfidence, Russia/Ukraine,…

Quick pass on Hazama Ando (1719 JP)

a typical Japanese cash hoard …

Thesis Tracker: Q4 2021

Still a work in progress. Companies mostly on track. Inflation sometimes an issue.

Quicky on Cewe (CWC GR)

Photobooks are great … for (wierd) people like me …

Protector Forsikring (PROT NO), March 2022

I was casually reading about hte company for some time and finally took a closer look. Judging from the recent share price development, taking so long was rather expensive …

P&C Insurance Economics 102: ROE drivers

I recently spend some time thinking and thinking about the ROE drivers of insurance companies. It was not a constant process but the understanding came to me as returns do: chunky and non smooth …

Quicky on Computershare (CPU). Hoping for a revisit

The central processing unit or CPU is a fundamental component of any personal computer enabling the efficient processing of data between all other involved network components (certainly someone can correct me here). In a sense, so is CPU …

About Russian stocks (learnings from a drafted quicky)

I started this post in October 2020 and never finished it.

Food for Thought #55 // Links

Includes: Russia/Ukraine, Contrarian disease, central banks, passive investing and Flink’s wishes, our time,

Food for Thought #54 // Links

Includes: 2022 mistakes to avoid, Russia, Japan, Energy, …

Quicky on Ansys (ANSS US): simulation software

Ansys was within a group of stocks with the very best performance in this century (acc to company in ’19), which became possible through the combination of scalability, profitability, and growth (and I’d like to add valuation) …

Food for Thought #53 // Links

Includes: risk appetite, Japan, comparative advantage, energy, coal and commodities, vaccination narratives,

Review of Bedrock AI – a screening tool for risk

I was approached on Twitter if that they liked my tweets (at least one 🙂 ) and asked if I wanted a free trial of the product. I said yes and tried it …

Book-review: Wiedersehen im Café am Rande der Welt by John Strelecky

A friend gave me the GERMAN book to read after talking about it during a walk. The book is the sequel to Das Café am Rande der Welt which I did not read. I enjoyed the book anyway.

The book helps people answer what they really want in life by telling a simple story about a man who re-enters a special coffee shop. The first of his visits changed his life for the better and was covered in the first book.

Food for Thought #52 // Links: 2021 review edition

Includes: ports, Japan, hydrogen, TPG & PE models, and a bunch of 2021 reviews

Non-predictions for 2022

Since predictions usually do not work, I do no do them … But, here are some thoughts about what might happen, or not …

Food for Thought #51 // Links

HAPPY NEW YEAR !!! includes: Petrobras (PBR US), Bolloré (BOL FP), holding cash, Biontech, …

My review of 2021 (the 2nd SPAC-tacular year)

The year 2021 included many noteworthy developments in the world and in financial markets …

Quicky on Fire Rock Hold. (1909 HK) – interesting year end ahead!

I recently (March 2020 😀 ) run a stock screener on high returns on equity or RoE (and some other metrics: net cash, P/E, yield it was, I believe) and ended up with a list of a few hundred company names. I quickly read through the first about one hundred names and noted ten stock tickers to take a further look. Frome these ten, I already knew four ticker symbols.

Quicky on ZIM Integrated Shipping (ZIM US)

Global supply chains are still in disorder and shipping rates are ‘sky high’, providing record profits for container liners operating at sea …

Food for Thought #50 // Links

This time the most interesting content I stumbled over includes: good CEOs, turnarounds, ESG, change, conviction, Japan, Asian stock ideas, hype cycles,…