Food for Thought #32 // Links🔗

This time the most interesting content I stumbled over includes: QDT, UMG, Japan, EM value, moats, trading platforms, …

Must read: Collaborative with Five Investing Powers.

Japan: Analects and abacus – How Japan’s stakeholder capitalism is changing (The Economist). And GMO with Japan value: An Island of potential in a Sea of expensive assets.

EM: Oaktree sees EM value as attractive.

Joachim Klement on Investing observes that Education influences fund management style. I belong to the group being educated heavily in the efficient market hyphothesis and CAPM at university – what does that tell us?

Swen Lorenz with his newest weekly dispatch* about an interesting roll-up.

The UnderCoverFundManager lists 10 unhelpful behaviours/emotions all investors must guard against (twitter thread)

Ensemble Capital explains why it’s important to Pay attention to the castles behind the moats.

Marc Rubinstein from netinterest about (retail) trading platforms in Party Like It’s 1999: From ETrade to eToro.

Forager with a nice example of not-that-efficient markets regarding Afterpay/ThinkSmart Torpedoes Efficient Markets.

Company news

  • Quadient (QDT FP) acquires a SaaS fintech for accounts payables automation (Beanworks)
  • UMG could fetch a valuation much higher than recently anticipated (news). Good for Vivendi (VIV FP), Bollorè (BOL FP)

Best and happy investing, s4v

* marks an affiliate: if you want to become a paying member to Swen’s world-class content please use my link. hte price for you is the same. I might receive a referral bonus (money).


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