There might come some change in Japan with companies targeting higher P/B.
Continue reading “Some bets on Japan changing, PF moves”Author: searching4value
Book-review: It’s when you sell that counts, Cassidy
Definitely not a must read for me.
Continue reading “Book-review: It’s when you sell that counts, Cassidy”Puking out HIFS after the nibbling (re-thinking HIFS)
‘Banking is a very good business, unless you do dumb things‘. It almost seems HIFS did a dumb thing.
Continue reading “Puking out HIFS after the nibbling (re-thinking HIFS)”PGR strategy and positioning
I think I do not own another company with such a clear, and I guess logical and potentially value creating, strategy.
Continue reading “PGR strategy and positioning”Nibbling at Hingham (HIFS), during banking stress
I was looking at HIFS for some years and wanted to buy shares cheaper. With all the recent developments in the economy and the banking sector I got the chance to buy into a quality bank. A perceived quality bank with issues!
Continue reading “Nibbling at Hingham (HIFS), during banking stress”Bought MBB
I added another and hopefully anotherone of the better SOTP plays.
Continue reading “Bought MBB”Thesis tracker 2022
How are businesses developing?
Continue reading “Thesis tracker 2022”Food for Thought #62 // Financial edition
Financial edition due to current developments. (Updated)
Continue reading “Food for Thought #62 // Financial edition”Food for Thought #61 // Links
Includes: Greenlight Cap & shorting, Fundsmith on virtue signaling/purpose,
Continue reading “Food for Thought #61 // Links”Banking on free money II (CBOBA)
Another small bank enjoying free money.
Continue reading “Banking on free money II (CBOBA)”Thoughts on Progressive (PGR) after Q4’22, UBI.
High quality business priced as such.
Continue reading “Thoughts on Progressive (PGR) after Q4’22, UBI.”Book-review: There is always something to do, the Peter Cundill investment approach
A book about a classic value investor I got to know from reading the fantastic Roiss’ conclusions.
Continue reading “Book-review: There is always something to do, the Peter Cundill investment approach”Banking on free money (CZBS)
I could kick my ass for not looking into the epic ECIP story when I first read about it.
Continue reading “Banking on free money (CZBS)”Book-review: The Essays of Warren Buffett, Cunningham
Most of these important lessons are well known already, but still, it is important to re-read some things. Ie, I stumbled over Boesky and the timeless adage ‘if sth can’t go on forever, it will end‘.
Continue reading “Book-review: The Essays of Warren Buffett, Cunningham”Nobody is writing letters anymore. But reading them is great. (Buffett’s berkshire letters #2)
I recently started to read Buffett’s Chairman’s letters of Berkshire. and then I stopped again, because I like to read the lessons — great lessons — in a more structured way! See here.
Continue reading “Nobody is writing letters anymore. But reading them is great. (Buffett’s berkshire letters #2)”BankNordik foresees higher returns
With higher interest rates BankNordic is set to deliver higher returns in 2023. On top, the bank plans to reduce its core capital from an overcapitilized position.
Continue reading “BankNordik foresees higher returns”A dry January or sth like that
A month without twitter … But nice developments at insurance companies.
Continue reading “A dry January or sth like that”Food for Thought #60 // Links
Includes: fossil fuels, deleting Twitter, Japan, portfolio management/sizing bets, UnBrexit, Rob Vinall’s 2022 letter, Spotify.
Continue reading “Food for Thought #60 // Links”Some experience with Sixt (SIX3 GR)
Many German investors perceive Sixt as a German high quality business. My experience does not disprove the narrative.
Continue reading “Some experience with Sixt (SIX3 GR)”Re-insurance trends and capital cycles
Interesting industry data.
Continue reading “Re-insurance trends and capital cycles”My review of 2022 (a year of change)
The year 2022 included many sad and noteworthy developments in the world and in financial markets …
Continue reading “My review of 2022 (a year of change)”More knowledge, biases, issues and open Q’s on MKL.
As within German politics, there are few double whammies, and much more talk than (thoughful) action. Turns out, the likelyhood for a true double or triple whammy in Markel is not that high probably, after reading the letters and giving it more thought …
Continue reading “More knowledge, biases, issues and open Q’s on MKL.”Book-reviews on some non-investment books
Simply brilliant by O’Connell about success at work, ie project management, and the German book Achtsam Morden by Karsten Dusse.
Continue reading “Book-reviews on some non-investment books”Food for Thought #59 // Links
Includes: Facebook/META, Nvidia a 100 bagger, Fed put/call, Lloyd’s of London.
Continue reading “Food for Thought #59 // Links”Some Arguments for Insurance Brokers
I recently learned some ‘insights’ about insurance brokers…
Continue reading “Some Arguments for Insurance Brokers”