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 …

Biases, biases, biases

Biases are everywhere in life and to improve as an investor, knowing about our biases is the crucial first step before tackling them and improving our investment process. Here I will provide a list of biases …

As investors and consumers shun Tobacco I wonder if now the time is right to buy?

At least in the developed world, more and more people either stop smoking or never begin in the first place. The (relative) number of people smoking traditional cigarettes declines as it goes against the big secular health trend. Could this current situation set the stage for profitalbe investments for many years?

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Going to the most fertile hunting grounds

Many of my friends recently attained a hunting licence. I am also a hunter, but in a slightly different sense. I am hunting for …

The markets temperature in Dec 2020

One conclusion from Howard Marks is that we cannot know where we (or the market) are going, but we better have an idea of where we stand …

A General Risk Framework

According to academia, the cost of equity can be calculated using the CAPM, a central model to modern financial theory. But even Damodaran critizes this as a statistical approach usually considered too narrowly. Damodaran tends to and recommends to think about business risk in a more general sense first, without applying sophisticated and data-heavy statistical methods (which might have its place).

Book review: Tesla, Elon Musk and the EV revolution

Vitaliy Katsenelson is one of my favorite authors of high-quality investment content. This is why I read his research about electric vehicles or EVs and many of his opinion pieces about Tesla some months ago (I believe it was an email-series). Anyway, some days ago I got to know that he offers his book Tesla, Elon Musk and the EV revolution for free for a few days. Beyond question, I read his book!

What is right for You: Value or Growth Investing? And is value investing dead?

The fight between the two corners has been going on forever and in recent years ‘growth investing’ might have had the upper hand, but I believe discussions mostly miss the point! I believe it is time to classify the two from the view of a value investor in a broader sense. I hope I can provide some clarity on the matter …

Quicky about Banking Industry

This is a primer for some Quickies about Banks, getting a general understanding of the banking industry …

My initial Thoughts on Competitive Advantages and Economic Moats

Moats were useful in ancient times to defend a castle from adversaries. It is defensive work that makes it harder for attackers to infiltrate the caste. (Economic) Moat is an expression used in the domain of value investing describing specific features protecting a business from competitors.

Am I a Gambler🎲? And Striking Similarities between Gambling and Investing!

During the current corona crisis I interpret the ongoing social distancing measures quite strictly for myself. Meaning, I have not meet friends for dinner or for a drink or anything else (besides for a running) in real live for a few weeks now and! it! sucks!. So, I had to come up with a better solution for my evenings than watching TV each day …

Do We get Fair Execution Prices at Trade Republic for Monthly ETF saving plans?

When I started my first monthly ETF savings plan in January, I chose Trade Republic instead of my eisting trading account at Consorsbank. As written back then, I wanted to review my decision, especially the executed buy prices (spreads)…

The ongoing Trend to Passive Investments and Two related Investment Ideas

I recently started my first monthly ETF savings plan (finally!) in January 2020 and it appears that I was rather late compared to millions of other ETF investors. Since more and more private investors are using ETFs as a cheap, effective and very diversified solution to capture broad equity* exposure globally, I wanted to research some investment ideas reaping benefits from this ongoing trend.

Link: Fama and French revisit their Value Factor

In their recent paper, Fama and French (2020) tried to answer the question, if the value factor premium that the two authors discovered in 1992 themselves, did decline or stopped to exist altogether after its discovery due to efficient markets.