Quicky on Uranium / Kazatomprom

The uranium thesis was there for a long time, now there are catalysts and the potential for reflexivity

Food for Thought #41 // Links🔗

This time the most interesting content I stumbled over includes: blogs to watch, compounding machines, uncertainty, …

Food for Thought #40 // Links🔗

This time the most interesting content I stumbled over includes: British take-over targets, stock markets, EMs, biases,…

My Old Gazprom write-up

In the early days of my more serious investing journey, I wanted to publish write-ups on Seeking Alpha, but unfortunately …

Quicky: L’Occitane (973 HK) after the pandemic

The company released its AR report for the FY 2021, ending March 31, 2021.

Food for Thought #39 // Links🔗

This time the most interesting content I stumbled over includes: China, DCFs, making money, flowers and weeds, e-gaming …

Book-review: Der Neunte Arm des Oktopus (non-investment related)

I finished this book in record-time …

Food for Thought #38 // Links🔗

This time the most interesting content I stumbled over includes: Howard Marks about the macro future, Greenlight’s Q2 letter, Novavax, culture, EM & BRICs, China’S tech crackdown, …

Food for Thought #37 // Links🔗

This time the most interesting content I stumbled over includes: UK takeover targets, Russian stocks, Gazprom, Sberbank, European vs US stocks, Ever Grande (China), …

Quálitas (Q* MM), July 2021

Quálitas is referred to as the Mexican Progressive.

Food for Thought #36 // Links🔗

This time the most interesting content I stumbled over includes: Fool’s gambit, the losers game, investing abroad.

Shinoken (8909 JP), June 2021

Shinoken seems like a good bet to take.

Book-review: Fortune’s Formula by William Poundstone

I read about Fortune’s Formula somewhere and put it on my reading list because I am greatly interested in the topic of Position Sizing which the book is about and more specifically about the Kelly Formula.

Food for Thought #35 // Links🔗

Some interesting content I stumbled over.

Quicky #18 on Deutsche Telekom (decision)

I own a ‘legacy position’ in DT and thought about selling for some time. I am most certainly biased. Now that DT’s capital markets day is over, I have their new guidance to base my decision on …

Food for Thought #34 // Links🔗

This time the most interesting content I stumbled over includes:

Book-review: The Manual of Ideas by John Mihaljevic

A friend works at an investing firm and gave me this book, thus I read the German hardcover version Das Value Investing Handbuch of this great value investing book. I wondered before if I should read more paper-based books instead of the usual kindle version. This book was perfect to read as the hardcover version …

SES SA (SESG LX), May 2021

The market focusses on the negatives too much. This is a defensive business with a bunch of positive one-offs. Yes, positive one-offs!

Food for Thought #33 // Links🔗

This time the most interesting content I stumbled over includes: research as octopus and shark, patience, TISE, bitcoin, biases, banks, berkshire, …

Flow Traders revisited (FLOW NA), May 2021

Recently, I read (and re-read) several books and other content about our biases and how these affect our investing decisions (mostly negatively). Over-confidence is one of the very common biases. My learnings about biases motivated me to revisit my Flow Traders analysis …

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 …

Book-review: The Little Book of Behavioral Investing: How not to be your own worst enemy by James Montier

This is a must read for investors if you want to get more familiar with common biases.

Flow Traders (FLOW NA), April 2021

I follow Flow Traders for some years but only bought shares late last year – unfortunately after the pandemic-iduced market crash. I like the company and it is one of my medium sized positions (currently seventh biggest). I took another look at flow but did not buy more shares, so far …

Food for Thought #32 // Links🔗

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

Progressive (PGR US), March 2021

Progressive is one of my biggest positions. It’s a very profitable defensive business with ample growth runway for putting its retained earnings to use and continue to earn high returns on equity.