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Hidden Value Gems
Another set of data suggesting current market sentiment is at about historical average level. https://t.co/YTtdg1NIzm
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Another set of data suggesting current market sentiment is at about historical average level. https://t.co/YTtdg1NIzm
Market sentiment seems to be cautious with 61% of respondents seeing the market as overvalued (vs 43% avg for 1998-2023).
Not in a bubble from this point of view. https://t.co/rvVQUcOCHi tweet
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Definitely worth it if you can find a copy. Trading at a $100+ on Amazon.
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Definitely worth it if you can find a copy. Trading at a $100+ on Amazon.
Book https://t.co/1yMFdL81ar tweet
Capital Employed
Interesting article...
How Relevant is Graham’s Philosophy Today in Hong Kong?
Inspired by Ben Graham’s, we screen the HK broad market using a set of 7 criteria to identify a basket of value stocks.
Full PDF is here👇https://t.co/YzHv8lf6it
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Interesting article...
How Relevant is Graham’s Philosophy Today in Hong Kong?
Inspired by Ben Graham’s, we screen the HK broad market using a set of 7 criteria to identify a basket of value stocks.
Full PDF is here👇https://t.co/YzHv8lf6it
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Offshore
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Hidden Value Gems
There is always something to worry about. Personally doubt that CNY plays a similar role to Yen, which is much more liquid and is easier to borrow. https://t.co/5mnCZ0IghN
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There is always something to worry about. Personally doubt that CNY plays a similar role to Yen, which is much more liquid and is easier to borrow. https://t.co/5mnCZ0IghN
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Hidden Value Gems
RT @HiddenValueGems: Just saw this really interesting piece by Bridgewater Associates on the Top 10 companies in each decade and their subsequent performance.
One thing to note is that many stocks stayed in the Top10 for 30-40 years, so just becoming one of the largest companies doesn't mean it is a bad stock going forward.
More points below 🧵👇
1/10
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RT @HiddenValueGems: Just saw this really interesting piece by Bridgewater Associates on the Top 10 companies in each decade and their subsequent performance.
One thing to note is that many stocks stayed in the Top10 for 30-40 years, so just becoming one of the largest companies doesn't mean it is a bad stock going forward.
More points below 🧵👇
1/10
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Hidden Value Gems
Howard Marks’ memo “You can’t predict. You can prepare”, written back in 2001, is a must-read today. Here are the key quotes 🧵👇
✅ “Seen through the lens of human perception, cycles are often viewed as less symmetrical than they are. Negative price fluctuations are called "volatility," while positive price fluctuations are called "profit." Collapsing markets are called "selling panics," while surges receive more benign descriptions (but I think they may best be seen as "buying panics"; see tech stocks in 1999, for example).”
1/13
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Howard Marks’ memo “You can’t predict. You can prepare”, written back in 2001, is a must-read today. Here are the key quotes 🧵👇
✅ “Seen through the lens of human perception, cycles are often viewed as less symmetrical than they are. Negative price fluctuations are called "volatility," while positive price fluctuations are called "profit." Collapsing markets are called "selling panics," while surges receive more benign descriptions (but I think they may best be seen as "buying panics"; see tech stocks in 1999, for example).”
1/13
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Invest In Assets 📈
RT @InvestInAssets: ROIC by industry is a useful way of identifying what sectors will provide long-term returns https://t.co/e4RP7AtgxV
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RT @InvestInAssets: ROIC by industry is a useful way of identifying what sectors will provide long-term returns https://t.co/e4RP7AtgxV
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Stock Analysis Compilation
TAMIM Fund on Viva Leisure $VVA AU
Thesis: Viva Leisure's strategic acquisitions will cement its position as Australia's second-largest network, with substantial growth potential and a low valuation of less than 4x EV/EBITDA
(Extract from their Q2 letter) https://t.co/h4bhsqvDaW
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TAMIM Fund on Viva Leisure $VVA AU
Thesis: Viva Leisure's strategic acquisitions will cement its position as Australia's second-largest network, with substantial growth potential and a low valuation of less than 4x EV/EBITDA
(Extract from their Q2 letter) https://t.co/h4bhsqvDaW
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Stock Analysis Compilation
Rubicon Equities on SMCP $SMCP FP
Thesis: SMCP, trading at an all-time low, offers a unique opportunity as legal issues resolve and potential sales transactions loom, with a valuation far below intrinsic worth
(Extract from their Q2 letter) https://t.co/XUX6v87Lye
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Rubicon Equities on SMCP $SMCP FP
Thesis: SMCP, trading at an all-time low, offers a unique opportunity as legal issues resolve and potential sales transactions loom, with a valuation far below intrinsic worth
(Extract from their Q2 letter) https://t.co/XUX6v87Lye
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