⁠Librarian Capital
British American Tobacco $BATS $BTI made predictions about global nicotine market 5 years ago (Mar-19 CMD)

They correctly saw the market would be bigger in 2023

But they also expect Vapour to be bigger than Tobacco Heated Products (THP), and Modern Oral (pouches) to be small https://t.co/sZtWYIA7dU
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⁠Invest In Assets 📈
RT @InvestInAssets: Kanbrick reading list for investors: https://t.co/a9kmJAG174
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⁠Stock Analysis Compilation
Ariel Investments on Axa $CS FP

Thesis: AXA SA offers a compelling value opportunity, poised to close the valuation gap with its peers through strategic focus on higher-margin, recurring revenue segments

(Extract from their Q2 letter) https://t.co/IMdvJ7ejGA
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⁠Value Spotlight (Andrew Sather)
RT @ValueSpotlight: The Next Step: ROIC to estimate future Growth Rate (Tutorial):

$V https://t.co/ZeFEufHIJG
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⁠Librarian Capital
RT @LibrarianCap: Recent research $RI article:
https://t.co/lUQ0PLEMKh https://t.co/NwygxHzJ1l
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⁠Investing visuals
Portfolio Update - August 2024🌟
🔹Tech portfolio performance +7.5%
🔹Nasdaq $QQQ +0.5%

More details below👇
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⁠Invest In Assets 📈
This is Charlie Munger.

Munger is said to have the best 30-second mind in the world

His deep knowledge on psychological biases and mental models gave him a competitive advantage.

Here are 6 lessons that will make you a more effective thinker: https://t.co/ef7TTix2Gp
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⁠Quality Stocks
☁️ Cloud is expected to grow above 15% a year by 2030

Here is a 🧵 with 1️⃣0️⃣ stocks well positioned to benefit from it
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⁠Librarian Capital
Bloomberg: "HSBC Exit Makes Matos One of Europe’s Most Sought-After Banker"

$HSBA makes more than ½ of its profits from Hong Kong, where it earns super-returns from dominant market share

Possession is not the same as ability, except the ability to manuover yourself into jobs https://t.co/eLsnKE0DRt

Rejected for HSBC’s top job, Nuno Matos may now be one of the world’s most sought-after bankers https://t.co/klpkZGQdh4 - Bloomberg
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⁠Librarian Capital
Eugene Fama appearance in "Lunch with the FT" series

"Not actually drawing a salary from Chicago (University) any more ... the (85-year-old) professor is still producing papers"; "Fama’s students were recently in class"

"I do it because I like it"

"Efficient markets is a hypothesis. It’s not reality," Gene Fama concedes in his Lunch with the FT. But he has a pretty good rejoinder to those that think EMH is a lot of bunkum. https://t.co/0a3r1HMyMY https://t.co/OyJKlhrPgG - Robin Wigglesworth
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⁠Invest In Assets 📈
Wide moat businesses according to Counterpoint Global: https://t.co/p8M7uPgJKv
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