Offshore
Photo
Hidden Value Gems
RT @HiddenValueGems: GMO highlighted the key differences between the Top 10 stocks today and in 2000:
🧵👇🏼
1️⃣ “In 2000, the price-to-earnings ratio of the top 10 was 60x. Earnings had increased by 22% pa in the previous 5 years. Even if the fundamental return expectation of 19% p.a. had been delivered and stock prices held, the top 10’s multiple would have still exceeded 25x by 2005.”
1/4
tweet
RT @HiddenValueGems: GMO highlighted the key differences between the Top 10 stocks today and in 2000:
🧵👇🏼
1️⃣ “In 2000, the price-to-earnings ratio of the top 10 was 60x. Earnings had increased by 22% pa in the previous 5 years. Even if the fundamental return expectation of 19% p.a. had been delivered and stock prices held, the top 10’s multiple would have still exceeded 25x by 2005.”
1/4
tweet
Offshore
Photo
Librarian Capital
Smithson (Fundsmith SMID fund) NAV gained 3.7% in Jul-24, vs. benchmark +3.9% (£)
NAV now +1.8% YTD vs. benchmark +7.5%
Fevertree $FEVR listed first among top detractors
Spirax* $SPX still listed #5 in top 10
* Rebranded from Spirax-Sarco in Feb-24 https://t.co/NxNDrWJDyJ
tweet
Smithson (Fundsmith SMID fund) NAV gained 3.7% in Jul-24, vs. benchmark +3.9% (£)
NAV now +1.8% YTD vs. benchmark +7.5%
Fevertree $FEVR listed first among top detractors
Spirax* $SPX still listed #5 in top 10
* Rebranded from Spirax-Sarco in Feb-24 https://t.co/NxNDrWJDyJ
tweet
Offshore
Photo
Hidden Value Gems
RT @HiddenValueGems: Quote of the day #56
#CapitalAllocation #Investing #Stocks https://t.co/ygl7JDBWM6
tweet
RT @HiddenValueGems: Quote of the day #56
#CapitalAllocation #Investing #Stocks https://t.co/ygl7JDBWM6
tweet
Offshore
Photo
Librarian Capital
$TPB CEO on their new nicotine pouch FRE
"Based on our initial successes, we recently launched a 6-mg product on our website ... You can expect to start to see the 6-milligram product on retail shelves this fall"
cc $PM $MO https://t.co/ORMmaJ2Iax
tweet
$TPB CEO on their new nicotine pouch FRE
"Based on our initial successes, we recently launched a 6-mg product on our website ... You can expect to start to see the 6-milligram product on retail shelves this fall"
cc $PM $MO https://t.co/ORMmaJ2Iax
tweet
Offshore
Photo
Librarian Capital
Berkshire Hathaway reducing Apple in Q2
$BRK.B also reduced $AAPL in Q1, and Warren Buffett explicitly attributed this to tax
"If I’m doing it at 21% this year and we’re doing it a little higher percentage later on, I don’t think you’ll actually mind"
https://t.co/yX6c8ooZ7V https://t.co/7763Xsuhtz
tweet
Berkshire Hathaway reducing Apple in Q2
$BRK.B also reduced $AAPL in Q1, and Warren Buffett explicitly attributed this to tax
"If I’m doing it at 21% this year and we’re doing it a little higher percentage later on, I don’t think you’ll actually mind"
https://t.co/yX6c8ooZ7V https://t.co/7763Xsuhtz
tweet
Offshore
Photo
Finding Compounders
Came across this interesting story involving Charlie Munger.
“What we learned pitching our startup to Charlie Munger - and how we almost went hunting elephants together” - Daniel Lewis https://t.co/VP76mvZL6z
tweet
Came across this interesting story involving Charlie Munger.
“What we learned pitching our startup to Charlie Munger - and how we almost went hunting elephants together” - Daniel Lewis https://t.co/VP76mvZL6z
tweet
Offshore
Photo
Librarian Capital
Philip Morris $PM shares now up 30%+ since both chair (and former CEO) André Calantzopoulos and CFO Emmanuel Babeau sold stock at ~$90 in Feb-24
Calantzopoulos and Babeau will do well anyway
But insider sales, like job moves, are not a good signal https://t.co/XtHBZXWKU8
tweet
Philip Morris $PM shares now up 30%+ since both chair (and former CEO) André Calantzopoulos and CFO Emmanuel Babeau sold stock at ~$90 in Feb-24
Calantzopoulos and Babeau will do well anyway
But insider sales, like job moves, are not a good signal https://t.co/XtHBZXWKU8
tweet
Offshore
Photo
Librarian Capital
FDA database of pre-existing smokeless tobacco product submissions includes 2 entries from "Swidish Match", right after many from $PM Swedish Match, in what is likely a typo (vs. attempt at imitation)
https://t.co/QTKqi3D39K https://t.co/68DslSTePp
tweet
FDA database of pre-existing smokeless tobacco product submissions includes 2 entries from "Swidish Match", right after many from $PM Swedish Match, in what is likely a typo (vs. attempt at imitation)
https://t.co/QTKqi3D39K https://t.co/68DslSTePp
tweet