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Finding Compounders
Reinvestment and ROIC are the compliments of new value creation.
Source: Brown Brothers Harriman https://t.co/RGNyzyoSAe
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Reinvestment and ROIC are the compliments of new value creation.
Source: Brown Brothers Harriman https://t.co/RGNyzyoSAe
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Hidden Value Gems
I am aware that "pessimists sound smart and optimists make money". But it still helps to consider all the arguments. Grantham mentioned Hussman's reports. Their latest piece puts current earnings expectations into a historical context, which is quite interesting.
🧵👇
h/t @billhester @hussmanjp
1/6
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I am aware that "pessimists sound smart and optimists make money". But it still helps to consider all the arguments. Grantham mentioned Hussman's reports. Their latest piece puts current earnings expectations into a historical context, which is quite interesting.
🧵👇
h/t @billhester @hussmanjp
1/6
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Hidden Value Gems
RT @HiddenValueGems: At the beginning of 2023, the market estimate for aggregate 2025 “Hyperscaler” Capex was just $154bn. This estimate has increased by 51% to $232bn by now.
At the same time, “revenue revisions for 2025 for these four companies have increased by just 4% (and have actually fallen by 9%
since the start of 2022), meaning that their aggregate capex/sales ratio has increased from 10% in 2023 to an estimated 15% in 2025.”
h/t @Argonautcapital
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RT @HiddenValueGems: At the beginning of 2023, the market estimate for aggregate 2025 “Hyperscaler” Capex was just $154bn. This estimate has increased by 51% to $232bn by now.
At the same time, “revenue revisions for 2025 for these four companies have increased by just 4% (and have actually fallen by 9%
since the start of 2022), meaning that their aggregate capex/sales ratio has increased from 10% in 2023 to an estimated 15% in 2025.”
h/t @Argonautcapital
$MSFT has seen the largest increase in Capex/Sales ratio in the past 10 years (now at 18% compared to 3% in 2014).
$AAPL Capex/Sales has actually declined over the same period (from 3% to 2%). https://t.co/83npeBxqn6 tweet
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Invest In Assets 📈
This is Walter Schloss.
Schloss achieved a 21.3% CAGR in the stock market from 1956 to 1984.
His bargain-hunting strategy is a must-read for investors.
Let's dive in 🧵👇 https://t.co/mLHvmFE9gV
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This is Walter Schloss.
Schloss achieved a 21.3% CAGR in the stock market from 1956 to 1984.
His bargain-hunting strategy is a must-read for investors.
Let's dive in 🧵👇 https://t.co/mLHvmFE9gV
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Hidden Value Gems
RT @HiddenValueGems: Fairly basic, but still a good reminder of the 5 typical mistakes investors make during increased volatility:
1️⃣ “They panic-sell: someone who stayed invested from 1980 until the end of March 2024 would have a 12% annual return, whereas someone who started at the same time, but sold after downturns and stayed out of the market until two consecutive years of positive returns, would have averaged a 10% return annually.”
via @MorganStanley
1/5
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RT @HiddenValueGems: Fairly basic, but still a good reminder of the 5 typical mistakes investors make during increased volatility:
1️⃣ “They panic-sell: someone who stayed invested from 1980 until the end of March 2024 would have a 12% annual return, whereas someone who started at the same time, but sold after downturns and stayed out of the market until two consecutive years of positive returns, would have averaged a 10% return annually.”
via @MorganStanley
1/5
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Stock Analysis Compilation
Colebrooke Partners on Watches of Switzerland Group $WOSG LN
Thesis: Watches of Switzerland Group's strong ties with Rolex and ambitious growth plans in the US market make it a compelling investment opportunity despite recent market sentiment
(Extract from their Q2 letter) https://t.co/BcCxTTPPNU
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Colebrooke Partners on Watches of Switzerland Group $WOSG LN
Thesis: Watches of Switzerland Group's strong ties with Rolex and ambitious growth plans in the US market make it a compelling investment opportunity despite recent market sentiment
(Extract from their Q2 letter) https://t.co/BcCxTTPPNU
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Invest In Assets 📈
The average fund investor significantly underperforms the S&P 500: https://t.co/4OKot6Ntzw
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The average fund investor significantly underperforms the S&P 500: https://t.co/4OKot6Ntzw
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