⁠Librarian Capital
"Rightmove targeted for takeover offer by Murdoch-backed Australian rival" (FT)

$REA "revealed it was considering the move after reports (and) has until the end of September to formally make an offer" for $RMV https://t.co/Rtud58WQG0

UK’s Rightmove targeted for takeover offer by News Corp’s REA https://t.co/Yjmf42s7nl - FT World News
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⁠Librarian Capital
"[From the Archives] Rightmove: Reassessing after CoStar Entry & Lindsell Train Speculation"

With a potential $REA offer, we are republishing our Nov-23 $RMV assessment after the Costar/OnTheMarket transaction FREE

Shares have gained ~50% since
https://t.co/Dk9zLOHD9b https://t.co/fKOsCmAYL3
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⁠Quality Stocks
🇫🇷 Dassault Aviation $AM one pager

🏆 Score 7.1/10 - Helped a lot by valuation and expected future growth
🎯 My fair price estimation is around 210€

🐂 Bull case
- Strong recent order intake
- Very inexpensive ($16.5B market cap - more than $9B net cash position + $9B shares in Thalès --> this creates a negative EV)

🐻 Bear case
- Erratic revenue
- Low ROIC
- Ultra erratic FCF
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⁠Stock Analysis Compilation
Brown Capital on Dr. Lal Pathlabs $LALP IN

Thesis: Dr. Lal Pathlabs is set to dominate India's growing diagnostics market with its cutting-edge digital infrastructure and strategic expansion into underserved areas

(Extract from their Q2 letter) https://t.co/AgnX9DwJlA
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⁠Invest In Assets 📈
RT @InvestInAssets: 8 Visual Investing Lessons🧵

1: Moats are essential for long-term investors: https://t.co/MK49STm6Wd
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⁠Librarian Capital
Smithson managers spent 30+ years at Goldman
Fundsmith head of European sales is a Habsburg

These are v. successful people and pedigree is part of that success; but key to that success is the ability to raise AUM (anyone can pick stocks)

You don't have to follow what they do

Smithson $SSON decisions to sell Rightmove $RMV in Sep-23 and buy Croda $CRDA in Nov look very wrong with hindsight

Using mid-month prices in each case:
- CRDA down 19% since buy
- RMV up 7% since exit

Copying big-name investors often do not work https://t.co/LfNBBkW14m - Librarian Capital
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⁠Quality Investing with Aria
RT @QualityInvest5: ITS HAPPENED

WOOOOOOOOOOOOOOOOOOOOOOO https://t.co/91mdyr45fA
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⁠Librarian Capital
Ruffer: Remember this in the FT from 6-Aug?

"Ruffer ... was another investor to have profited from the turmoil, having long warned of an impending market slump ... $RICA ... is up more than 4% since the start of July"

They have lost most of that gain since
Now up just ~1% YTD https://t.co/eP71mfzUPL
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⁠Librarian Capital
Vasili Mitrokhin was a KGB archivist who spent 12 years copying secret documents in the office and smugging out the notes until he retired in 1984

He waited until 1991 before approaching Western intelligence as a "walk in"

Incentives matter, but not always in the way you expect https://t.co/EUR3N80yJW
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