⁠Librarian Capital
Jonathan Ruffer $RICA on the Yen last October (7-Oct)

"We have a big position in the yen ... When (technical reasons) dissipate ... it is likely to be concertinaed into a brisk uncontrollable move upwards"

Yen actually kept falling for another 10 months
It is still 4% lower y/y https://t.co/JGBao9tFgz
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⁠Librarian Capital
"Skin in the game" at Ruffer Investment Co. $RICA

Manager 1 owns 58.1k shares - just £161k
Manager 2 owns 15k shares - £42k

These numbers are peanuts in City terms
Numbers unchanged from Dec-23, despite share price at multi-year lows

The fund is for thee but not for me https://t.co/NwmrrxLLJL

"Skin in the game" at Ruffer Investment Co. $RICA

Manager 1 owns 58.1k shares - that's just £153k
Manager 2 owns 15k shares - £40k (was zero in Jun)

Manager 1 in his 40s and has been at Ruffer since 2012
By all accounts they pay well

The fund is for thee but not for me ... https://t.co/4xJOmKcZsr - Librarian Capital
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⁠Alex Bilzerian
RT @matterasmachine: @AD14367367 @alexbilz You can view speed as probability of motion from 0 to 1 where 1=C
In that case motion in opposite direction you can view as negative probability.
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⁠Alex Bilzerian
I just hate to look at this in a math mindset.

@martinmbauer https://t.co/HFYBZPJ4SQ - Alex Bilzerian
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⁠Stock Analysis Compilation
Artemis on National Grid’s $NG/ LN

Thesis: National Grid's strategic investments in the energy transition make it a solid long-term play, with regulatory support driving its expansion in electricity infrastructure

(Extract from their Q2 letter) https://t.co/nTlw2A6wdv
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⁠Librarian Capital
AT&T $T selling 70% interest in DirecTV $DTV to TPG
$7.6bn, in separate payments in 2024, 2025, 2029

DirecTV operated as a AT&T/TPG JV since 2021
DirecTV reportedly in merger talks with $SATS's Dish https://t.co/LNNUFILehe
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⁠Capital Employed
We always enjoying reading write-ups from @david_katunaric

Credit Bureau Asia $TCU.SI is David's latest.

A provider of credit and risk information solutions in Southeast Asia.

Full write-up... 🔻

https://t.co/ZzxQNvTVh3
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⁠Librarian Capital
We removed Rightmove $RMV from our model portfolio* as we didn't think $REA bid would succeed (5-Sep)**

"Few synergies"
"Several large long-term shareholders"

* Later & lower price than real life as letter is monthly
** We didn't think REA will even bid, let alone 4 times https://t.co/XmXAiLk6Pn

"Monthly Ranked Top Buys - Aug/Sep 2024"

Model portfolio now gained +40.0% since start of 2023
We replace one holding and resize others
Includes recap of Q2 results & key news for all holdings

https://t.co/EFzcw1UjK6 https://t.co/9LCKEorcBm - Librarian Capital
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⁠Alex Bilzerian
Renormalization From Lorentz to Landau (and Beyond)
See pg. 63 for context:
https://t.co/EKDxk6h4x6 https://t.co/1C7veDGFF2

I just hate to look at this in a math mindset. - Alex Bilzerian
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⁠Alex Bilzerian
So much more work to do on negative probabilities in quantum mechanics.
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⁠Dimitry Nakhla | Babylon Capital®
7 Quality Stocks Double-Digit CAGR* Potential Assuming <10-year mean p/e | ltm roic 💵

1️⃣ alphabet $goog $googl
•10-year mean: 23x
•cagr assuming 21x: 11.79%
•ltm roic: 30%

2️⃣ visa $v
•10-year mean: 28x
•cagr assuming 27x: 11.66%
•ltm roic: 35%

3️⃣ amazon $amzn
•10-year mean p/ocf: 24x
•cagr assuming 16x: 16.85%
•ltm roic: 14%

4️⃣ monster beverage $mnst
•10-year mean: 33x
•cagr assuming 30x: 10.51%
•ltm roic: 31%

5️⃣ asml holding $asml
•10-year mean: 31x
•cagr assuming 28x: 12.09%
•ltm roic: 40%

6️⃣ paypal $pypl
•all-time mean: 29x
•cagr assuming 20x: 15.62%
•ltm roic: 16%

7️⃣ alibaba $baba
•10-year mean: 22x
•cagr assuming 14x: 18.17%
•ltm roic: 10%

#stocks #investing

*cagr potential using estimates for fiscal year (fy) ending 2026
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