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Librarian Capital
Your periodic reminder that posting your stockpicks (and going on podcasts) can be harmful to returns
Nick Sleep: "Evangelism is not healthy"
An investor doing so may "subconsciously rob himself of his objectivity and the option to change his mind"
(Nomad letters, 2004)
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Your periodic reminder that posting your stockpicks (and going on podcasts) can be harmful to returns
Nick Sleep: "Evangelism is not healthy"
An investor doing so may "subconsciously rob himself of his objectivity and the option to change his mind"
(Nomad letters, 2004)
PS. Why talking abut stock picks is bad. "Evangelism is not healthy". "In publicly disclosing his stock picking commitments, does the investemnt mgmr. subtly and no doubt subconsciously rob himself of objectivity and the option to change his mind?". Nick Sleep won't like FinTwit! https://t.co/HqEr5YBIt8 tweet
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Librarian Capital
Arthur Gallagher $AJG - look at that straight line ... https://t.co/oJK5Lh747T
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Arthur Gallagher $AJG - look at that straight line ... https://t.co/oJK5Lh747T
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Stock Analysis Compilation
Clearbridge on Element Fleet $EFN CN
Thesis: Element Fleet's capital-light model and strong earnings growth potential make it a robust play in the fleet management space.
(Extract from their Q2 letter) https://t.co/8O8vIENjqB
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Clearbridge on Element Fleet $EFN CN
Thesis: Element Fleet's capital-light model and strong earnings growth potential make it a robust play in the fleet management space.
(Extract from their Q2 letter) https://t.co/8O8vIENjqB
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App Economy Insights
Teens Survey by Piper Sandlers (Fall 2024):
👫 14K US teens surveyed
💰 Spending up 6% Y/Y
Insights:
📱 87% own an iPhone
👟 Nike shed 4pp in footwear
🤳 TikTok's lead expands +2pp
🍗 Chick-fil-A tops restaurants
🍿 Netflix & YouTube still far ahead https://t.co/NGhO42YTMu
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Teens Survey by Piper Sandlers (Fall 2024):
👫 14K US teens surveyed
💰 Spending up 6% Y/Y
Insights:
📱 87% own an iPhone
👟 Nike shed 4pp in footwear
🤳 TikTok's lead expands +2pp
🍗 Chick-fil-A tops restaurants
🍿 Netflix & YouTube still far ahead https://t.co/NGhO42YTMu
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Quiver Quantitative
RT @InsiderRadar: 🚨Major gains on insider purchases by director at $RNAC
🔹 Oct 2: ~$95.8k purchase
🔹 Oct 3: ~$2.4M purchase
🔹 Oct 4: ~$1.83M purchase
📈 $RNAC stock is up ~34% since the buying started https://t.co/tasVnmGSWI
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RT @InsiderRadar: 🚨Major gains on insider purchases by director at $RNAC
🔹 Oct 2: ~$95.8k purchase
🔹 Oct 3: ~$2.4M purchase
🔹 Oct 4: ~$1.83M purchase
📈 $RNAC stock is up ~34% since the buying started https://t.co/tasVnmGSWI
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Hidden Value Gems
Vulcan Value Partners: 3 new positions in Q3 '24 - $LVMUY $EG $PGHN.SW
🧵👇🏽
"LVMH is the largest luxury goods manufacturer in the world. It benefits from brand equity curated over decades with high quality, exclusive products that are instantly recognisable to consumers worldwide. LVMH owns a global portfolio of 75 luxury brands across various categories such as fashion, jewelry, wines and spirits, cosmetics, watches, and other goods."
"LVMH’s founder and CEO, Bernard Arnault, has operated the business with a long-term mindset that should endure long past his tenure."
"After several years of above-trend growth, LVMH’s sales growth has slowed, and we believe its profits will decline marginally this year. We believe the company can compound its value at a low double-digit rate over our long-term time horizon."
"We have owned LVMH in the past, and recent stock price volatility has allowed us to buy this wonderful business with a margin of safety to our estimate of intrinsic value."
1/3
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Vulcan Value Partners: 3 new positions in Q3 '24 - $LVMUY $EG $PGHN.SW
🧵👇🏽
"LVMH is the largest luxury goods manufacturer in the world. It benefits from brand equity curated over decades with high quality, exclusive products that are instantly recognisable to consumers worldwide. LVMH owns a global portfolio of 75 luxury brands across various categories such as fashion, jewelry, wines and spirits, cosmetics, watches, and other goods."
"LVMH’s founder and CEO, Bernard Arnault, has operated the business with a long-term mindset that should endure long past his tenure."
"After several years of above-trend growth, LVMH’s sales growth has slowed, and we believe its profits will decline marginally this year. We believe the company can compound its value at a low double-digit rate over our long-term time horizon."
"We have owned LVMH in the past, and recent stock price volatility has allowed us to buy this wonderful business with a margin of safety to our estimate of intrinsic value."
1/3
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Hidden Value Gems
It was not that long ago when International stocks were more expensive that the US (probably when everyone loved China) 👇🏽 https://t.co/jpmuobPMJQ
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It was not that long ago when International stocks were more expensive that the US (probably when everyone loved China) 👇🏽 https://t.co/jpmuobPMJQ
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Hidden Value Gems
Half of the people are not involved in $VTY.L. A quarter view the current issue as the buying opportunity, 15% see bigger risks, 10% still doing work.
Thank you for voting 👍
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Half of the people are not involved in $VTY.L. A quarter view the current issue as the buying opportunity, 15% see bigger risks, 10% still doing work.
Thank you for voting 👍
What do you think about Vistry?
$VTY.L
- A one-off, buy
- A serious issue, sell
- Not involved
- Still doing work tweet
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Librarian Capital
Investrors' Chronicle asked "Can Ruffer turn it around?" a year ago (10-Oct-23)
This was after Ruffer Investment Company $RICA shares fell 13% in the first ~9 months of 2023
A year on, RICA share price is up ... 2.7%
So the answer is they cannot https://t.co/tBbOqaCsV0
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Investrors' Chronicle asked "Can Ruffer turn it around?" a year ago (10-Oct-23)
This was after Ruffer Investment Company $RICA shares fell 13% in the first ~9 months of 2023
A year on, RICA share price is up ... 2.7%
So the answer is they cannot https://t.co/tBbOqaCsV0
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