Offshore
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Stock Analysis Compilation
Cleabridge on Tokio Marine $8766 JP
Thesis: Tokio Marine’s dominant market position, strategic divestitures, and strong cash generation provide multiple avenues for value creation, making it a compelling investment in the global insurance sector.
(Extract from their Q3 letter) https://t.co/swya4aKwxl
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Cleabridge on Tokio Marine $8766 JP
Thesis: Tokio Marine’s dominant market position, strategic divestitures, and strong cash generation provide multiple avenues for value creation, making it a compelling investment in the global insurance sector.
(Extract from their Q3 letter) https://t.co/swya4aKwxl
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Offshore
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Hidden Value Gems
An interesting interview with a retail analyst by @barronsonline who provided 5 reasons why luxury is more challenging than it appears. Highlighted #LVMH as the safest bet.
Discussed a few turnaround cases like $GAP $VSCO $PVH $KTB https://t.co/gMRzgG69lP
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An interesting interview with a retail analyst by @barronsonline who provided 5 reasons why luxury is more challenging than it appears. Highlighted #LVMH as the safest bet.
Discussed a few turnaround cases like $GAP $VSCO $PVH $KTB https://t.co/gMRzgG69lP
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Offshore
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Stock Analysis Compilation
Ennismore on D’Ieteren Group $DIE BB
Thesis: D’Ieteren’s undervalued stake in Belron, alongside potential catalysts like an IPO and strategic insights from new CEO Carlos Brito, make it a compelling buy trading at just 9x 2025 earnings.
(Extract from their Q3 letter) https://t.co/86GyNByXlI
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Ennismore on D’Ieteren Group $DIE BB
Thesis: D’Ieteren’s undervalued stake in Belron, alongside potential catalysts like an IPO and strategic insights from new CEO Carlos Brito, make it a compelling buy trading at just 9x 2025 earnings.
(Extract from their Q3 letter) https://t.co/86GyNByXlI
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Offshore
Video
Startup Archive
Peter Thiel on how to identify great talent
Peter Thiel is famous for discovering undervalued talent throughout his career. The most well-known example is PayPal, where he recruited people who went on to start companies like YouTube, LinkedIn, Yelp, Affirm, and Yammer. But he also recruited Alex Karp, his former classmate at Stanford Law School, to co-found Palantir with him 2003.
Tyler Cowen asks Thiel what traits he looks for in undiscovered talent that everyone else overlooks. Thiel replies:
“It’s very difficult to reduce it to any single trait. A lot of what you’re looking for are these almost zen-like opposites.”
He gives a few examples:
“You want people who are both really stubborn and really open-minded. That’s a little contradictory. You want people who are sort of really idiosyncratic and really different, but then who can work well together in teams… If you focus too much on one end of it, you tend to get it completely wrong… [I like to look for] these combinations of unusual traits.”
Essentially he looks for idiosyncratic people with combinations of unusual traits that counterbalance those idiosyncrasies.
Video source: @mercatus (2015)
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Peter Thiel on how to identify great talent
Peter Thiel is famous for discovering undervalued talent throughout his career. The most well-known example is PayPal, where he recruited people who went on to start companies like YouTube, LinkedIn, Yelp, Affirm, and Yammer. But he also recruited Alex Karp, his former classmate at Stanford Law School, to co-found Palantir with him 2003.
Tyler Cowen asks Thiel what traits he looks for in undiscovered talent that everyone else overlooks. Thiel replies:
“It’s very difficult to reduce it to any single trait. A lot of what you’re looking for are these almost zen-like opposites.”
He gives a few examples:
“You want people who are both really stubborn and really open-minded. That’s a little contradictory. You want people who are sort of really idiosyncratic and really different, but then who can work well together in teams… If you focus too much on one end of it, you tend to get it completely wrong… [I like to look for] these combinations of unusual traits.”
Essentially he looks for idiosyncratic people with combinations of unusual traits that counterbalance those idiosyncrasies.
Video source: @mercatus (2015)
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Offshore
Photo
Stock Analysis Compilation
Ennismore on Ryanair $RYA LN
Thesis: Ryanair’s robust balance sheet, dominant market position, and aggressive share buybacks set it up for strong cash flow generation, trading at an attractive valuation with durable growth ahead.
(Extract from their Q3 letter) https://t.co/ROjSudE1xn
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Ennismore on Ryanair $RYA LN
Thesis: Ryanair’s robust balance sheet, dominant market position, and aggressive share buybacks set it up for strong cash flow generation, trading at an attractive valuation with durable growth ahead.
(Extract from their Q3 letter) https://t.co/ROjSudE1xn
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Offshore
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Investing visuals
You can pick one to hold for the rest of your life. Would you pick Visa $V or Mastercard $MA? https://t.co/BFYqp8JgH8
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You can pick one to hold for the rest of your life. Would you pick Visa $V or Mastercard $MA? https://t.co/BFYqp8JgH8
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Offshore
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Hidden Value Gems
I have never had a strong conviction on #Vistry but always had a feeling it was oversold. It is not NVR and UK is not US.
But with the stock down so much I think reallity has finally hit it.
The market is no longer believing management’s £1B capital returns and £800m EBIT mid-term target. This is a much more interesting case now.
What do you think? 🤔
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I have never had a strong conviction on #Vistry but always had a feeling it was oversold. It is not NVR and UK is not US.
But with the stock down so much I think reallity has finally hit it.
The market is no longer believing management’s £1B capital returns and £800m EBIT mid-term target. This is a much more interesting case now.
What do you think? 🤔
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