'Your performance tends to improve if you stop comparing it to other investors or some arbitrary benchmark. If you focus only on your investment process and what you can control, you are less stressed about your investment and give them more time to create long-term performance.'…

Just a thought: Could Philips be to Exor what Apple was for Berkshire? A dormant stock suddenly generating 100% gains? 🤔

$EXO.AS #Exor

My second idea for premium subscribers was actually Philips which is up 40% today. A rare coincidence. I am rarely so lucky or smart, and I don’t own it, only benefiting through Exor.

$META reported 27% sales growth in Q1 and improved operating margin (38%) vs 25% a year ago. The stock drops 10.5%.

$GOOG sales +15%, operating margin 32% vs 25% last year (Q1 23). The stock jumps 11%.

Is it all about the narrative with Zuck talking about more investments,…

Looks like a new investment approach, just find the seven magic stocks in your market. Valuation and fundamental analysis is from the past era.

It started with Magnificent 7, followed by Granolas and now Seven Samurais…

You know how it ends 😉

Thank you for voting 🙏🏽

I agree that Gucci's performance is key, at the same it looks like the market is much more cautious than before (where are the people who bought Kering's shares at €700?).

Planning to do more work, lack of enthusiasm is slightly positive imho...…

Enjoyed this Business breakdown on $IT
Has been on my radar, did not look cheap but the main reason I have not bought it was limited knowledge of its competitive advantage and growth potential.

All these points are discussed in detail in this episode - better than a typical…

$KER.PA #Kering is trading at 15x next year earnings, having profit warned twice this year.

Stock down 38% in 5 years (-44% in one year).

Where do you buy it?

$KER.PA #Kering is trading at 15x next year earnings, having profit warned twice this year.

Stock down 38% in 5 years (-44% in one year).

Where do you buy it?

A real moat…

PS: I am in Cardiff to attend $ADM.L agm tomorrow.

Enjoyed my first ever visit to a $GAW.L shop. Just wanted to understand the rules, different game options, basic strategy.

Great experience, very engaging.

I think I should try a Warhammer 40,000 with my son one day.

Quite a rare move for a UK company to buy its US peer.

➡️$87.5 offer price (21% premium to yesterday's close).

➡️Implies 10.8x fwd P/E.

➡️100% cash transaction

$JD.L $HIBB

A good take on why Tesla beats Volkswagen by Yanis Varoufakis.

$TSLA
$VWAGY
#VW

Most analysts are trained to forecast next-year earnings and a relevant multiple, but few focus on how long a company will stay in business. During the second session of my first Investment Masterclass, we discussed the longevity effect in investing, among other points that are…

Most analysts are trained to forecast next-year earnings and a relevant multiple, but few focus on how long a company will stay in business. During the second session of my first Investment Masterclass, we discussed the longevity effect in investing, among other points that are…

A new memo by Howard Marks. Key takeways
🧵👇🏽

✅'Because the future is inherently uncertain, we usually have to choose between (a) avoiding risk and having little or no return, (b) taking a modest risk and settling for a commensurately modest return, or (c) taking on a high…