value and opportunity

Chinese researchers conclude that Ai cannot pick (Chinese) stocks successfully The Slow Compounding Substack on Swedish Serial Acquirer Momentum Group KNA Capital thinks that Howden’s has a great opportunity in the US (Via Flyover stocks) Quick pitches for

DCC – post mortem Let’s start with the positive case.

Upfront remarks & Management summary: This is not a deep dive but more like my typical “first round screening” of a potential interesting investment.

Great deep dive into Software Serial Acquirer Vitec from the Slow Compounding Substack A nice collection of 26 different UK stock ideas from the “British Alpha” Substack A great story on the history of the Bloomberg Terminal Latticework with a quite contr…

Background/Intro_ Some readers might remember that I did a series on Online travel companies some years ago.

Graoullie (or his Antagonist) on the history of Dior and the LVMH holding structure Andrew Brown with an update on Exor Spa Some good thoughts about the impact of Meta’s Muse on “Inertia loser” stocks Corteva is spinning of its Seeds business soon.

Disclaimer: This is not investment advice.

The Slow Compounding substack is “teeing up” a series on 12 less obvious, overlooked serial acquirers The Quality Stocks Substack with a “Software is not dead” pitch Warren Buffett now also stepped down as Chairman of Berkshire Hathaway after six decades…

Norma Buyback Tender: The original write-up is from mid-June and can be found here.

Dario Amodei’s Essay on “pacing AI development” is worth reading Also the independent review of the Hugging Face “Swarm attack” is a good but scary read.

DISCLAIMER: This is not Investment Advice.

Some deep thoughts on writing with AI from VC legend Brad Feld Some thoughts on how mRNA technology could move beyond vaccines Nice 6M letter from Intrinsic Funds with deep dives into Mercado Libre & Nubank A new Mauboussin paper on the wisdom and non-wis…

Disclaimer: This is not investment advice.

Interesting profile on Bill Ackman from Fortune Magazine Recommended: Sector Stories Substack with yet another well research post, this time on the luxury industry Interesting deep dive into OpenAIs Business model from a Private Equity perspective At least

Upslope Capital’s 6M letter including their Magnum Ice Cream pitch Dynasty Trust’s quarterly letter with a positive view on Travel stocks and a deep dive into EVT Ltd from Australia A very good Substack article on the different ways Private Equity Managers

Frosta Frosta, the German “Hidden frozen Food champion” that I wrote up in February already released 6M results this week.

Management Summary: In this post, out of pure self-interest, I looked a little bit deeper into Terry Smith’s controversial 6M Fundsmith report and focus on the “Active vs.

Is the AI Boom just a giant Real Estate Bubble ?

In the first 6 months of 2026, the Value & Opportunity portfolio gained +8,1% (including dividends, no taxes) against a gain of +6,2% for the Benchmark (Eurostoxx50 (25%), EuroStoxx small 200 (25%), DAX (30%), MDAX (20%), all TR indices).

Castlelake vs.