2022 annual review

The structure of this annual review will be as follows: Introductory ramblings Returns Reading and listening in 2022 Targets for 2023 Outro Introductory ramblings Any sane investor can quickly realize the pointlessness of calendar year returns, yet here we are, tied to the calendar. Buffett uses sliding five year periods when comparing his returns to … Continue reading 2022 annual review →

How to start investing?

This is quite a common question, especially after a long bull market, where everyone seems to make money in the markets. It is great that people realise that their money can work for them, be compounded, in order to generate a small fortune. However, since few professional money managers can outperform the market consistently over … Continue reading How to start investing? →

Nekkar (NKR) Update

This is going to be the first update of a previously written up stock on ValueTeddy’s Writeups. Nekkar is a relatively long term holding of mine, and I wrote about it on 17.05.2021 at a price per share of 8.75 NOK, or a 950 m market cap. On the 17th of February 2022 Nekkar released their fourth … Continue reading Nekkar (NKR) Update →

AQ Group (AQ)

In this edition of ValueTeddy’s Write-ups we are examining a Swedish industrial high-quality business, trading at single digit multiples. Business AQ Group is a Swedish manufacturing company that was founded in 1994 and listed on the Stockholm exchange 2001. Their business is divided into two segments: Systems, and Components. Systems include the business divisions Electric … Continue reading AQ Group (AQ) →

Copart (CPRT)

For this edition of ValueTeddy’s Write-ups we are taking a look at Copart, as suggested to me by the highly inspiring Professor Kalkyl. Copart have had a massive run up the last few years, experiencing significant multiple expansion combined with high and steady growth in sales and earnings. The stock has appreciated from sub 20 USD … Continue reading Copart (CPRT) →

Dividends and Dividend Yield

In this post I am going to tackle dividends, and dividend yield. First I am going to focus on the capital allocation aspect of dividends, and then there will be a brief discussion about dividend yield. Paying high dividends means that the company uses a lot of the cash it generates to pay dividends to … Continue reading Dividends and Dividend Yield →

Looking for fat pitches

As I was Re-listening to the 1996 Berkshire Q&A, it struck me again how GOOD the idea to look for those fat pitches is. It resonates with the fact that an investor needs only a few great ideas to produce a great track record. There is no need to swing on everything, but instead look … Continue reading Looking for fat pitches →

Short on shorting

Every now and then I see one or two questions regarding shorting stocks, and I thought I'd put down some of my thoughts. First of all, shorting can work for some, for short time periods, but when shorting you are inherently fighting an uphill battle for a few reasons. In order to fully understand these, … Continue reading Short on shorting →

Charlie Munger’s Investing Checklist

In an interview with BBC, Charlie Munger outlines a checklist for Berkshire investments. It takes him about a minute to run thorough it, but it contains a wealth of information. In this post I hope to dig into the four point Charlie Munger names. The interview can be found here. Charlie names the list about 6 … Continue reading Charlie Munger’s Investing Checklist →

Global Momentum

Nyligen har jag börjat ett litet test för att komplettera min globala indexexponering. Inspirationen kom delvist från mitt egna intresse i kvantitativa strategier, och dels från FondSmurfen och Nicklas och Fabians superbra podd MarketMakers. Ni kan läsa mer på Börslabbet av Henning Hammar, länk här: Global Trendföljning. Tanken är väldigt simplifierat att man investerar i … Continue reading Global Momentum →