Semlanomics

Very happy with my 2025 return of 160% (vs 44% last year). For some reason US stocks tend to lag by 2 days on Nordea, so it might change some %. Will write a longer post on my reflections when I have time! Happy New year everyone and may you compound even faster next year!

Snap has clearly shown that they can grow profitably already, so it is only a matter of ramping it up. As a scaleable social media app that leverages network effects, its AI risks are exaggerated in my view. I feel this is a good entry point. Not financial advice. Do you own DD.

Trigger is if profitability suddenly jumps and I think there are several potential factors that offer upside optionality, while limiting downside: - Strong Snapchat+ growth (35% yoy in Q3 '25) - Influencer activity on app has increased lately - Positive FCF each q since Q3 '24

Bought $SNAP ahead of Q4 earnings (VWAP $6.96). The case imo resembles that of Spotify. User engagement and retention has always been exceptional, the question is if they can monetize their users. While not a Q4 play per se, I do find it interesting over next 12M.

@jokkexxx Från en som nyligen tvingades binda upp mer EK till att köpa en större bostad i Sthlms innerstad vill jag bara hälsa att det är uppfriskande höra någon som har samma förakt kring att köpa bostad. Håller 100% med!

Svinkul att få snacka lite skit med Sveriges nya podcastsavant!

2025 was admittedly my best year, returning 160%, but is it a one-off? A bit more on my investment approach, track record etc. dassemla.substack.com/p/my-current-i…

Note that my typical investment horizon is 6 months to 2 years, and I've held all of these for at least 9 months by now. I have several new cases I'm looking at and could change my portfolio as soon as tomorrow.

$talk On 11% sales growth and 13% ebitda margin, you have $talk at 4x 2026e ev/ebitda. This is lower than management's own growth cagr expectations and just 1ppt ebitda margin improvement y/y. Net cash and ~10% fcf yield in 2025E, so decent MoS. Dividend in Q4 could be a trigger.

Portfolio update! Since new year my portfolio has been unchanged: 59% $ZEPP, 15% $USWE, 14% $ACAST and 12% $TALK. All of them started with a weight of between 10-20% of my total portfolio, I've just held onto Zepp while it delivered outsized returns.

Surprised so few have highlighted the gigantic risk that Polymarket poses to sport book operators and online operators. Kambi is a clear stay away in my book right now, but most operators are also at risk.

OK, WHO DID THIS???🤣🤣🤣

Chappelle's sketch of US invading Iraq in 2003 rings just as true today. youtu.be/9DLuALBnolM?si…

Have done 0 DD and not a macro guy, so take it with a grain of salt. But my spontaneous thought following US capturing Maduro: Chinese defense stocks. Let it simmer for a bit and get back to me, k?

Great tip that I agree with. Also how I work. Follow most micro caps once a half year. But keep a short list that you follow closely on a quarterly basis. Then pick some 3-6 from that list to invest in at any given time.

@hbinvesst Snyggt jobbat!!

Tackar Gud för ett bra o roligt år. Hcap out

These are backwards times, a creepy rich guy has an island with more kids than a daycare in Minnesota

Grattis Investor AB=1000 Miljarder. Fantastiskt.