ValueHurts

@GrahamMuirhead5 @RudyHavenstein @texan77581 In Germany also maybe? Perhaps it’s not just the country but the people that share their religion, that they have secretly taken over our governments and are enslaving us? What could we possibly do about this? Any ideas?

@RudyHavenstein @valuehurts @texan77581 An increasing number of people are coming to that conclusion, and not just in the US.

Germany has killed over 40,000 anti-regime protesters in recent days, and is less than two weeks away from a nuclear weapon.

@bagaski @RudyHavenstein Well of course… not the freedom loving, misunderstood, brave freedom fighters of Hamas…

@valuehurts @RudyHavenstein All killed by the idf apparently

@RudyHavenstein @texan77581 The enemies of your country are generally the ones that have street parties after terrorist attacks on your country not the ones that name streets after American presidents, have American weapons, a large American population and deep economic ties to the US.

@valuehurts @texan77581 She should be able to say that. Free speech means nothing if only approved narratives are allowed. I personally view the state of Israel as the enemy on my country.

@RudyHavenstein @texan77581 She is saying that Israel should not exist. Maybe go and spend some time in the Middle East and get a feel for things…

@valuehurts @texan77581 I don't think she was involved, and there's a holocaust going on in the mideast right now.

@RudyHavenstein @texan77581 To be fair that’s pretty bad in a country that committed the holocaust…

@texan77581 She did. Something about a river and a sea.

@1l1il8 It’s when men are doing washing up and the belt buckle is behind the t-shirt pushing against the counter side.

كل قمصان اخوي فيها هذي الثقوب في الجهة الأمامية؟ أحد يعرف ليش؟ وش السبب؟ هل كل الرجال كذا !!

@hareng_rouge @BerkelKip Despite? CFO of Judges Scientific and former HG Capital/ Constellation Software?

@valuehurts @BerkelKip Despite the directors’ backgrounds you mean?

Reviewing my position in Software circle $SFT.L and topped up the position. Everything seems to be going fine, company is growing organically and through acquisitions. Company is valued at £60m and is now a group of eleven VMS businesses, with annualised run rate revenues of approximately £24m at an aEBITDA margin of 25% so £6m. This seems a very fair valuation for something that could grow earning 15-20% over the long term. Still no real analyst coverage. No real listed competitor in the U.K. softwarecircle.com/investor-relat…

@BerkelKip Operating returns on capital deployed is 25% but can’t see it all broken out. I have faith in their discipline especially due to controlling interests and directors backgrounds etc.

@valuehurts What sort of returns on capital deployed on M&A do you calculate they achieve? Last few acquisitions they seem to have paid up a lot more for

Same with loads of brands especially those bought by PE. Once you start to see products in TJ/TK Maxx it’s over…. I don’t like the model. It’s a bit like a mining business you need to keep buying new resources to extract. Better is the long term mindset like LVMH who try and increase brand equity and push quality. Higher NPV….

7/ VF sold Eagle Creek in 2021 + by 2023 was exploring a sale of the rest of its backpack division the article frames it as a repeatable playbook: acquire, optimize, degrade, narrow warrant, extract brand equity, divest same happening in power tools, boots, sunglasses...

1/ cool article I love backpacks + mostly use WNDRD PRVKE they didn't pay me for this nor did i fund them i paid $250+ and own a few (small 21L for every day carry or 'edc' as bag nerds call it; 31L for camera trips + larger 41L for travel where i throw my kids stuff in too)

@MarketPalmer_ @Wexboy_Value Everybody in Europe uses WhatsApp.

Apple could start charging $3/month for iMessage and I don't think they'd lose a single customer.

@realroseceline Relatively small flex…. lol

Many years ago I invested about $55,000 in $NFLX, a relatively small amount of money. Over the years there’s been everything, drama, controversy, strong opinions, huge moves up and down, you name it. Through all of it, I never sold a single share. I just sat there owning the business I bought in the first place. Now years later, even after today’s 10% decline, it’s still about a 13 bagger. But the reality is it didn’t happen in one move. It happened slowly and quietly while the stock was doing everything it could to shake people out along the way. Most people would have sold this stock 10 different times. On the way down when fear takes over, on the way up when it “feels expensive,” after a big gain to lock in profits, or after bad news when the story looks broken. The volatility was never the problem, it was the filter that is part of the investment game. Most people would never get a 13x return even if they owned the stock, because they wouldn’t sit through what it takes to get there. The biggest risk wasn’t the stock going down, it was me selling. The real edge wasn’t buying $NFLX, plenty of people did that. The edge was doing nothing while everything was happening. This didn’t require more effort, it required less. Less reacting, less checking, less doing and more ass sitting. I rarely check the stock price and I don’t overthink it. I just like owning a great business with a management team I trust. I’m not trying to trade stocks, I’m trying to own businesses. Ideally indefinitely! The money isn’t made in the buying or the selling, it’s made in the holding. It sounds simple, but it’s one of the hardest things to actually do. And that’s what the vast majority of people still don’t understand anything about successful investing. There’s nothing unique about this outcome. What’s rare is the behavior required to achieve it. This is the core idea behind my upcoming book, where I go deep into the mindset and behavior required to actually compound. 🌹

A very overlooked factor that has been disrupting various industries is the ability of an entrepreneur to now design, manufacture and market products at a very low cost and with relative ease. Digitisation, outsourced manufacturing, website and marketing software, automated shipping etc. This has been a huge force in alcoholic beverages, sports clothing, snacking etc. As manufacturing becomes ever more automated and AI assists in designing more complex products and branding I would expect this dynamic to become further entrenched. How long will it be until a single prompt will open up a company, design products, have them manufactured, marketed and sold?

@lasse108 Good luck with low cost brokers…

We need to get back to the stock market being the trading of physical certificates

@theficouple @finding_finance Depends on age and income… without understanding the situation you can’t answer this…

Let’s say you had $132,000 in the bank. But you also have a $132,000 mortgage at 4.8%. Would you invest the money in the stock market or pay off the house?

@pepiteseurope @capitalatrisk23 Really got to suffer to get the required long term change. I believe it will eventually come. Those companies with the N.Sea assets are actually long dated call options. With the current business and cash flows priced reasonably now you get the optionality for free.

@capitalatrisk23 @valuehurts Indeed, that is why I hope for a really tough winter for Europe. Only this could help (although germany seems to be really hard wired on their ideology)

100% agree with him on this For some reason UK decided, along with Germany to die instead of prospering. $HBR.LON FYI @valuehurts

London under rent control vs today.

@david_mullens @RobertJenrick That would be even worse

@valuehurts @RobertJenrick We could start by getting back into the Single Market.

British car makers currently don’t stand a chance against unfair Chinese competition. The car industry isn’t alone. In Newark, for example, a local bearing business, NSK may cut more than 200 UK jobs as it struggles to compete with Chinese exports being dumped into the market. This government might be intensely relaxed about this, but Reform UK aren’t. If Beijing continues to cheat, Reform UK will introduce tariffs and quotas for cars to protect jobs across the country. That’s exactly what Europe and Canada have done. And we will make British firms competitive again - drilling for domestic oil and gas, rapidly pursuing nuclear energy and removing green taxes - to lower sky-high energy bills and give them a chance to succeed.