Luuk

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Luuk

Luuk

@MindfulCompound

Investor in quality businesses led by excellent managers, while ensuring I don’t overpay 🧠 Next to that, I’m a writer of a blog on (high-)quality investing! 📚

Katılım Mart 2024
946 Takip Edilen553 Takipçiler
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Luuk
Luuk@MindfulCompound·
I’ve just shared my third deep dive with you - this time on $NEDAP.AS, a Dutch small-cap tech player and one of my biggest holdings. It is quite extensive, with an estimated reading time of ~50 minutes, so there’s plenty to unpack. I hope you enjoy it! open.substack.com/pub/mindfulcom…
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First Hill Capital
First Hill Capital@FirstHillcap·
What’s the news here what am I missing
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Quiet Compounders
Quiet Compounders@JayusCap·
(1/8) Looking for software-like characteristics, but without the AI disruption fears? Tasmea Limited ($TEA) offers exactly that and more (60% insider ownership, >25% ROIC and a history of tripling EBIT every three years) at less than 13x NTM P/E.
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John Huber
John Huber@JohnHuber72·
Completely agree. The farming analogy is what I was thinking about last night when I read that piece. The machine would have been viewed as existential to farm workers (and it was), but they didn’t imagine all the new jobs that were created for them and their fellow humans because of it.
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tae kim
tae kim@firstadopter·
higher productivity leads to more jobs! 50% of country were farmers in 1870, now only 1-2%
John Huber@JohnHuber72

@TheBroskiUSA @firstadopter Not if 50% of humans are out of work! (Unless I guess the AI robots develop their own economy with their own buying power 😂) But yes, this fear is way overblown. Humans will adapt and remain gainfully employed over the long run

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David Senra
David Senra@davidsenra·
"Capitalism created the possibility of the win win win. It used to be a zero sum game where somebody won, somebody else lost. The biggest mistake people make, intellectuals in particular, they still think we're in a zero sum world. They're obsessed with some billionaires because Bernie Sanders thinks that Jeff Bezos and Elon Musk somehow stole the money from the people. They don't understand that it's this prosperity machine that's creating more, not just for those billionaires, but for everything that they're touching. They're creating value for their customers, they're creating value for their employees. Their suppliers are flourishing, their investors are seeing their capital go up. It can be reinvested and compound. All philanthropy ultimately comes from business. That's where the profits are. Where does all the taxes come from? It ultimately comes from business as well. This is the engine that's lifting humanity out. The entrepreneurs are the drivers of that engine. Somebody like Elon Musk, he gets a very, very, very tiny sliver of the value that he creates for the whole world." —@iamjohnmackey
David Senra@davidsenra

My Conversation with John Mackey (@iamjohnmackey), co-founder of Whole Foods Market. 0:00 Fanatical Entrepreneurs: Why Work Feels Like Play 2:18 The Missionary vs. Mercenary Co-Founder Conflict 6:16 The Shirtless Hitchhiking Hippie and Johnny Rockefeller 8:12 Entrepreneur Confidence: Solving Puzzles and Cracking the Code 10:19 Flying Under the Radar: How Supermarkets Ignored Whole Foods 10:52 Venture Capitalists Are Hitchhikers With Credit Cards 14:03 Builder Entrepreneurs vs. Serial Entrepreneurs 16:31 Time Is the Only Filter I Trust 20:52 How Walmart Accidentally Fueled Whole Foods' Success 24:01 The Jaw-Drop Effect: When Customers First Walked In 27:17 Growth Through Acquisition: Building Geographic Platforms 29:19 Secret Allies: The Natural Foods Network 33:17 Mrs. Gooch's and the Revelation of Scale 34:52 Missionaries Sharing Financial Statements and Building Friendships 38:10 Never Competing Head-On With Friends 41:22 Going Public and Creating Liquidity for the Network 42:00 Continuous Learning: The Michael Dell Principle 44:10 Steve Jobs and Spotting Markets With Second-Rate Products 46:50 The Joy of Watching Team Members Become Millionaires 48:09 Capitalism: The Greatest Thing Humans Ever Invented 55:59 Cult Brands Are Built by Evangelists 58:01 Passion Is Infectious: The Reality Distortion Field 1:00:08 From Busboy to CEO: The Resume of an Entrepreneur 1:02:57 Learning From Near-Death Experiences 1:04:05 Money Means Freedom: Early Work Ethic 1:05:25 Shoe Dog as the Benchmark: Belief Is Irresistible 1:09:16 Documenting Time: Why Chronology Matters in Memoirs 1:11:14 Rockefeller, Bezos, and Musk: The Master Strategists 1:14:39 Using Doubt as Fuel: The Slow Burn of Proving People Wrong 1:20:04 Daniel Ek and Having No Ceilings 1:23:09 How His Father Shaped His Ambition 1:25:52 Firing His Father From the Board: The Hardest Decision 1:28:01 His Mother's Deathbed Wish and Lasting Regret 1:34:47 The Ceremony of Forgiveness 1:36:17 MDMA Therapy and Breathwork: Accessing Deeper Consciousness 1:38:54 The Entrepreneurial Journey as a Spiritual Journey 1:40:45 Conclusion Includes paid partnerships.

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John Rotonti Jr
John Rotonti Jr@JRogrow·
"Bill Ruane consistently said that you will make more money from your six best ideas in life than from everything else you do. You really need to know what your six best ideas are. It’s okay to not be excited about everything. It’s okay to not find a great idea for a year or two. When you find that great idea, you want to buy it in size. Sometimes you have to trust your gut." - David Poppe, December 2025 Graham & Doddsville
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Bryan Lawrence
Bryan Lawrence@brl11·
Safety data posted by Waymo this week is great news, showing an ~80% drop in accidents compared to human drivers. Cars driven by humans kill 40,000 Americans a year. If Waymos drove us all, there would be 32,000 fewer deaths each year. It is good to see trials beginning in NYC and this amazing technology spreading
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Luuk
Luuk@MindfulCompound·
@evfcfaddict Where did you find that PE already sold a big chunk? Do you know how much is left of their position?
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Andy
Andy@evfcfaddict·
Bought back $AZE.BR cheaper. Took a closer look the last weeks and this looks very compelling midterm. Earnings are near the bottom and PE has already sold a big chunk. ST their selling might limit upside though-happy to make it top 3 if we get lower.
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Adrián, Head of the arena 
Thoma Bravo is bullish on 🇪🇺 European software companies: - Software spending will grow at ~11% CAGR - They are 25% cheaper vs US comps - There are 13,000+ software cos with over $10M in annual revenue, generally profitable Very bullish for $TOI.V cc $CSU.TO
Adrián, Head of the arena  tweet mediaAdrián, Head of the arena  tweet mediaAdrián, Head of the arena  tweet mediaAdrián, Head of the arena  tweet media
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Luuk
Luuk@MindfulCompound·
@Mufasa_Capital @Mufasa_Capital However, in a downturn like this, one of the things I like about Judges' as an investment is that they are rational enough to strike when others pull back (turning it into an opportunity). Hopefully, they'll buy something and put a good 'crisis' to use.
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Luuk
Luuk@MindfulCompound·
@Mufasa_Capital 1. Public R&D is also a countercyclical policy, so your conclusion feels a bit rushed; it's something to look out for though. 2. Less Chinese students in the U.S. don't necessarily lead to a loss of rev for Judges. Feels like they just result in a shift in demand to other uni's.
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Leandro
Leandro@Invesquotes·
1/ A perfect market timer who bought the market at its lowest PE in 1920 (4.8x) and sold at peak PE (44.2x) in 1999 would've realized a 14.5% 79-year CAGR. From this 14.5%... - 2.8%/year was attributable to multiple expansion - 11.7%/year was attributable to biz performance
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Luuk
Luuk@MindfulCompound·
@investseekers @janklp Misschien is dit stuk van enige waarde voor je! (ik heb het niet gelezen)
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Ethan Tucker
Ethan Tucker@TheGarpInvestor·
This level of concentration is wild. Far braver than I am. Just one of the many reasons why Michael Burry is a whole lot richer as well.
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Luuk
Luuk@MindfulCompound·
@rp_juanjo @InvEnCalidad Yes these aren't insider purchases, but the company buying back their own shares. Medpace announced a program more than 10% of their current market cap; so if Mr Market keeps the price down - fine by me!
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Invirtiendo en Calidad
Invirtiendo en Calidad@InvEnCalidad·
Publicado el análisis detallado de Medpace $MEDP Todo lo que uno necesita saber sobre la compañía y con las dos primeras secciones en abierto. Comparte si te añade valor! Artículo en el siguiente post.
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Luuk
Luuk@MindfulCompound·
@rp_juanjo @InvEnCalidad Not sure about the capital allocation of ICLR, but one nice upside is that management is buying back lots of stock at Medpace. Could be a nice extra kicker for when the industry gets back on its feet (and subsequently the share price of these companies).
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Ju🅰️njo DGI investor
Ju🅰️njo DGI investor@rp_juanjo·
@InvEnCalidad Interesante este sector actualmente, muy penalizado por la incertidumbre que rodea a las farmas.$ICLR cotiza a la mitad de $MEDP dentro del mismo nicho, esta última sin deuda y con márgenes y crecimiento algo mayores, pero menos upside en una vuelta a la normalización, IMO. Sdos!
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Rene Sellmann
Rene Sellmann@ReneSellmann·
@MindfulCompound That's amazing! How much are these funds allocating to stocks %-wise? (roughly...)
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Rene Sellmann
Rene Sellmann@ReneSellmann·
Stock ownership rates within Europe vary dramatically. In Estonia, 53% of household financial assets are in equities. In the UK and Germany? Just 11% ... despite stocks being the greatest asset class on earth. Time to rethink old habits?
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Always Be Investing
Always Be Investing@always_invest·
I am assembling a team for this Ghibli meme... Ackman - Pershing Square Peterson - Boston Omaha Gayner - Markel Who you adding? $PSH $HHH $BOC $MKL
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