Firm Returns

Last night I sent out a new research report on Shepherd Neame $SHEP to start the New Year firmreturns.com/shepherd-neame…

This is something the AI evangelists seem to be missing:

@AJButton2 Not technically true if full blown AGI were achieved. At that point all the apocalyptic scenarios can play out e.g. terminator, matrix, etc.

The fundamental problem with AI is the RELIGIOUS FUNDAMENTALISM that surrounds it. AI is not a God that will build Heaven on Earth, nor a devil with an anti-human agenda. It's JUST A TOOL, as good or as bad as the humans that use it, and so it always will be.

Sent out a new article this morning: firmreturns.com/an-everyday-ex…

@AJButton2 @CompoundinGirl Before passing it into the trustworthy hands of people like Bill Gates.

@CompoundinGirl Same thing he'd do every night, pinky: Sit tight in Berkshire stock.

What would Buffett do here?

@Ben_ValueInvest Agreed. I've got a couple in my portfolio now.

@FirmReturns I think a basket of UK pubs might do well in general. Quite a few are appealing.

New report on a profitable, cash flowing business trading at 0.39x book value and 0.31x its real NAV using updated property values. firmreturns.com/shepherd-neame…

@Ben_ValueInvest Definitely similarities. I include Young's as a case study later in the report alongside several other comparable public and private companies.

@FirmReturns Admittedly I've only read your exec summary, but it doesn't seem too different to my thoughts on Young & Co: Trading at 60% of assets and having faced the same headwinds. Similar charts.

Something new I'm trying. If you'd like me to send out all free articles this way in addition to the newsletter, please help me by sharing it.

The Chinese property market is in really a crazy place. My wife was talking to her parents today and they said their two prime location apartments have halved in value. There's a pretty good chance they'll fall further as they still cost more than 15 times the average salary.

Three contrarian ideas with 100%+ upside from a recovery

New free article covering three contrarian investment ideas firmreturns.com/three-contrari…

@CDInewsletter Got an article going out soon looking at 3 contrarian ideas that all pay a healthy dividend. Might give you some inspiration 😉

Need to buckle down and read more. There are clearly opportunities, I just need to find them. Also ♥️ the dozens of suggestions that I buy speculative non-dividend payers despite my screen name/bio. Never change, y’all.

Currently working on a new free article looking at three contrarian investment ideas. Two out of three researched so far and both are very interesting. Make sure you're subscribed to the newsletter to get them in your inbox (link in bio).