After fifteen years of robust earnings growth, US stocks have appreciated so much that they represent 70% of developed market allocations.

Investors continue to be lured into new bubbles. One such bubble may well be Novo Nordisk, driven by expectations for their drug Wegovy.

In today’s higher cost-of-capital environment, some European equities offer an attractive opportunity to get more bang for your buck.

While our investees are performing well, to my surprise and disappointment, we find the strategy’s performance behind the S&P 500.

Examples of corporate activity include M&A, returns of capital to shareholders, spin-offs, sales of assets or complete divisions, etc.

Even though most of my investing career has been focused on small caps, I think blanket optimism for smaller stocks is dangerous.

Beyond temperament, investing is a lot about filters and mental models. A question I pondered this year would be a good example…

Sartorius Stedim Biotech provides products and services that enable biopharma companies to develop and manufacture medicines.

This article is authored by MOI Global instructor Krish Mehta, investment analyst at Enam Holdings, based in Mumbai, India. Krish is an…

Investing in consolidation situations as they develop can benefit from an increase in business quality not reflected in the recent price.

The valuations of developed equities (with the exception of the UK and a few other countries) remain near the highest levels in history.

Over the last several years, more companies have gone public with sky-high valuations, little-to-no profit, and big promises.

In today’s world of higher cost of capital, Europe’s cheap and profitable stocks offer an attractive place to earn more bang for your buck.

BMW’s net cash stands at almost 40% of its market cap. This is a record-high proportion. BMW’s management has two possibilities.

Great ideas do not happen every day, every month, or even every year. When they do appear, it is best to have been actively preparing…

Lloyds Banking Group trades under six times earnings and a ~20% discount to book value. We see this as worthy of attention.

This article is excerpted from a letter by MOI Global instructors Jim and Abigail Zimmerman of Lowell Capital Management.

In an environment of rising pressures, we look for companies that should do well independent of overall equity market conditions.

Many roads lead to Rome, and thinking in first principles can isolate the features of industries and investments that lead to duration.

Amazon needs no introduction in the value community. It may have one of the widest moats in the world. Berkshire bought a stake in 2019.

Since 1960, only about a dozen countries out of 150 or so have managed to materially better themselves relative to their peers.

We identify a “myopia of linear thinking” among many investors. They refuse to revisit industrials and ignore strong results as transitory.

The new era will place a primacy on existing hard assets – in stark contrast to the prevailing primacy on intangibles and cheap capital.

Why wouldn’t we buy more stocks with that mindset? We’d trade even less, keep the long-term horizon in mind, and do just fine!

Isn’t it a better method to access international markets through a US-listed multinational corporation? The answer is emphatically no.

While there are two large miners, Kazatomprom and Cameco, the most direct bet on uranium is the Sprott Physical Uranium Trust.

India is poised to grow at a staggering pace and become a $10 trillion economy by 2035 as per CEBR from its current $3 trillion size.

Security analysis cannot presume to lay down general rules as to the “proper value” of any given common stock.

One of my primary objectives is to document my thinking at the time of making some of the most important decisions of my investing career.

The Great Technology Bubble has resulted in the squandering of trillions of dollars of capital in the quest to find the next Amazon or Google.