Peter Mantas on Investing at the Frontier of Quantum Computing

We had the pleasure of speaking with Peter Mantas of Logos LP, about intelligent investing in the quantum computing revolution.

Burford Capital: Litigation Financier With Attractive Business Model

This article is excerpted from a letter by Mordechai Yavneh, managing member of Focus Capital Management, based in New York City.

Public Equities in Southeast Asia: An Overlooked Asset Class

Southeast Asia is left behind by equity investors while the outlook is attractive, particularly in a post-trade war and post-Covid world.

Rajeev Agrawal on Key Lessons Learned Over the Past Year

Warren Buffett’s animated series, The Secret Millionaires Club, has a catchy tagline, “The more we learn, the more we earn.”

Post COVID: More Inequality, More Grievances, More Debts

The economic system that has delivered great benefits is at risk of being undermined by the side effects of the system – particularly inequality.

Oakcliff Capital: Reflections After Sixteen Years

We have a simple plan going forward: Keep doing what we do. Having turned $1 into $14 over 16 years, we would like to turn $14 into $100.

Massif Capital Commentary: Growth Markets Meet Tangible Assets

We are enthusiastic and encouraged by the seismic undercurrents in the energy, industrial, and basic material landscape.

Burford Capital: Misunderstood Global Litigation Finance Leader

Burford is a global litigation finance company, which in essence means that they fund and otherwise monetize commercial lawsuits in exchange for a portion of the proceeds received. With their dual-listing in October, Burford now trades both on AIM (the junior London stock exchange) in Great British Pounds (GBP) and on the New York Stock Exchange in US Dollars (USD).

Silicon Motion: Well-Positioned, Firing on All Cylinders

Silicon Motion designs and sells controllers which manage the NAND flash memory ubiquitous in modern computing. Wherever there is NAND flash, there must be a controller, often one from Silicon Motion. SIMO is an ADR (American Depository Receipt) trading on the NASDAQ.

Lindblad: Small-Ship Cruise Company Focused on Expedition Market

Lindblad is a small-ship cruise company focused on the expedition market. Lindblad primarily offers nature-oriented cruises to exotic locales such as Antarctica, the Arctic, the Galápagos Islands, and similar regions. These cruises are more expensive and profitable than the standard fare offered by mainline cruise companies.

Viemed: Healthcare Company With Long-Term Growth Profile

Viemed is a healthcare company operating in the US market. Viemed’s main focus is ventilators, particularly non-invasive ventilators that are provided in the home for late-stage COPD patients. Viemed trades both on the Toronto Stock Exchange in Canadian Dollars (CAD) and on the NASDAQ in US Dollars (USD).

Three Clusters For Quality Investing: Elevators, TIC, Aircraft Engines

While different in nature, we feel there are parallels between thinking about clusters and Charlie Munger’s “mental models”.

Rudi van Niekerk on Temperament, Focus, and Habits in Investing

We are pleased to share an interview with Rudi van Niekerk, founder and fund manager at Desert Lion Capital, based in Cape Town, South Africa.

A Cheat Sheet on Holding Companies for Value Investors

HoldCos fly under the radar of those who focus exclusively on “pure plays” or on quantitative screens of accounting-derived statistics.

Volatility-Based Alpha, Our Framework, and Compounders

The agenda will begin with volatility-based alpha; we’ll move into our process and then discuss our wealth-building compounders.

Best Ideas 2021 Preview: KVH — Transitioning to Subscription Model

KVH Industries made strategic progress in 2020, but results suffered in non-strategic areas and the stock’s performance was flat.

Introducing the ZIPSS: Zillow, IAC, PAR Technology, Stitch Fix, Square

We have been talking a lot internally about a group of holdings we call the “ZIPSS”. This is a group of technology companies …

The Unique Ingredient of Haidilao’s Success: Love

The company I’ll discuss at Best Ideas 2021 is Haidilao. This article is an introduction to Zhang Yong, co-founder and chairman.

Best Ideas 2021 Preview: Commodity Company With Attractive Model

If commodity prices average levels of 2019 in 2021 the company trades at a free cash flow yield above 20% or an EV/EBIT below 6x.

On Successful Investing: Start with the Simple Question, “Why?”

Simon Sinek did a great TED Talk in 2009 (the third-most watched TED Talk ever, with over 50 million views) regarding WHY.

Three Stages of My Evolution as an Investor

I hope that you can use this disruption to break stale habits you may have, and drive positive change in your investing process.

A Snapshot of Our Investment Philosophy

We love finding two types of investments: (1) A business which has a great product or service that is in the early days…

Reiterating Robotti & Company’s Value-Based Approach to Investing

There has been a consistent foundation to our approach over the 35 years we have been around, and that is we are unabashed value investors.

Small Cap Value Investing: Why Bother?

Are we in a stock market bubble? I think you first need to define the “market”. During the five years ended in October 2020…

Overview of UnitedHealth: Broadest, Highest-Quality Network in the U.S.

UnitedHealth is the U.S. healthcare behemoth, generating $240 billion in revenue from services that touch more than one in three Americans.

Complexity vs. Simplicity: Surprising Implications for Investors

Complicated pitches with detailed financial models are often perceived as more compelling than simpler pitches based on “napkin math”.

Why We Seek the Company of Long-Term Compounders

Since one cannot predict when a crisis will come along, I’ve found it ideal to remain in the company of “compounding machines”.

Selected Highlights of the Annual Letter of Saber Capital

Our results over the years have been earned by investing in stocks of great businesses when they become temporarily mispriced.

Desai Capital Management: Value Drivers vs. Value Traps

This article is authored by MOI Global instructor A.J. Noronha, partner; equity research & portfolio committee at Desai Capital Management, based in…

Alibaba: Thoughts on Chinese Regulation of Internet Platforms

Given a spike in investor concerns about China regulation, we discuss the changes, the regulatory context, and the impact on Alibaba.