[dry-run excerpt] 👋 Hello and welcome to this week’s edition of ✨ Community Wisdom ✨ a subscriber-only email, delivered every Saturday, highlighting the most helpful conversations in our members-only Slack community . A big thank-you to this month’s community sponsor, PostHog . Give your agents product context. PostHog combines and stores your analytics, errors, replays, and business data so you and your agents can…
[dry-run excerpt] Hi! Welcome to a subscriber-only edition of Asian Century Stocks – a newsletter about Asian value stocks. For a complete list of all previous posts, check out the Table of Contents . Disclaimer : I am not licensed or regulated by the Monetary Authority of Singapore, and I am not a financial adviser. This post is my personal opinion, provided for informational purposes only. It is not a recommendat…
[dry-run excerpt] Today, I want to talk about another stock that I’m researching. It’s been sitting in my serial acquirer database for some time. This company is run by a management team from another successful serial acquirer that increased the market cap 10x in 10 years . The company is called Berner Industrier. Let’s dive in ⬇️ A short introduction A family-controlled Swedish industrial group, founded in 1897 an…
[dry-run excerpt] The Alpha Engineer Stock Ranking is provided weekly to paid subscribers. Stocks entering the top 5% of the ranking are provided to all subscribers. For details on how these rankings are utilized in both my personal portfolio and The Alpha Engineer Model Portfolio, check out the methodology . My method section provides additional tools and context, while my research demonstrates how the method can …
[dry-run excerpt] Proclamation of the Republic - 1893 - Benedito Calixto - Depicts the coup that removed the Brazilian monarchy and established a Presidential Republic - Wikimedia Last Sunday, Brazil held the first round of its Presidential Elections. The results surprised markets positively because the opposition candidate, Flavio Bolsonaro, came in first, ahead of incumbent Lula da Silva, giving him an almost unc…
[dry-run excerpt] Best Anchor Stocks has a partnership with Fiscal.ai (the research platform I personally use), through which you can enjoy a 15% discount on any plan . Use this link to claim yours! You’ll find KPIs, Copilot (a ChatGPT focused on finance) and the best UX: You can read this article (almost) entirely for free. If you like what you read, consider becoming a paid member to get access to… All in-depth r…
[dry-run excerpt] We’ve tracked this company since 2024, noting it several times over the past couple of years as a business we find incredibly interesting, but one that’s always been out of reach on price. Here’s the last time we published the companies we were screening including : The crowd has bashed it for its reliance on tiny-margin procurement that inflated the numbers on the way in and is deflating them on …
[dry-run excerpt] With many updates and Best Buys articles , as well as companies reviews , I have a lot of information that can be confusing as not aggregated. This is why, inspired by another newsletter that is called multibagger ideas (I achieved quite a bit of them myself- You can see the list of multibaggers on my about page), I introduce a research portal . Emerging Value is the newsletter that focuses on Eme…
[dry-run excerpt] In this digest, we curate the most insightful free online content. This substack aspires to be a platform for your growth, whether you’re on the hunt for ideas, looking to learn from great investors, or building a great investment firm. Check out the agenda for Latticework 2026 (November 10-11). The summit features fireside chats, panel discussions, idea pitches, and a group dinner. Capacity is st…
[dry-run excerpt] Welcome to the latest Weekly S&P500 #ChartStorm ! Tips and Takeaways from this week’s charts: The equal-weighted S&P500 is following the seasonal script. Election cycle seasonality is very bullish for Q4 and 2027. (but a key question: have we already brought some of this forward?) Semis are slipping, and continue to trade at a significant premium. Macro headwi… Read more
[dry-run excerpt] Executive Summary Current trends continue. The dollar and bond yields are still rising, the S&P 500 and Nasdaq printed new highs on the back of large-cap growth, and most other sectors sit at multi-month lows. Things are stretched, but there is no sign yet of a reversal. The government bond sell-off is global, not American. French spreads have blown out amid budget riots, and Japan’s 10-year last …
[dry-run excerpt] I hope you are enjoying the 1035 Capital free weekly update. To access the other 240+ charts in our full weekly update, upgrade to a paid subscription. Our full update is packed with so much data that Substack can’t handle it all, so we have to send it directly from our server to your email! Our weekly emails come from [email protected] - so make sure to add us to your safe sender l…
[dry-run excerpt] Some companies would truly benefit from Activism , where a shareholder proposes steps to improve the finances, operations or governance of the target company. But can a company benefit from … Parody ? And what should that be called? “ Shrubtivism” seems appropriate! Anyway. There’s only one way to find out. So here’s it goes, our inaugural Shrubtivism piece, so we had to choose a good one … and on…
[dry-run excerpt] Today's piece is free, and it includes two things: Crosscurrents and The Chartbook. Crosscurrents first, Issue 2, which is what the book has done since it went on the record at the October 1 open, name by name. Then The Chartbook, 60 of the charts our desk built this week across the twelve pillars, each with its numbers and what we take from it. It is going out on a Friday afternoon instead of Sun…
[dry-run excerpt] This post is coming at a weird schedule this week thanks to a hectic travel schedule. I’ll get back to the normal routine starting next week. Also, the pipeline includes a long overdue portfolio recap, another “investing field guide” (3 more to go!), and a special project I’m working on! Thanks for your support! 🫡 Today’s idea: IPO’d in 2021 at a ~C$1bn valuation — now a ~C$140m microcap with more…
[dry-run excerpt] Our new Takagi tankless ▶Best-laid plans (renovation) department: Last week, in the final throes of our renovation, I realized I hadn’t paid attention to the gas tankless water heater model our contractor had installed. He mentioned he could get a good price on a Takagi, the same tankless brand in our prior house. We had replaced it with a different brand, since it was near end-of-life. While I te…
[dry-run excerpt] Mortgage rates are up, so housing stocks are down. Berkshire has been taking advantage of the weakness to buy more shares of Lennar. Their thesis is probably simple. There is a shortage of houses in the US, and everyone wants to own a home. Demand is not a problem; affordability is. Mortgage rates are causing some sticker shock at the moment, but they’e unlikely to seriously harm the market. Consu…
[dry-run excerpt] “He hits from both sides of the plate. He’s amphibious.” – Yogi Berra On January 6, 2025, Indonesia formally acceded to full membership in BRICS, the starts-and-stops, Russia- and China-led organization seeking to create an alternative to the US dollar-based global financial system. As the war in Iran has since made clear, whatever limitations might be plaguing America’s wildly overfunded and corr…
[dry-run excerpt] It was another frenetic week in the oil market, with oil prices highly volatile but only up 0.8% by the end of the week to WTI $91.85 - despite tanker attacks, reports of Middle Eastern infrastructure damage, and more claims of “progress towards peace.” Below I share some key charts, observations and Bison Insights perspectives: Subscribe now I made a big call early in the week, as oil prices fell…
[dry-run excerpt] This is the start of a mini-series that picks the brains of those who invest in the frontier/emerging space. I’m a big fan of Michael’s approach of seeking out emerging/frontier countries experiencing… Read more
[dry-run excerpt] Bond yields are soaring. The U.S. 30-year Treasury yield climbed to 5.67% on October 7, its highest level since 2002: The combination of rising oil prices, inflation risk, and growing national debt appear to be pushing yields higher. In this article, I’m providing an update on an investment idea with asymmetric upside if yields continue rising . The idea pays off if the securities held by the ETF …
[dry-run excerpt] I’ve told you about the time I owned a pub , but have I told you about the time I owned a football club? It was 1996 and an opportunity arose to invest in Liverpool FC. At the time, the club was majority owned by the Moores family, heirs to the Littlewoods retail and football betting fortune. David Moores, the club’s chairman, owned 51%. But Moores didn’t control all the shares. Since the club’s f…
[dry-run excerpt] I was watching the developments around People Inc’s acquisition offer for MGM Resorts International (MGM) with bated breath. I am currently vested in People Inc (PPLI) since its IAC days and wrote up here about how it is actually an anti-conglomerate in disguise obscured by conglomerate complexity and a massive look through discount. Fully acquiring MGM would have been a major catalyst for PPLI an…
[dry-run excerpt] Welcome to 1979, fellow card-carrying capitalists. I’m very excited to almost be out of the ’70s. Not that I haven’t enjoyed this decade. It has certainly been pivotal for Buffett and Berkshire, but as part of my research, I tend to watch the biggest hit movies from the year I’m covering. I’m looking forward to some ’80s movies and music. But for now, we’re still in the ’70s, and boy, what a ride …
[dry-run excerpt] As expected, we started this past week on the weaker side bottoming out at the end of the quarter pushing the models from “sell” into “neutral”. Here’s what’s in today’s update: >Trading plan and forecast update for SPY, QQQ, and VIX leveraging my full option and macro data set with key price levels to watch >Where are interest rates, oil, and gold headed? >Tail and macro risk model updates, shoul…
[dry-run excerpt] Dear readers, The site from which I get the majority of my films, rarefilmm.com, is in danger of shutting down. Apparently, donations to the site have dropped considerably over the last few months. Rarefilms.com is a -treasure trove- of rare and obscure films. There are nearly 4000 movies available there! Please, please consider donating to […]
[dry-run excerpt] Yemen's Ansar Allah pounded Saudi Arabia Saturday, injuring hundreds at the Riyadh airport but also halting flights at King Fahd airport in Dammam while rumors of hits on Saudi oil facilities ran rampant. Iran was active in the Strait again.
[dry-run excerpt] “He hits from both sides of the plate. He’s amphibious.” – Yogi Berra On January 6, 2025, Indonesia formally acceded to full membership in BRICS, the starts-and-stops, Russia- and China-led organization seeking to create an alternative to the US dollar-based global financial system. As the war in Iran has since made clear, whatever limitations might be plaguing America’s wildly overfunded and corr…
[dry-run excerpt] Richard Murphy makes the case for MMT in the aftermath of one of several looming crises.
[dry-run excerpt] “Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” —Pelé Understanding the oil market from Doomberg. 2.“Deep strike used to be the business of a very small club - at roughly $2 million apiece, bought by the dozen and treated like platforms: precious, slowly replaced, rarely expended. That weapon is n…
[dry-run excerpt] Graphic by Chessrat via Wikimedia Commons Everyone except the die-hard faithful now realizes that Donald Trump’s second presidency is a colossal failure . The president is doing his best to gin up symbolic, minor controversies in order to activate negative polarization and distract from his spectacular failures on inflation, the Iran War, corruption, racial harmony, and so on. These include demand…
[dry-run excerpt] Share Thailand has taken a meaningful step towards greater accountability in social protection by holding elections for worker and employer representatives on its Social Security Board. Labour Minister Julapun Amornvivat recently urged the roughly 12 million eligible insured workers and employers to cast their ballots, stressing the importance of the exercise for an agency that oversees a fund wor…
[dry-run excerpt] By: Tim Daiss Photo from Philippine Information Agency The Philippine government’s latest attempt to accelerate electric vehicle (EV) adoption in Metro Manila is already facing headwinds, prompting regulators to relax restrictions on which vehicles qualify for newly authorized ride-hailing franchises. The reversal raises a larger question: Is the country’s… Read more
[dry-run excerpt] Share For the first time since the end of the Second World War, Japan has formally signalled through its annual defence white paper that it is prepared to remilitarise in response to what it describes as an increasingly complex and dangerous regional environment. The document, Defense of Japan 2026, marks a clear departure from the post-war constraints that confined Tokyo largely to a defensive po…
[dry-run excerpt] Spend enough time in markets and you learn that what you’re feeling is often what others are feeling too. There is no rising above the crowd. There is only noticing: I’m scared to buy, so others must be too. I’m slow to exit, so others must be too. For the past few months, equities have been punishing—following a run that seared fast profits into recent memory. I’ve been hearing the same story fro…
[dry-run excerpt] Do you know Drew Cohen ? He founded Speedwell Research to provide investors with deep, long-term analysis of public companies. Drawing on his experience at Goldman Sachs and Capital Group, Cohen researches high-quality businesses and explains how they create value and compound over time. His investment philosophy is very similar to ours. Let’s dive into how he finds great quality stocks. This arti…
[dry-run excerpt] Illustrations by Meg Pearl This week, we’re rooting for the little guys at Paris Fashion Week, finding love notes in discarded books, and saying no to robots with literary dreams. COLD HARD CASH From having money to blow to blowing it all Megan Nolan has been broke, and she’s had plenty. She’s been unable to pay the subway fare and blown $1,500 on a single dinner. Having lived on both ends of the …
[dry-run excerpt] WATCH the video on Substack by clicking the play button above or on YouTube ( here ). STREAM audio only on Apple Podcasts ( here ), Spotify ( here ), or your favorite podcast player app. DOWNLOAD a pdf of a moderately edited transcript using the blue Download button below. 2026 10 10 Super Spiked 231 Transcript 785KB ∙ PDF file Download Download This week we have a twist on our Q&A styled commenta…
[dry-run excerpt] A faster interconnection queue is not necessarily a better interconnection product that can be commercially developed, underwritten, and turned into reality. The longer we wait to recognize dispatchability attributes of flex loads, the worse off we’ll be: creating “paper compliance” with FERC Orders without commercially viable products. Recognizing this, on October 7, joined four companies in the …