Monday Morning Links 2023 Week 21

Global stock related links

In the past two years, I’ve been writing an email called “Monday morning links” to the subscribers of Asian Century Stocks.

I have now decided to spin off these posts into a separate Substack called “Monday morning links”. These posts will remain exactly the same, except that I will broaden the scope to include global stocks.

Why am I doing this?

1. To improve the signal-to-noise ratio: Many professionals who subscribed to Asian Century Stocks weren’t interested in the links email. So this will help improve the signal-to-noise ratio for them.

2. To add more value: I’ve found that most of you invest globally. So by adding links to global stock reports, I think most of you will get more and better ideas.

I will continue spending almost all of my time writing Asian Century Stocks, my Substack focusing on Asian value stocks.

Meanwhile, these Monday morning links emails will remain completely free.

If you want to unsubscribe to these “Monday morning links” emails, just click the unsubscribe button below. And then scroll down to the notifications section and click “Unsubscribe” yet again.

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• WSG Investment Research on Netflix (🇺🇸 NFLX US － US$162 billion)

• StockOpine on Booking Holding’s latest result (🇺🇸 BKNG US － US$102 billion)

• Invariant on British American Tobacco (🇬🇧 BATS LN － US$74 billion)

• Massif Capital on the politics around Petrobras (🇧🇷 PBR US － US$73 billion)

• Tech Fund Substack on Tokyo Electron (🇯🇵 8035 JP － US$63 billion)

• WSG Investment Research on Autozone (🇺🇸 AZO US － US$49 billion)

• Net Interest on Capital One (🇺🇸 COF US － US$37 billion)

• Undervalued Shares on M&A candidate Burberry (🇬🇧 BRBY LN － US$11 billion)

• Value Don’t Lie on Darling Ingredients (🇺🇸 DAR US － US$10 billion)

• 310 Value on Chemed (🇺🇸 CHE US － US$8.1 billion)

• Pyramids and Pagodas on Aneka Tambang (🇮🇩 ANTM IJ － US$3.1 billion)

• Asian Century Stocks on Japanese retailer Ryohin Keikaku, the owner of Muji (🇯🇵 7453 JP － US$3.0 billion)

• Bleecker Street Research on ArcBest (🇺🇸 ARCB US － US$2.1 billion)

• Muddy Waters on Chinook Therapeutics (🇺🇸 KDNY US － US$1.4 billion)

• SSI on Companhia Brasileira de Distribuicao (🇺🇸 CBD US － US$934 million)

• Abilitato on STEICO (🇩🇪 ST5 GR － US$675 million) (German language)

• Canadian Value Stocks on Morguard North American Residential REIT (🇨🇦 MRG-U CN － US$495 million)

• Moram Substack on yacht maker Catana Group (🇫🇷 CATG FP － US$242 million)

• SSI on Enzo Biochem (🇺🇸 ENZ US － US$120 million)

• Hurdle Rate on Kulcs-Soft (🇭🇺 KULC HB － US$33 million)

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(estimated reading time)

• Third Point Capital’s 1Q2023 letter (11 mins)

• Alluvial Capital’s 1Q2023 letter (15 mins)

• Massif Capital’s 1Q2023 letter (18 mins)

• China specialist Dan Wang interviewed by Noah Smith (23 mins)

• Variant Perception: EM bottom fishing checklist (1 mins)

• Jesper Koll: The bull case for Japan (7 mins)

• Emerging Value: Tech value tour Japan: Part 2 & Part 3 (9 mins)

• Alex Turnbull on the coking coal market (4 mins)

• Turtles Substack on Genomma Lab and Anexo Group (4 mins)

• Florian Kronawitter on Europe’s weakening economy (6 mins)

• Tech-focused Salt Light Capital’s 1Q2023 letter (28 mins)

• Greenhaven Road Capital's 1Q2023 letter (28 mins)

• Sohra Peak’s 1Q2023 letter (19 mins)

• Long Cast Advisers’ 1Q2023 letter (6 mins)

• Appleseed Fund’s 1Q2023 letter (11 mins)

• Voss Capital’s 1Q2023 letter (13 mins)

• Kinsman Oak’s 1Q2023 letter (11 mins)

• Maran Capital Management’s 1Q2023 letter (7 mins)

• Vulcan Value Partners’ 1Q2023 letter (7 mins)

• Rondure Global’s 1Q2023 letter (10 mins)

• Baron Fifth Avenue Growth Fund’s 1Q2023 letter (30 mins)

• Tweedy Browne’s 1Q2023 commentary (8 mins)

• Fairlight Alpha Fund’s 1Q2023 letter (14 mins)

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(listening time)

• 70 investors share their most important investment advice (1:52 hours)

• Jim Leitner discusses opportunities in macro (2:02 hours)

• Bridgewater CIO Karen Karniol-Tambour (38 mins)

• Marc Lasry on his career and current investment landscape (1:07 hours)

• MAN Group CEO Robyn Grew on portfolio construction (1:13 hours)

• Verdad’s Dan Rasmussen discussing European stocks & more (51 mins)

• Calvin Froedge on Petrobras and Ecopetrol (1:14 hours)

• Jonathan Cukierwar from Sohra Peak on Duratec and more (30 mins)

• Briann Finn of Findell Capital on Cutera and Oportun Financial (54 mins)

• Business Breakdowns on Fair Isaac Corp (FICO) (48 mins)

• Daniel Ek at Spotify interviewed by the team at Acquired (1:38 hours)

• Richard Lawrence discusses the importance of avoiding hyped stocks (39 mins)

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Hong Kong luxury goods sales is finally recovering now that the border has opened up. Source: Variant perception

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Interested in Asian equities? Check out my sister publication Asian Century Stocks, which provides deep-dives on value stocks in the Asia-Pacific region:

Disclaimer: Monday Morning Links uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers, including whether any investment suits your specific needs. From time to time, I may have positions in the securities covered in the articles on this website.