Monday Morning Links 2023 Week 23

Global stock-related links

Last week’s post had 10,400 views - beyond my expectations. Thanks for the support!

Americas:

• Mostly Borrowed Ideas on Sherwin-Williams (🇺🇸 SHW US － US$62 billion)

• Canadian Dividend Inv on Bank of Nova Scotia (🇨🇦 BNS CN － US$60 billion)

• Canadian Dividend Investing on Imperial Oil (🇨🇦 IMO CN － US$28 billion)

• Value Don’t Lie on E&C company MasTec (🇺🇸 MTZ US － US$8.3 billion)

• Eagle Point Capital discussing Dun & Bradstreet (🇺🇸 DNB US － US$4.7 billion)

• Wes on retailer Academy Sports & Outdoor (🇺🇸 ASO US － US$4.0 billion)

• Chapter Twelve on wealth manger CI Financial (🇨🇦 CIX CN － US$1.9 billion)

• RGA Investment Advisory on Cytek (🇺🇸 CTKB US － US$1.1 billion)

• Wintergem on Hingham Institution for Savings (🇺🇸 HIFS US － US$453 million)

• Grizzly Research short report on Bluebird Bio (🇺🇸 BLUE US － US$386 million)

• Invariant on chemicals company United-Guardian (🇺🇸 UG US － US$39 million)

• WSG on the SOTP story for holdco FG Group (🇺🇸 FGH US － US$36 million)

Europe:

• Investing Marathon on London Stock Exchange (🇬🇧 LSEG LN － US$58 billion)

• Modern Investing Newsletter on Porsche (🇩🇪 PAH3 GY － US$18 billion)

• Redditor u/Sudden_Leg_2808 on Wise Plc (🇬🇧 WISE LN － US$7.7 billion)

• Librarian Capital on distiller Remy Cointreau (🇫🇷 RCO FP － US$7.6 billion)

• Bonsai Partners on Howden Joinery Group (🇬🇧 HWDN LN － US$4.6 billion)

• Firm Returns discussing Ecora Resources (🇬🇧 ECOR LN － US$363 million)

• Overlooked and Undervalued on Palace Capital (🇬🇧 PCA LN － US$127 million)

• Augustusville on label maker Nilörngruppen (🇸🇪 NILB SS － US$65 million)

• Hurdle Rate on accounting firm Aallon Group (🇫🇮 AALLON FH － US$43 million)

Asia-Pacific:

• Hosking Partners on oil refiner Cosmo Energy (🇯🇵 5021 JP － US$2.6 billion)

• Unfair Advantage on IT distributor Redington India (🇮🇳 REDI IN － US$1.8 billion)

• Deep Value Blog on Anglo-Eastern Plantations (🇬🇧 AEP LN － US$402 million)

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(estimated reading time)

• Jens Nordvig: A Brief History of Dollar Hatred (8 mins)

• Noah Smith: Real estate is China’s achilles heel (11 mins)

• RBA Advisers: The seesaw becomes extreme (3 mins)

• JP Morgan on the renewables transition (2:08 hours)

• China Charts: The return to king coal? (3 mins)

• Undervalued Shares: What we learnt from our Turkey investor trip (17 mins)

• Florian Kronawitter: Preparing for a cyclical downturn (7 mins)

• Ronald-Peter Stöferle’s In Gold We Trust report 2023 (417 pages)

• Andvari Associates’ 1Q2023 letter on US banks & Tyler Technologies (8 mins)

• Palm Capital’s 1Q2023 letter discussing ChatGPT & Google (5 mins)

• 180 Degree Capital’s 1Q2023 letter on their US micro-cap portfolio (30 mins)

• Harding Loevner Emerging Market Equity Fund’s 1Q2023 letter (16 mins)

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(listening time)

• Jamie Dimon on China, US Debt-Limit, AI (19 mins)

• Fidelity PM Joel Tillinghast on his career and new insights (52 mins)

• Former Richard Rainwater associate John Goff on US real estate (1:04 hours)

• Burton Malkiel on ESG, risk-parity strategies and US vs int’l stocks (50 mins)

• Paul D. Sonkin on his new book The Enduring Value of Roger Murray (1:36 hours)

• Jim Grant on the hidden risks in private equity and junk bonds (32 mins)

• Kieran Goodwin on his career as a credit investor (1 hour)

• British fund manager Jim Mellon on the value in BP and Shell (52 mins)

• Craig Bergstrom, Adam Blitz & Dan Fagan on hedge funds (1:14 hours)

• Former head of GS India Prashant Khemka on his career and more (39 mins)

• Eric Rothman discussing the state of the US real estate market (53 mins)

• Co-Chair of De Beers Bruce Cleaver on the future of diamonds (53 mins)

• Quant Deepak Gurnanin at MacroHive discussing trend strategies (49 mins)

• Harris Kupperman: “Oil is going to go to triple digits” (42 mins)

• Platinum on China reopening stocks & Japanese value stocks (39 mins)

• Seth Fischer at Oasis arguing that Japanese stocks are still cheap (4 mins)

• Special Situations Investing podcast on Clarkson PLC (13 mins)

• Start-up fund manager Joey Brookhart on Life360, Sonos (35 mins)

• Acquired Podcast going deep into everything Lockheed Martin (3:38 hours)

• Sleepwell Capital discussing the state of the music industry (1:11 hours)

• Business Breakdowns breaking down PayPal (1:07 hours)

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UN’s projected population growth across the US, Brazil, China, Japan, Italy and South Korea. Source: The Economist, UN Population Division

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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:

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