Monday Morning Links 2023 Week 24

Global stock-related links

Americas:

• Firm Returns on Warner Bros Discovery (🇺🇸 WBD US － US$34 billion)

• Value Don’t Lie on Labcorp’s coming spin (🇺🇸 LH US － US$19 billion)

• Analyzing Good Businesses on Brown & Brown (🇺🇸 BRO US － US$18 billion)

• Wolf of Harcourt Street on tech stock DocuSign (🇺🇸 DOCU US － US$12 billion)

• Sleep Well on RV maker Thor Industries (🇺🇸 THO US － US$5.0 billion)

• LATAM Stocks on Mexican PVC producer Orbia (🇲🇽 ORBIA* MM － US$4.4 billion)

• Canadian Dividend on industrial Stella Jones (🇨🇦 SJ CN － US$2.8 billion)

• Value Punks on tax refund company Global Blue (🇺🇸 GB US － US$1.0 billion)

• Hindenburg on problems with Tingo Group (🇺🇸 TIO US － US$193 million)

• From $100K to $1m on The Container Store (🇺🇸 TCS US － US$155 million)

• Canadian Dividend on Canadian Net REIT (🇨🇦 NET-U CN － US$84 million)

• Clark Street Value: net-net Quince Therapeutics (🇺🇸 QNCX US － US$57 million)

Europe:

• Abilitato on British American Tobacco (🇬🇧 BATS LN － US$73 billion) (German)

• Value and Opportunity on Handelsbanken (🇸🇪 SHBA SS － US$17 billion)

• Turtles on Swedish gaming roll-up Embracer (🇸🇪 EMBRACB SS － US$3.0 billion)

• YAVB on litigation financing company Burford (🇬🇧 BUR LN － US$2.9 billion)

• Mr Market Miscalculates on Mayr-Melnhof Karton (🇦🇹 MMK AV － US$2.9 billion)

• Clark Square Capital on OTA Lastminute.com (🇨🇭 LMN SW － US$373 million)

• Moram on Italian small-cap Unidata (🇮🇹 UD IM － US$133 million)

• RhinoInsight on driving school 123fahrschule (🇩🇪 123F GR － US$22 million)

Asia-Pacific:

• Jehoshaphat: update on Techtronic Industries (🇭🇰 669 HK － US$17 billion)

• Breeley Capital on beer producer Multi Bintang (🇮🇩 MLBI IJ － US$1.2 billion)

• Oriental Value on watch retailer Oriental Watch (🇭🇰 398 HK － US$290 million)

• Asian Century Stocks on Fuji Corp Miyagi (🇯🇵 7605 JP － US$190 million)

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(estimated reading time)

• Michael Mauboussin: ROIC and the Investment Process (31 pages)

• Man Group: Alt-data: the key to predicting the next crisis? (8 mins)

• Goehring & Rozencwajg’s 1Q2023 report: Hubbert’s peak is here (38 pages)

• Marc Andreessen: Why AI will save the world (31 mins)

• Junto Investments discussing pricing power (34 mins)

• Matthew Ball: What it takes to build a large tech platform (1 hour)

• Ben Thompson on Apple Vision (20 mins)

• RBA Advisors: How are new bulls born? (4 mins)

• Jesper Koll on Tokyo’s housing market (9 mins)

• Aswath Damodaran on the recent banking crisis (21 mins)

• Verdad argues for selling one-day options on a systematic basis (6 mins)

• FarmTogether, Inc: Introduction to farmland investing (10 mins)

• Open Insights with an update on the current market for crude oil (4 mins)

• Palm Valley Capital on how earnings call mentions of inflation (7 mins)

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(listening time)

• Stan Druckenmiller on Nvidia, China’s future & more (32 mins)

• Jeff Gundlach’s macro and market views June 2023 (58 mins)

• Seawolf’s Vincent Daniel argues that the Fed put still exists (1:24 hours)

• Ray Dalio on money, debt and the political landscape (26 mins)

• Eric Basmajian: Markets are signalling a recession is imminent (54 mins)

• Bob Robotti on his career & current outlook (33 mins)

• Nassim Taleb on today’s macro picture and cryptocurrencies (31 mins)

• Unlimited Funds’ Bob Elliott on macro and the hedge fund industry (1:11 hours)

• Michael Skinner on launching a new fund Blackwattle in Australia (11 mins)

• Jim Grant believes interest rates will stay high (45 mins)

• Adam Shapiro on asset allocation and assessing fund managers (59 mins)

• Gene Munster with his view on how to invest in tech in 2023 (40 mins)

• Joseph Wang providing his view of Treasury markets in 2H2023 (1:14 hours)

• Martin Fridson of Lehmann Livian Fridson Advisors on Fed policy (34 mins)

• Jim Falbe of new value shop Saguaro, spun out of Vulcan (1:03 hours)

• Alberto Gallo of Andromeda Capital on opportunities in credit (40 mins)

• Value Stock Geek on writing on Substack and how he’s investing (1:16 hours)

• Mathieu Chabran of Paris-based Tikehau Capital on the industry (1:11 hours)

• Thomas Bachrach at PFH Capital on Natural Resource Partners (1:32 hours)

• Business Breakdowns on First Citizens Bank (1:03 hours)

• Marc Rubinstein on Capital One Financial (1:13 hours)

• Mike Alkin of Sachem Cove on the supply & demand for uranium (48 mins)

• Sara Naison-Tarajano of Goldman Sachs on how HNWI invest now (32 mins)

• David Mitchison of Zennor: It’s time to buy Japan (48 mins)

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The outperformance of Russia’s St Petersburg stock exchange 1865-1917. Source: International Centre for Finance at Yale

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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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