Monday Morning Links 2023 Week 42
Global stock-related links
Berkshire Hathaway aficionados will enjoy the interview with Todd Combs. He believes short-selling requires an 80-85% hit rate and that generalists win over the long run.
But the real highlight is the interview with Felix Zulauf. He argues that the world is returning to a cold war between US- and China-led blocks of nations. After a mild US recession, he believes inflation and interest rates will head higher, hurting real estate and bond markets.
The stock write-up I found most compelling this week was Wolf of Harcourt Street’s post on Swedish online casino service provider Evolution. Platforms that enable others to make money tend to earn a high return on capital. Its top-line growth has been incredible. The only question marks are regulation and recurring share issuance.
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