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Investment Talk provides deep equity research, market insights, personal finance strategies, interviews, and community discussions. It explores investment philosophies, dives into books on finance, evaluates market trends and individual company strategies, and comments on broader economic factors impacting investing. It promotes critical thinking, long-term perspectives, and the sharing of knowledge within the investment community.

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The hottest Substack posts of Investment Talk

And their main takeaways

Avoid Investors Who...

1356 implied HN points • 16 Jan 24
💰 Finance Investing
  1. Re-reading quality literature can be more valuable than reading new ones.
  2. Specialists may be more prone to cognitive dissonance compared to generalists.
  3. Management proficiency in capital allocation is crucial in investing.

S&P Addiction

707 implied HN points • 06 Feb 24
💰 Finance Investing Benchmarking Performance Global Markets Wealth Management
  1. Benchmarking can be a humbling but necessary process for investors to evaluate their performance relative to others.
  2. Choosing a benchmark is crucial for measuring investment success, considering time, effort, and opportunity costs involved in managing a portfolio.
  3. Fund managers and advisors use benchmarks for various reasons like performance evaluation, risk assessment, and ensuring accountability to clients.

Serial Acquirers, The Art of Not Selling, and Chuck Akre's Masterclass

569 implied HN points • 25 Jan 24
💰 Finance Investing Mergers & Acquisitions Capital allocation
  1. The post discusses the experience of heading to the USA for the first time and shares insights on a small cap company in the UK.
  2. An in-depth study on serial acquirers highlights the importance of CEOs with strong capital allocation skills.
  3. The paper 'The Art of Not Selling' by Chris Cerrone emphasizes the importance of patient and strategic investing decisions over succumbing to external pressures.
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Under the Hammer

353 implied HN points • 29 Jan 24
💼 Business Investment Marketplace Acquisitions Financial Performance
  1. Auction Technology Group (ATG) has a strong network effect connecting auction houses and bidders globally
  2. ATG's revenue grew after going public, showcasing potential for growth and expansion
  3. ATG's performance in 2023 indicated a mixed picture, with some segments showing declines and signs of cyclical behavior

Share Cannibals

766 implied HN points • 24 Oct 23
💰 Finance Investing Stocks Business Strategies
  1. Warren Buffett likes companies that aggressively repurchase their shares, calling them 'share cannibals'
  2. Share repurchases can increase ownership stakes in companies without extra cost
  3. Berkshire Hathaway indirectly increased ownership in companies like Apple and American Express through share repurchases

Neglected Aspects of Investing

864 implied HN points • 31 Aug 23
💰 Finance Investing
  1. Investing involves varying opinions and perspectives.
  2. There is no one-size-fits-all approach in investing.
  3. Many aspects of investing are not often discussed or appreciated.

This Year's Buffettisms

1159 implied HN points • 25 Feb 23
💰 Finance Investing Stock Market
  1. Berkshire Hathaway's annual return of 19.8% since 1965 beats the S&P 500's 9.9% performance.
  2. Annual shareholder letters from Berkshire contain helpful Buffettisms and market insights.
  3. Buffett emphasizes meaningful investments in businesses with favorable economic characteristics and trustworthy managers.

The Bit In The Middle

864 implied HN points • 08 Mar 23
📖 Philosophy Purpose Desire Perspective
  1. We all seek purpose and happiness to feel fulfilled and have direction in life.
  2. Our desires are heavily influenced by imitation from others, leading to a cycle of reinforcing desires.
  3. Achieving material desires can lead to a never-ending cycle of wanting more, but it's important to appreciate the present and not lose sight of what truly matters.

Charts Charts Charts

648 implied HN points • 26 Mar 23
💰 Finance Stock Market Investing
  1. Charts Charts Charts is a weekly curated snippets from the stock market.
  2. The post is for paid subscribers only.
  3. Readers can subscribe to Investment Talk to learn about life, the stock market, and companies.

Valuing the Unknowable

569 implied HN points • 14 Feb 23
💰 Finance Investing Personal Finance Wealth Management
  1. Valuing the unknowable can be difficult because some things are simply unpredictable.
  2. Life is full of surprises, both terrifying and wonderful, due to the existence of unknowns.
  3. Finding a new job or changing career paths can be stressful, but unexpected positive outcomes are possible.