Value Investing Substack

The Value Investing Substack focuses on data-driven equity research for long-term institutional investors, emphasizing value investing strategies, portfolio management, and financial analysis. It reviews U.S. stocks, analyzes investment opportunities, delves into financial metrics, and discusses trends in the banking and gaming industries, drawing from examples like Warren Buffett's investment principles.

Value Investing Strategies Portfolio Management Equity Research Financial Analysis Investment Opportunities Banking Sector Analysis Gaming Industry Trends Risk Management Macroeconomic Commentary Company Deep-Dives

The hottest Substack posts of Value Investing Substack

And their main takeaways

Value Investing Substack Portfolio Review | Annual Letter 2023

373 implied HN points • 14 Jan 24
💰 Finance Investing Stocks Financial Analysis Value investing
  1. The VIS Portfolio outperformed the S&P 500 both in up and down years, showing it's a zero-correlation portfolio.
  2. By focusing on undervalued stocks, the VIS Portfolio achieved similar or higher upside than the S&P 500 with lower downside risk.
  3. The VIS Portfolio has consistently beaten the S&P 500 across different time periods, showcasing the effectiveness of the value investing strategy.

Sick from $NVDA FOMO? Here's the Vaccine

373 implied HN points • 28 May 23
💰 Finance Investing Stocks Performance Analysis Value
  1. Value investors should not feel bad about missing out on short-term stock jumps like NVDA's recent +25% increase.
  2. It's important to avoid setting unrealistic benchmarks based on present-day reference points when evaluating past investment decisions.
  3. Embracing less-than-perfect outcomes and understanding the arbitrariness of present-day reference points can help investors overcome FOMO and focus on long-term success in stock markets.

What Did Buffett See in AAPL in 2016? Coca-Cola

353 implied HN points • 11 Jun 23
💰 Finance Investing Stocks Analysis Valuation Portfolio
  1. In 2016, Apple stock was undervalued with a low P/E ratio, making it an attractive investment opportunity.
  2. Apple's brand strength and ability to create standardized products quickly were key factors that Buffett saw in the stock.
  3. Buffett's investment strategy in Apple was similar to his approach with Coca-Cola, focusing on consistent returns and solid fundamentals.
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Big Gaming Industry Primer

294 implied HN points • 02 Jun 23
💼 Business Gaming Industry Mergers & Acquisitions Financial Analysis Market Trends
  1. Big Gaming sector has wide moats with hit-based revenue streams like microtransactions and lootboxes, making it difficult for new entrants to compete.
  2. Big Gaming companies benefit from infinite free cash flow streams from hit franchises and have pricing power in the industry.
  3. There is a potential convergence between Big Gaming, Big Media, and Big Tech sectors, leading to synergies in brand assets and content creation.

Value Investors: How To "Buy & Hold" Forever Despite ST Volatility

294 implied HN points • 25 Jun 23
💰 Finance Investing Portfolio Management Value investing Market volatility Risk management
  1. Value investors can create a low-volatility portfolio by combining Factor Investing with Value Investing
  2. Implementing a diversified portfolio of 20 stocks with >1:3 risk:reward can provide a 15% CAGR while minimizing downside volatility
  3. Staying disciplined, identifying stocks with high risk:reward ratio, and staying in cash until finding suitable opportunities are key strategies for value investors

Capital One's FY22 Annual Report MD&A

235 implied HN points • 09 Jul 23
💰 Finance Investing Banking Company analysis
  1. Capital One's FY22 Annual Report MD&A had an inspiring and charismatic tone unlike other companies' reports.
  2. The MD&A highlighted Capital One's empathetic approach to understanding and enriching customer lives.
  3. Capital One's focus on technological transformation and anticipating future industry changes set them apart in the banking sector.

CD PROJEKT RED - The AMEX of the Big Gaming Industry? (1Q23 Update)

196 implied HN points • 04 Jun 23
💼 Business Gaming Industry Financial Performance
  1. CD PROJEKT RED's Witcher 3 has sold over 50 million units, a significant milestone in the gaming industry.
  2. CD PROJEKT RED is highly anticipated for its upcoming expansion pack Phantom Liberty for Cyberpunk 2077, expected to be as large as the original game.
  3. The company is strategically focusing on projects like Project Polaris and Sirius within The Witcher franchise and shifting resources accordingly.

🦜CD PROJEKT RED: Understanding CDPR, The Paradigm Shift Epic 📚📖 - This 'Cyberpunk' Is Laying The Groundwork for '2077'! (Part 1/2)

196 implied HN points • 15 May 23
💼 Business Investing Gaming Acquisition Management Industry Analysis
  1. CD Projekt Red faced challenges similar to American Express' Salad Oil Scandal, but their Big Gaming moats could offer a favorable risk-reward balance.
  2. The botched release of Cyberpunk 2077 raised questions about third-party negligence and customer response, but only 2% requested refunds.
  3. CD Projekt Red is aiming for transformation by adopting industry standards and potentially entertaining acquisition offers, while maintaining large insider ownership.

OXY's Outsider CEO, Vicki Hollub & Warren Buffett's Next AAPL (Divd Yield - ST: 6%, LT: 11.0%)

137 implied HN points • 17 Apr 23
💼 Business Stocks Investing Oil industry Financial Analysis Capital allocation
  1. Warren Buffett has been acquiring Occidental Petroleum shares and the company is focused on returning shareholder capital.
  2. Occidental Petroleum is committed to limiting production growth and allocating capital towards shareholder return.
  3. Crude oil prices are expected to be volatile, and Occidental Petroleum has a high dividend yield compared to other E&P competitors.