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

Top posts of the year

And their main takeaways
373 implied HN points β€’ 28 May 23
  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.
373 implied HN points β€’ 14 Jan 24
  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.
353 implied HN points β€’ 11 Jun 23
  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.
294 implied HN points β€’ 25 Jun 23
  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
Get a weekly roundup of the best Substack posts, by hacker news affinity:
294 implied HN points β€’ 02 Jun 23
  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.
235 implied HN points β€’ 09 Jul 23
  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.
196 implied HN points β€’ 15 May 23
  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.
196 implied HN points β€’ 04 Jun 23
  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.
137 implied HN points β€’ 17 Apr 23
  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.