Druckenmiller: AI companies dominate my portfolio
Borsgade
June 9, 2023
Investor Stanley Druckenmiller explains how AI companies have dominated his long portfolio over the past 5-6 months.
Bill Nygren: Why Alphabet is still a good case
Borsgade
June 9, 2023
In an interview with Morningstar, Bill Nygren, Portfolio Manager of the Oakmark Select Fund since 1996, talks about First Eagle’s investment process and reviews five of their investments, including Alphabet.
Kim Shannon: The art of investing in the right company
Borsgade
June 5, 2023
Kim Shannon is Founder and Co-Chief Investment Officer of Sionna Investment Manager, a value-based investment firm based in Toronto, Canada.
Shannon gives an introduction to value investing, how she selects companies for the portfolio and how we can use market history to our advantage.
Howard Marks: It’s very difficult to predict the economy going forward
Borsgade
June 5, 2023
Howard Marks, Co-Chairman of Oaktree Capital Management was the Keynote Speaker at the Ben Graham Center for Value Investing’s 2023 Value Investing conference in Toronto Canada. Here, Marks shares some of the most important points from his many memos over the years.
Cliff Asness: Equities can become a pretty scary asset
Borsgade
June 5, 2023
Cliff Assness, Founder and CIO at AQR, gives his take on the current market and where value can be found in this interview with Bloomberg. One of the asset classes that could be challenged, according to Asness, is equities.
Guy Spier: From Gordon Gekko to Warren Buffett
Borsgade
June 4, 2023
In this interview with Julia La Roche, Guy Spier talks about his evolution from speculative and greedy Wall Street analyst to long-term and fundamental investor.
If you already know Spier’s story, there are some interesting passages and examples from Warren Buffett’s heavy focus on risk (after 54 minutes).
Thomas Gayner: Markel Omaha Brunch 2023
Borsgade
May 30, 2023
As a tradition, Thomas Gayner and the rest of Markel attend the Berkshire Hathaway Annual Meeting in Omaha. With so many like-minded investors, they’ve started a tradition of hosting a brunch for their own investors.
First Eagle: Perspectives from First Eagle’s global value team
Borsgade
May 30, 2023
Matthew McLennan of First Eagle gives his assessment of the structural challenges facing the US economy – beyond the current debt ceiling challenge. In addition, they discuss the real estate market and risk management in the event of an economic crisis.
Nykredit: Electrification is a strong investment trend in Europe
Borsgade
May 30, 2023
A major transformation of the automotive sector and a paradigm shift in home heating make electrification a strong investment trend in Europe. Nykredit Asset Management zooms in on electrification and gives its assessment of the sector.
New functionality: which sectors are ATP and PFA invested in?
Peter Stæhr
May 30, 2023
See which sectors investors are buying into and selling out of and in which sectors they are most concentrated.
Guy Spier: I analyze the companies Warren Buffett buys
Borsgade
May 30, 2023
In this investor article, Guy Spier talks about a number of interesting topics – investing in Tesla versus BYD, geopolitical risk in China and learning from other great investors.
Seth Klarman finds value in the payments industry
Peter Stæhr
May 22, 2023
Seth Klarman makes a number of major changes to the portfolio in Q1 2023, including continued acquisitions of FIS and Alphabet.
Aswath Damodaran: Inflation, Share Buybacks & Sustainable Investing
Borsgade
May 22, 2023
Aswath Damodaran, a professor at NY University, talks to Morningstar about a number of interesting topics, not least valuation, which is his specialty.
“Valuing a company is understanding the business. Understanding a business is not going through a financial statement and computing ratios. It’s figuring out what makes a business tick.”
Tweedy Brown: Q1 2023 comments
Borsgade
May 12, 2023
Thomas Shrager and colleagues at Tweedy Browne provide their assessment of the current market in their 1st Quarter 2023 Commentary.
Mohnish Pabrai: The power of compound interest and Constellation Software’s mousetrap
Borsgade
May 12, 2023
In the run-up to Berkshire’s annual meeting, Danish Stig Brodersen has a discussion with investor Mohnish Pabrai. Here, Pabrai shares his views on Alibaba, Constellation Software, Reysas Logistics and Shinoken
Aswath Damodaran: The ups and downs of investing in banks
Borsgade
May 12, 2023
Professor Aswath Damodaran from NY University reviews his model for bank valuation, which in the wake of the banking crisis is all the more relevant for investors in US as well as Danish banks.
Mario Gabelli: Disney, Warren Buffett and Bank shares
Borsgade
May 12, 2023
CNBC interview with Mario Gabelli, founder and CEO of GAMCO, who shares his current thoughts on the streaming industry, Berkshire’s annual meeting and the banking industry.
Cliff Asness: International diversification is still attractive
Borsgade
May 12, 2023
Founder and Chief Investment Officer at AQR, Cliff Asness, shares his views on international diversification. “International diversification has hurt US-based investors for over 30 years, but the long-run case for it remains relevant. We show that both financial theory and common sense favor international diversification, buttressed by empirical supportive evidence.”
Aswath Damodaran: we should expect more dominoes to fall as a result of the US banking crisis
Borsgade
May 8, 2023
Professor Aswath Damodaran gives his assessment of the current banking crisis in the US, including whether we can expect more dominoes to fall.
First Eagle: Q1 2023 Market Overview
Borsgade
May 5, 2023
Portfolio Manager Matthew McLennan and First Eagle share their views on the current market:
Howard Marks: Reflections on Financial Markets Distress in the US
Borsgade
May 5, 2023
In a keynote at Georgetown University’s McDonough School of Business, Howard Marks shares his views on the US economy and debt situation.
Ray Dalio – How to prepare for the changing world order
Borsgade
May 5, 2023
Ray Dalio, founder of Bridgewater Associates, reflects on a number of interesting topics in this interview: the threat of China, population growth, the geopolitical situation and advice for the younger generation.
Stanley Druckenmiller: Investing during geopolitical turmoil
Borsgade
May 5, 2023
Stanley Druckenmiller shares his thoughts on investing in the current geopolitical situation. Of particular interest to us in the Nordics, as he is attending the Norges Bank Investment Management Annual Investment Conference April 2023.