Month: April 2020

Investors Title: Family-Controlled, Operates In An Oligopoly And Well-Managed

Investors Title (listed on Nasdaq with the tickercode ITIC) was for me an unknown company until about a week ago when I came across this article on Seeking Alpha written by Capital Ideas. The article is an interesting deep-dive into a highly profitable and well-managed small-cap (market cap is only 260 million). My article is mostly a recap of Capital

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Why The Nordic Stock Markets Have Outperformed The Global Markets

The Nordic/Scandinavian region gets lots of coverage for their welfare models and statistical happiness, but perhaps lesser known is that its stock markets have performed really well over the last 50 years. I define the Nordics as Norway, Sweden, Denmark, Finland and Iceland (Scandinavia is Norway, Sweden and Denmark). The languages are related and easy to understand between each other,

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Svenska Handelsbanken Analysis- The Best Nordic Bank – Has The Best Moat There Is: Culture

Svenska Handelsbanken (called Handelsbanken in the rest of the article ) was founded in 1871 and is the oldest listed company on Stockholm Stock Exchange. The Bank has a nationwide branch network in Sweden, the UK, Norway, Denmark, Finland and the Netherlands. I have been long this stock for some years, and I believe this is the best managed bank

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Some Thoughts On Markel (The “Mini/Baby” – Berkshire) And Its 2019 Shareholder Letter

Berkshire Hathaway needs no introduction, but what many investors might not know is the existence of several “Mini-Berkshires” or “Baby-Berkshires”, companies that are much smaller but in many ways similar both in business model and mindset of the management. One of these companies is Markel Corporation which is traded on the NYSE and has the tickercode “MKL”. Previously I have

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Alleghany Corporation: A Boring, But Compounding, “Mini/Baby-Berkshire”

Berkshire Hathaway needs no introduction, but what many investors might not know is the existence of several “Mini-Berkshires” or “Baby-Berkshires”, companies that are much smaller but in many ways similar both in business model and mindset of the management. One of these companies is Alleghany Corporation which is traded on the NYSE and has the single tickercode “Y”. In this

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Sin Stocks And Performance

A certain group of stocks have outperformed the rest of the stock market by a wide margin: Sin stocks. Tobacco, alcohol, arms producers, the gambling industry, the cannabis industry and sex-industry can safely be labelled as sin stocks. In the US, tobacco stocks have been the best performers over the last century, while alcohol stocks have been the best performer

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Diageo: A Premium Sin-Stock

Diageo is a sin stock and those stocks have performed the best over the last century. This analysis argues for why this is likely to continue. Background and summary: Diageo produces alcohol – lots of it – hence a “sin-stock”. Tobacco and alcohol stocks have produced spectacular gains over the last century, and Diageo is not different: 12% CAGR since

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