KochBank Weekend Reading

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Momentum having a "September to Remember". Also noteworthy, the underperformance of "Quality"

Bogumil Baranowski thinks that Human Patience will become the most-valuable factor in the AI-age of investing

We have been reading many investment write-ups last week. Here are five that we think are worth your time

Sherwood: What goes up, must go up...
Bogumil Baranowski: The AI Paradox: Why time remains investing's last edge
KochBank: 5 write-ups worth your time

Blogger Govro has managed to hold Google for 21 years (and a massive return). He´s a self-taught investor, holds another 50-bagger (Dollarama) and runs a completely free Substack (link). Value & Opportunity has interviewed him. Btw, in case you missed it: Google is up 38% in Q3, it´s biggest quarterly move since 2005...

If you don´t have the time to read a novel or watch a move this week, read Dom Cooke´s article on Interactive Broker´s founder Thomas Peterfyy. The story of his life, from collecting scraps in the streets of Budapest, to being the earliest tech adopter on Wall Street, to becoming the World´s 21st richest man, is as catching as any novel or movie can be.

The USD is having an abysmal year. Apollo says this will spark more inflation. According to the Fed's model, every -10% drop in the US Dollar results in a 30 basis point boost to inflation.

Value & Opportunity: Interview with Blogger Govro
Edelweiss Capital: How tender offers trap minority shareholders (an international perspective)
Must Read: Colossus: The Making of a Market Maker

The AI boom will be powered by Natural Gas

David Senra (Founders Podcast) has developed a new format, so that he´s able to do long-form interviews with the top business people of our time. He starts with Spotify´s Daniel Ek.

Mr Beast is trying to turn 430mio Youtube subscribers into a business empire ("turn Beast Industries into Disney"). It´s hard...

Podcasts & Videos:

BusinessWeek: Mr Beast on his quest to turn YouTube fame into an entertainment empire
Founders: David Senra´s interview with Spotify´s Founder Daniel Ek
GS&P: Interview with ProCredit CEO Spechtenhauser (German)

The times we live in are truly unprecedented...(click).

There´s only one two Rudi Völler (click)

Enjoy the Weekend !

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