what we read

My best book of the year: Superforecasting – The Art and Science of Prediction

On October 12, 2004 Yasser Arafat, the 75 year old leader of the Palestine Liberation Organization, became severely ill with vomiting and abdominal pain. Over the next three weeks his condition worsened. On October 29, he was flown to a hospital in France where he fell into a coma. On November 11, 2004 Yasser Arafat, […]

Weekly Links

After I spend a week in Omaha to attend a German value investor conference and the show of Buffett and Munger, we have a couple of more ideas to work on and even more valuable readings. Overall I can say that this week was a unique experience and I have to be deeply grateful to […]

Value Essentials: Margin of Safety

VALUE ESSENTIALS: MARGIN OF SAFETY (SETH KLARMAN)   This post is essentially going to cover the most important points of the well-known “Margin of Safety” by Seth Klarman. It might be just as useful for people new to the topic as to those who have read it several times and would like a short summary. […]

Book review: The Investment Checklist

Today we want to take a look at one of the latest books that we have read, namely “The Investment Checklist; The Art of In-Depth Research” which is written by Michael Shearn. The book is around 330 pages long, well written in and quite easy to understand. As a rating we would suggest 4.5 of […]

WHAT’S BEHIND THE NUMBERS: Book Review

Today we want to take a look at one of the latest books that we have read, namely “What’s behind the Numbers; A Guide to Exposing Financial Chicanery and Avoiding Huge Losses in your Portfolio” which is written by John Del Vecchio and Tom Jacobs. The book is around 265 pages long, well written in […]

Reading Recommendations and ShortUpdate Hornbach

In the last few days we have seen a really interesting development for Hornbach which is one of our holdings. In our analysis we had written that we assume that Praktiker will go bankrupt and the Sales of the Praktiker stores will be divided (in three different scenarios) under the main competitors. At this time […]