No Deep Dives

Q3 2025 Portfolio Review

Up 10.83% in Q3 25, 21.86% YTD

Nov 3 • 

jefke

8

2

August 2025

Introducing the blog and updated thoughts on the TIGO thesis

Some history, purpose and analysis of growth prospects

Published on Leonardo Investing • Aug 27

Half-time victory lap in $TIGO

I have invested in and followed since 2019 and it has been an at times bumpy ride.

Published on alwaysinvert investing • Aug 11

July 2025

Q2 2025 Portfolio Review

Up 10.34% in Q2 25, 10.25% YTD

Jul 1 • 

jefke

9

3

1

June 2025

Adam Waterous unscripted

Strathcona Resources: Capital Allocation Champions? Examining the CMD and older founder interviews.

Published on Pemcap’s Substack • Jun 27

Portfolio Spotlight: Bekaert

Elevated quality at 7x P/E

Jun 19 • 

jefke

13

8

1

May 2025

ACKCHYUALLY: Pabrai Didn’t Beat Blackjack. He Got Lucky

His "system" is just variance

May 27 • 

jefke

25

21

2

April 2025

The Trade War Nobody Wins. Except ...

Why tariffs, supply chain cracks, and dollar weakness set up aircraft lessors for another big win

Apr 29 • 

jefke

3

1

1

Q1 2025 Portfolio Review

Flat YTD vs -8.7% for S&P 500 in EUR

Apr 15 • 

jefke

13

7

1

January 2025

Q4 2024 Portfolio Review

Up 4.14% in Q4, 27.8% for FY24

Jan 17 • 

jefke

12

3

1

Model Portfolio Going into 2025

19 Shades of Value

Jan 8 • 

jefke

26

17

4

November 2024

TT Electronics: Turnaround with Takeover Chatter

Cheap valuation, merger arbitrage upside, and the chance of a higher bid make this a compelling watch

Nov 21, 2024 • 

jefke

10

2

2