5 Comments
Apr 19Liked by Carsten Mueller

Thanks for a very good blog post and portfolio review. And stable returns should not be underestimated - it may indicate moderate risk-taking, a a good thing in the long run.

For Nilorn, it has recently been highlighted as a top case by a respected, highly skilled analyst in a Swedish podcast (Market Makers). The view is that there is a relatively large upside (30-60%) and not much risks, although you can never know everything. I just wanted to add this comment to let you know that the company has a good local reputation, e.g. the cheapness is not due to questionable quality.

Disclaimer: I don't own Nilorn myself but I definitely think it's an interesting case!

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Thanks again for the portofolio review. Very generous of view. Funkwerk and Nilorngruppen looks interesting. Thanks for putting those on my radar. Eurotel I would be careful, this is the type of business that can be disrupted in the digital era, just my 2 cents!

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