14th Anniversery of Worth & Alternative Weblog

Yearly on December fifteenth, the weblog celebrates one other anniversary, as a result of on that day in December 2010, the blog went live for the first time.

As all the time there can be a separate efficiency portfolio assessment at first of January.  After a brief break, I needed to do a brand new “Panic Sequence” submit as a result of results of the US election.

With the quite “blended” efficiency of my portfolio this yr and the numerous headwinds, the motivation to write down clearly has suffered slightly bit, however having seen these conditions earlier than, in fact I’ll proceed to weblog with the clear objective to change into the longest working monetary weblog on the planet. Within the subcategory of non-paywal monetary blogs with a clear funding portfolio, I might guess there aren’t many challengers.

A really attention-grabbing improvement is the present proliferation of funding blogs particularly on Substack, nonetheless many of those blogs go behind a paywall after one or two years. On the one hand, I can perceive this, as many of those writers are fairly younger and wish to make a dwelling on that. However, will probably be attention-grabbing to see how lengthy many of those formidable writers survive, particularly if markets flip actually dangerous for an extended interval or their particular fashion of investing seems of favor (which in some unspecified time in the future in time ALWAYS occurs).

I additionally suppose that writing with a purpose to stay from subscriptions is just not all the time 100% aligned with really creating worth for readers. However I want luck to all of them.

Once more, a giant thanks to all readers, particularly those that contribute (and inspire me) through constructive feedback however in fact additionally to all of the silent readers. A few of them stepped up throughout a fairly nasty dialogue across the Ocean Wilson particular state of affairs, which I apreciated loads.

The highest 10 posts in 2024 had been the next:

1. My 22 (+1) investments for 2024
2. Eurokai KGaA (ISIN DE0005706535) – Playing the “Time arbitrage game” with the possibly cheapest Port Stock in the World
3. The German Mittelstand is maybe Down but not Out: Hermle AG – Hidden Automation Champion from the “Ländle”
4. Amadeus Fire AG (AAD.GR) – Come on and rock me Amadeus !!!
5. STEF S.A. (ISIN FR0000064271) – An “Ice Cold” Quality Compounder at a “bonkers bargain” price
6. EVS Broadcast SA – A Hidden Global Champion “Breaking free from the Van” with Software & AI at a Bargain Price
7. Performance review 6M 2024 – Comment: “How do you know if your horse is dead ?”
8. Samse Group (ISIN FR0000060071) – A Hidden French Compounder that is as exciting as watching Paint dry ?
9. Fuchs SE (FPE) – A Hidden Champion “Greased for Growth” after a 10 year consolidation phase ?
10. Performance review 9M 2024 – Comment: “How to train patience during periods of underperformance”

Running a blog highlights 2024:

To this point, in 2024 I managed to submit solely 53 occasions, which is once more lower than in 2023. As may be seen within the High 10 listing, deep dive inventory write-ups and portfolio evaluations appear to be the most well-liked posts. Nevertheless they’re additionally clearly essentially the most work intensive ones.

I managed to complete the all Belgian Shares sequence. I’m at the moment considering what to do subsequent. Perhaps I’ll do one thing extra regional or concentrate on a sector to maintain issues attention-grabbing for me.

Statistics:

Total, views are at round 280k for this yr, which is similar to 2023. This quantity correlates with the exercise, so no shock right here that with fewer posts, the quantity doesn’t go up. Nevertheless, the Substack which I run parallel (with 1:1 posts) has reached round 30k views, so general views are up largely attributable to Substack. I’m really stunned that also so many popele are concerned about these form of shares.

The ability of Substack (and why most likley most monetary blogs are created there) is clearly the “advice engine” which is kind of highly effective.

Subscriber numbers are rising slowly over time, on each platforms round 4000 subscibers fake to be concerned about my stuff.

In final yr’s anniversery submit, readers identified just a few different “old skool” bloggers which can be stil round comparable to:

Crossing Wall Street (since 2005)

Rational Walk (since 2009)

Reminiscences of a Stockblogger (since 2011)

Alpha Vulture (since 2011)

The Brooklyn investor (Since 2011, now fairly irregular)

Mr. Market miscalculates (since 2012)

Twitter:

I nonetheless submit on Twitter, nevertheless it has change into extra annoying. I lately found that I had really created a Bluesky account and I’m at the moment trying out what’s happening over there. For some cause, I had already like 330 followers over there.

The yr forward

Going into yr 15, the largest objective is in fact to maintain up the frequency and full a brand new “All inventory” sequence. Aside from that I don’t have any particular targets.

Bonus Observe:

That is the track for all fellow struggling European small cap buyers and old skool “content material creators” on the market:
Don’t cease believin’