Long-Term Value Investor

Professional equity investor with decades of experience. Analysis and investment ideas posted on Patreon.

[Long-Term Value Investor @LTVInvestor]

https://t.co/LaXypvgpmf

[Long-Term Value Investor @LTVInvestor]

I like “HALO” investing: Heavy Assets, Low Obsolescence.

These are businesses built around costly, difficult-to-replicate physical assets that remain useful for decades—railways, pipelines, airports, industrial plants, infrastructure and specialised networks.

The assets deter new competition, inflation raises replacement costs, and technological disruption is usually slower than the market fears. When bought at a sensible price, HALO businesses can combine durable cash flows, pricing power and scarcity value.

[Long-Term Value Investor @LTVInvestor]

Current positions in my portfolio sorted into major and minor. One new position was bought, three were sold.
https://t.co/KbK3qav4zO

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - Integral Corporation $5842.T, Alimentation Couche-Tard $ATD.TO and Quálitas Controladora $Q.MX
https://t.co/JYvcDX7ulg

[Long-Term Value Investor @LTVInvestor]

Incredible, but fully expected.

[Long-Term Value Investor @LTVInvestor]

The key risk to the AI boom isn’t that demand collapses. It’s that demand keeps growing—but more slowly than the debt-financed capacity built for perpetual acceleration.
Watch the second derivative. The cycle may break while revenues, capex and backlogs are still at record highs.

[Long-Term Value Investor @LTVInvestor]

The key paradox in semiconductors today: the sector is delivering extraordinary AI-driven growth, yet trades near its 10-year average valuation.

That does not necessarily mean semis are cheap. It may mean the market views current earnings and margins as cyclical peaks rather than a sustainable new baseline.

Micron captures the debate perfectly: roughly 60% expected earnings growth and only about 6× earnings—but gross margins nearly 3× their recent average.

The investment question is not whether AI demand is real. It is how much of today’s scarcity, pricing power and profitability survives when supply catches up.

[Long-Term Value Investor @LTVInvestor]

In the attached file you will find a list of all the companies I have written about so far. There are over 220 different companies in total. Each of them is also listed with the date of their posts, so you can easily find them on my Patreon.
https://t.co/1mglIeyMdb

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - Accenture $ACN, 4imprint $FOUR.L and Lennox International $LII
https://t.co/GJzQwGPqmE

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - Kinsale Capital $KNSL, KKR $KKR and UnitehHealth Group $UNH
https://t.co/VivVK1ivsw

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - Nvidia $NVDA, McKesson $MCK and Autodesk $ADSK
https://t.co/HDhvp6AlWF

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - Reddit $RDDT and S&U PLC $SUS.L
https://t.co/Upd1zJNoWi

[Long-Term Value Investor @LTVInvestor]

@DvdndDiplomats Still expensive.

[Long-Term Value Investor @LTVInvestor]

My regular monthly update of a list of stocks I consider good candidates for the portfolio and current updates on their valuations.
https://t.co/cIfyQDMjEy

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - S&U PLC $SUS.L and Williams – Sonoma $WSM
https://t.co/TydFlgEEcN

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - Kaspi $KSPI, Ameriprice Financial $AMP and Tradeweb $TW
https://t.co/qE7FiG4tFM

[Long-Term Value Investor @LTVInvestor]

Current positions in my portfolio sorted into major and minor. One position was sold.
https://t.co/VFrua9jwYk

[Long-Term Value Investor @LTVInvestor]

Notes from my annual reports reading for the past week - Fairfax Financial Holdings $FFH.TO, Booking Holdings $BKNG, NVR $NVR and Halyk Bank $HSBK.IL
https://t.co/olzeoUFwKX

[Long-Term Value Investor @LTVInvestor]

The most obvious area of euphoria today is not “technology” broadly. It is the AI capital-spending chain: semiconductors, memory, data centers, power infrastructure, AI software platforms, and the handful of mega-cap companies now carrying an unusually large part of global equity-market expectations. The risk is not that AI is fake. The risk is that investors may be capitalizing today’s investment boom as if it will produce monopoly-like returns for everyone in the chain.

[Long-Term Value Investor @LTVInvestor]

There will come a moment, when $MU will be a great short...