orion

2019: +44% 2018: -1% 2017: +65% 2016: +20% 2015: +17% 2014: +11% 2013: +114% 2012: +44% 2011: +8% Happy 2020 to all of you!

Added to Exor and KKR position.

John, thank you!

Yes. Nice to see that they deploy the FCAU dividend proceeds into the buyback program. Considering the discount this is a great way to add value.

Added to my Exor position. What am I missing? SOP-Value should be ~100 EUR vs. 62 EUR share price.

2011 +8.8% 2012 +44.0% 2013 +114.4% 2014 +11.7% 2015 +17.7% 2016 +20.0% 2017 +65.8% Concentrated portfolio, big winners: FCAU, IVFH, AMZN. Still waiting for MCR.V to finally recover.

IVFH

Increased FCAU

2016 +20.09% 2015 +17.71% 2014 +11.78% 2013 +114.46% 2012 +44.02% 2011 +8.85%

More MCR (Macro Enterprises) ... No idea what Mr Market is thinking. Just way too cheap.

+17.7% in EUR EUR.USD tailwind, took some losses in the oil space and was wrong in several other small cap situations. Overall happy with the results. +11.7% in 2014 +114.4% in 2013 +44.0% in 2012 +8.8% in 2011

1994 @ the age of 14. Have to confess I was a chartist, made 10x during dot com mania, lost it all and just in 2006/2007 I finally became a value investor.

Freddie Mac to Send $3.9 Billion to Treasury Department http://www.wsj.com/articles/freddie-mac-to-send-3-9-billion-to-treasury-department-1438692270

LBRDA & LILA (influenced by rereading Cable Cowboys ;D )

AYSI