phil_Buffett Posted May 26 Posted May 26 Today out Exor (look at the Exor and Ferrari threat) thesis broken, UMG out, the same company bullshit as Exor. Horrible Management. Tencent as Luke posted the feelings for it in the thread. Booking Holdings to add more to Safran. Alphabet sell and bought more Amrize and St Joe, SPGI and Visa. Pretty busy day. Dont like the activity, absolutely hate it, but i have to do something
adventurer Posted May 26 Posted May 26 2 minutes ago, phil_Buffett said: Today out Exor (look at the Exor and Ferrari threat) thesis broken, UMG out, the same company bullshit as Exor. Horrible Management. Tencent as Luke posted the feelings for it in the thread. Booking Holdings to add more to Safran. Alphabet sell and bought more Amrize and St Joe, SPGI and Visa. Pretty busy day. Dont like the activity, absolutely hate it, but i have to do something What was your thesis on Exor?
phil_Buffett Posted May 26 Posted May 26 15 minutes ago, adventurer said: What was your thesis on Exor? was holding this thing since Pabrai invested in FCA. Ferrari Spin and then i was selling after a time the ferrari stake for big gains also FCA and after a time bought exor. To wide discount. but the last month i had a bad feeling and getting confirmed that right now the thesis is broken. Ferrari is in front of a transformation and they are ruining the brand, stellantis still is shit, cnh also, and the discount widens or stay the same. so the thesis is broken, i made in the past a lot of money to be contrarian to the market but right now the thesis is broken. It is the small things that also happen, like the juventus black hole. If you are really interested in achieving the best outcome, start with everything. and juventus is a black hole, but they are to heavy exposed with emotion to this football club. nothing more, the thesis is broken. elkann is in deep trouble with ferrari. This has nothing to do with Enzo Ferrari. I know that they will be People who defend it until the end. be honest to yourself, it is only confirmation bias for a awesome investment (it is not)
Luke Posted May 26 Posted May 26 1 hour ago, phil_Buffett said: Today out Exor (look at the Exor and Ferrari threat) thesis broken, UMG out, the same company bullshit as Exor. Horrible Management. Tencent as Luke posted the feelings for it in the thread. Booking Holdings to add more to Safran. Alphabet sell and bought more Amrize and St Joe, SPGI and Visa. Pretty busy day. Dont like the activity, absolutely hate it, but i have to do something 1 hour ago, phil_Buffett said: was holding this thing since Pabrai invested in FCA. Ferrari Spin and then i was selling after a time the ferrari stake for big gains also FCA and after a time bought exor. To wide discount. but the last month i had a bad feeling and getting confirmed that right now the thesis is broken. Ferrari is in front of a transformation and they are ruining the brand, stellantis still is shit, cnh also, and the discount widens or stay the same. so the thesis is broken, i made in the past a lot of money to be contrarian to the market but right now the thesis is broken. It is the small things that also happen, like the juventus black hole. If you are really interested in achieving the best outcome, start with everything. and juventus is a black hole, but they are to heavy exposed with emotion to this football club. nothing more, the thesis is broken. elkann is in deep trouble with ferrari. This has nothing to do with Enzo Ferrari. I know that they will be People who defend it until the end. be honest to yourself, it is only confirmation bias for a awesome investment (it is not) Yeha i am also just pissed and made a lot of mistakes last few years (that havent caused any dmg but opportunity costs were huge)...tencent is still better than exor...at least i see more in tencent...also hard to find alternative (maybe CSU is something where one can allocate with good feeling)...
Rainier Posted May 27 Posted May 27 On 5/20/2026 at 6:26 AM, Spekulatius said: Sold $ZS, reduced $ELV Great timing on ZS
thowed Posted May 27 Posted May 27 I never felt Elkann really proved his talent - the one big thing he did was get Marchionne, but actions since then have suggested to me that was luck rather than skill. But he's got a lot of people who think he's the bee's knees.
Spekulatius Posted May 27 Posted May 27 (edited) On 5/27/2026 at 12:52 PM, Rainier said: Great timing on ZS This thing rocketed from $115 to $180 on no news. I went in way to early and also got out a little early but it’s beats being a bagholder. Better lucky than smart. $ZS forecast was pretty lousy- a slowdown in growth from the mid twenties tonight mid teens next year and not a lot color why (other than apparently crucial salespeople leaving). This has been a very reliable grower in the past. I might get back in if it hits ~$115 again. Edited May 28 by Spekulatius
decipher Posted Friday at 05:57 PM Posted Friday at 05:57 PM CROX. Tiny trading position, will get back if it falls.
MxMI17 Posted Saturday at 06:08 AM Posted Saturday at 06:08 AM (edited) Sold all my AMAT - it has run nicely and the whole market feels a bit too euforic for my taste. Not bad to have some more dry powder for the upcoming months. Edited Saturday at 06:11 AM by MxMI17
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