A quick thought on Wirecard
On 18th June Wirecard announced: Wirecard AG’s auditor Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft, Munich, informed Wirecard AG that no sufficient audit evidence could be obtained... Read More
Recurring revenue and moats
A friend on twitter, Andrew who runs https://www.fundhunter.co/ asked an interesting question: is recurring revenue a “moat” in itself? That is, do all companies that... Read More
Analysing uncertainty – TMI
“These days everyone has the same data regarding the present and the same ignorance regarding the future.” Howard Marks I’m fascinated by this talk... Read More
Sailing into the unknown
Not many things seem obvious at the moment. But one thing that does, is the likelihood that companies will need more cash from shareholders. Historically,... Read More