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Gustav

Swedish global deep value investor. Building a portfolio of the best nano- to smallcaps I can find. Looking all over the world, but only invests in democracies. Concentrated, owning nine stocks.

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues9Foundeda year agoLast Issue13 days ago
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Latest Issues

Karooooo: Why I own an expensive stock

I don’t like expensive stocks. My rule of thumb is that a stock should be able to double and still be cheap. But sometimes, even a P/E of 25 can be considered cheap. Consistent growth and a strong market position in a growing market are wor...

13 days ago
17
12

How to value stocks? Three rule of thumbs

I am trying to find simplicity when valuing stocks. I have moved from a sophisticated but diffuse style to a more simple approach with rule of thumbs. I’ll just start with two “lenses” or end goals that should be mentioned from the start:...

2 months ago
19
8

Q1 2026 +3%

From Financial Times

Q1 ended with the portfolio up 3% in SEK terms. Given the turbulence in the markets, I am happy with that. Performance has been stable, and there are signs of resilience -although those may yet prove to be famous last...

3 months ago
20
8

My investing checklist: Must-haves and good-to haves

Now it’s time to describe my strategy and investing checklist. I hope for input and discussions so that it could be improved. I use checklists as a first quality filter. The companies I own don’t have to be exceptional - cheaper, good-quali...

3 months ago
27
10

eWell - Japanese SaaS (from the watchlist)

eWeLL is a Japanese SaaS name, a small, unknown market leader, growing quite strongly and trading at around P/E 27 for 2026e. Despite it’s price, it’s on my watchlist. The purpose of this post is to see if it will stay there, be scrapped, o...

4 months ago
18
7

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  • Gustav

    Swedish global deep value investor. Building a portfolio of the best nano- to smallcaps I can find. Looking all over the world, but only invests in democracies. Concentrated, owning nine stocks.

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