Welcome to The Long View

I am a recent MSc Management graduate with a deep interest in finance and business, and an ambition to work as either an active equities portfolio manager or entrepreneur. I started this newsletter to connect with and learn from others with similar interests, and to exhibit my passion for the field generally (it helps a lot in interviews!).

I have a flexible, generalist approach, with core and satellite holdings.

For core holdings, I like to see the following: long-term ROIC of >20%; insider ownership; non-cyclical, recurring revenue; EBIT margins >5% with no or very rare losses; low leverage; a very wide moat, strictly defined; inherent edge through size, illiquidity, or complexity.

For satellite positions, I look for: very asymmetric bets that are overlooked; if unprofitable, evidence of manageable cash burn; insider ownership; a clear inflection point.

My search process covers lots of avenues: other newsletters, screeners, corporate actions, word-of-mouth, insider trades, etc.

I strongly encourage you to leave comments on each post to kindle value-adding discussions with both me and other members. This helps us avoid dangerous biases and fill in knowledge gaps.

Feel free to get into contact with me to discuss ideas or exchange opinions. Connect with me on LinkedIn.

Disclaimer

Whether explicitly or implied, The Long View newsletter does not constitute financial advice. Profits or losses realised are the result of your own decisions. Invest at your own risk and do your own due diligence.