Analysis of Kinnevik

Company: Kinnevik AB

Business: A Swedish investment company that have a heavy focus on telecom and online media. A well known online company that they own part of are for instance Zalando and in telecom they have for instance shares in Tele2 for the full list of investments then please go here.

Active: Via their investments they are present in 80 markets world wide. 66% of their investment companies sales are in Europe, 23% in South America, 8% Africa, 2% Asia and only 1% in North America.

P/E: 119.7

Greenlight Capital Inc: David Einhorn Q2 2013

I must say that David Einhorn had a very busy time in Q2 2013. It is rare to see so much shifting of stocks in a value based investment company. David has obviously gone outside of the US with the money and therefore they have no demand to report to the SEC.

Several stocks have been kicked out as can be seen in the list below.

There were also some new stocks and they were:

Summary of August 2013

Here follows the summary for August 2013. The month was tough once again and this time due to three reasons: I still have half salary, I went on vacation (I still managed to keep up the blog) and there was a wedding also this month so unfortunately I did not manage to transfer any money to my stock deposit. This month I hope that by going back to a more austere living that I will be able to save some money. I hate not being able to pay myself first of all in the beginning of the month!

Analysis of Industrivärden

Company: Industrivärden

Business: A Swedish investment company that were created back in 1944 via Handelsbanken and the stocks they received due to the market crash in 1930. Their investment criteria's are:

• Mid- and large cap listed Nordic companies
• Companies with business models that can be applied in several markets
• Companies with a good ability to generate growth in cash flow
• Niche focus with leading positions in selected market segments
• Ownership stakes that enable significant influence
• Large potential for growth in value through active ownership

For the full list of their investments please take a look here. I must admit that they have very few (read none) fancy stocks but excellent companies that will continue to bring in money year after year after year.

Active: In the Nordic countries but invest in globally active companies and including those then they have combined sales of approximately SEK 1 trillion, of which 1/3 in emerging markets, operations in more than 180 countries and have approximately 400,000 employees worldwide.

P/E: 4.3

Personalized index fund A: August 2013

Wooops, I completely forgot to update the personalized index fund (PIF) during July. The only excuse I can even think about it is that I must have forgotten it due to all the stress at work before going on vacation in August. Either way now I remembered it and will therefore also publish it.

I have probably mentioned it before that I am very unhappy with this index fund. Please read here how I constructed the index fund. I have therefore started to look into even easier option of the fund which also includes less investments made. I have it running in the background and will make a publication of it once I see it working... or not at all.

Both DAX as well as the PIF improved from June and from the starting point DAX has now increased with 5.47% and the PIF has increased by 0.37%. My biggest problem in PIF is Commerzbank and RWE since I decided to, due their previous poor performance, to buy stocks for 2500 € instead of 2000 €. K+S is of course also a problem but there I only bought shares for 2000 € so I have been punished equal to DAX.

So after four months of running this virtual personalized index fond I am seriously beaten by DAX with over 5%. Go DAX!