Valuation, alternative assets and the European Edge

Casual Year end chat with René Sellmann talking 2025 reflections, 2026 predictions, Moats and AI

A few weeks ago I had a fun conversation with my friend René Sellmann [https://substack.com/profile/40350960-rene-sellmann] reflecting on 2025, making some predictions about 2026 and talking about the impact of AI on software companies. Talking with René is always fun and insightful and this time we actually managed to stay (almost) within one hour! Enjoy our conversation and make sure to follow both of us on Substack and X. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit heavymoatinvestments.substack.com/subscribe [https://heavymoatinvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

Cellebrite deep dive: Unlocking the truth in digital investigations

Today I’m sharing my the podcast episode I recently recorded with my friends at The Dutch Investors [https://substack.com/profile/207588953-the-dutch-investors] about Cellebrite. The episode is free to listen to, but if you want to learn more about this business, I believe my deep dive on them was some of the best work I’ve written in 2025. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit heavymoatinvestments.substack.com/subscribe [https://heavymoatinvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

Valuation, alternative assets and the European Edge

Last week I had a fun conversation with Rene [https://substack.com/profile/40350960-rene] and Andrew about investing, going deep into some topics like Valuation and portfolio construction. The talk was very long with 100 minutes, but in my opinion well worth it, i.e. during a walk or in the gym. I hope you’ll enjoy it! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit heavymoatinvestments.substack.com/subscribe [https://heavymoatinvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

Quality investing, moats and valuations. A podcast w/ the Dutch Investors

This week I’m at the beautiful Mahlstrom Open Air festival, so I won’t be uploading new deep dives. Instead I decided to publish a recent podcast I did with my friends from The Dutch Investors [https://substack.com/profile/207588953-the-dutch-investors], where we talked about quality investing, moats, valuations and more. Check it out and make sure to follow them as well. Cheers and rock on! This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit heavymoatinvestments.substack.com/subscribe [https://heavymoatinvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]

🔐[Now Free] Robertet: 170 Years of Excellence

A few weeks ago, I joined my friends at The Dutch Investors [https://substack.com/profile/207588953-the-dutch-investors] to record a podcast about one of my portfolio companies, Robertet. After the great feedback, we decided to make the whole podcast free to everybody! You may have already read my analysis on Robertet from last April [https://heavymoatinvestments.substack.com/p/robertet-fundamentals-and-valuation] (here is the fundamentals article) [https://heavymoatinvestments.substack.com/p/robertet-fundamentals-and-valuation], but I’m sure you’ll learn something new via the audio format. You can read the analysis of The Dutch Investors [https://www.thedutchinvestors.com/post/robertet]here. Enjoyed the Podcast? You’ll Love My Premium Research! If you found this deep dive valuable, you’ll love the premium content I create for my subscribers. As a member, you get: As a premium subscriber [https://heavymoatinvestments.substack.com/about], you’ll get: ✔ Detailed Research on high-quality global compounders and European champions, with deep fundamental & valuation analysis. ✔ Actionable Investment Pitches – Ideas with high upside potential and limited downside. ✔ Earnings Breakdowns on key reports and market reactions. ✔ Real-Time Trade Alerts on all my portfolio moves, plus access to the premium chat. ✔ Exclusive Investing Tools, including my Inverse DCF template and more. If you’re serious about finding great investments, upgrade to premium today at a 20% discount and take your research to the next level. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit heavymoatinvestments.substack.com/subscribe [https://heavymoatinvestments.substack.com/subscribe?utm_medium=podcast&utm_campaign=CTA_2]