Arne Ulland @ArneUlland Twitter profile | Pikagi

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Arne Ulland

@ArneUlland

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546

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1,524

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🇳🇴 Management consultant | Quality Investing & The Power of Compounding | Books 📚 Invested a decade+ | «To finish first, you must first finish» |

Oslo

https://t.co/tFYbfqsbw7

Joined October 2019

Don't wanna be here? Send us removal request.

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@ArneUlland

Arne Ulland

7 months

Top 4 positions (70% of PF) - $AOJ $INVE $LIFCO (managed after a strong run to kick down $EVO out of the top 4) & $CSU.TO Mindset: Cautiously optimistic. Stocks are expensive and there’s a lot of reckless buying. However, trimming quality seldom works so business as usual.

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@ArneUlland

Arne Ulland

1 year

𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐚𝐬 𝐨𝐟 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝟏𝐬𝐭, 𝟐𝟎𝟐𝟑 YTD: 25% 1 Year: 38% 3 Years: 72% 5 Years: 139% 𝐌𝐢𝐧𝐝𝐬𝐞𝐭: Cautiously optimistic + Keep It Simple Stupid. 𝐎𝐛𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐨𝐧: 10yr treasury yield climbs higher and higher yet little impact, so far. Want

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@ArneUlland

Arne Ulland

3 years

Latest portfolio update by size. Plan for 2022 is to bring Alphabet $GOOGL, the best company ever created, higher up on the list. Google grows like a small sized firm, is profitable like a luxury brand and sails multiple attractive tailwinds. Very optimist about 2022.

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@ArneUlland

Arne Ulland

3 years

Just got married 💍 and stocks are getting cheaper 📉 What more can a guy ask for?

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@ArneUlland

Arne Ulland

4 years

Woho, da var man forlovet 💍 Planlegger som vanlig å ha en passiv buy and hold strategi og antar at det blir bra compounding på denne også 😀

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@ArneUlland

Arne Ulland

3 years

$EVO is nicely placed on the shelf and I have no intention of removing it. Quite the opposite. All firms experience bad periods from time to time and that’s when it’s important to stay cool and think like an owner. Maybe today was also a good lesson about concentration?

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@ArneUlland

Arne Ulland

3 years

"When the market is truly a buy, you won't want to buy it"

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@ArneUlland

Arne Ulland

2 years

Probably not the worst idea to look at Swedish companies with cost in SEK & revenue in USD now that the USD / SEK is above 11. Same logic goes for Japanese firms with cost in Yen and revenue in USD, such as Nintendo 🇯🇵 A few Swedish firms to look at. My favorite is Atlas Copco 🇸🇪

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@ArneUlland

Arne Ulland

1 year

Top 8 positions are $INVE, $AOJ, $LIFCO, $CSU.TO, $EVO, $BOUV, $INDU and $V. These guys have double-digit revenue and earnings growth, ROIC well above 20%, strong gross & operating margins, and low net debt to EBITDA. As the years pass, I add a yellow circle. Investor now at 5.

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@ArneUlland

Arne Ulland

3 years

Portfolio update 2022 Weighted KPI ROIC 26% Gross margin 64% Operative margin 32% Net debt to EBITDA -0.1 3 YR Sharp: 1.25 $V 12.7% $EVO 11.1% $CSU.TO 9.1% $GOOG 9.1% $SWMA 7.8% $BRK.B 7.5% $BOUV 6% $PM 5.9% $QQQ 5.6% $ROP 5.2% $CHR 4.9% $AMZN 4.7% $AMT 4.3% $JKHY 3% $KONE 2.9%

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@ArneUlland

Arne Ulland

3 years

If I could go back 10-15 years and start investing all over I’d drastically reduce the time spent learning about “valuation” and rather focus on “story” and business operations. Most of the best and highest quality stocks in the past decade has consistently been “overvalued”.

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@ArneUlland

Arne Ulland

7 months

Will likely retake a position in $PEP soon, around $160. Owned shares in Pepsi since 2016 and sold in 2022 at $174 when the price was too high relative to earnings. The price is now more aligned with EPS, and I do not want to make the costly mistake of being influenced by

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@ArneUlland

Arne Ulland

4 years

Skal begynne å jobbe som aksjeanalytiker hos Clarksons Platou Securities med fokus på fornybar energi fra januar. Dette har noen følger pga complience 1) Kan trolig ikke dele portefølje her eller på Shareville 2) må ta en pause/legges ned 👇

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@ArneUlland

Arne Ulland

3 years

Some thoughts on Quality and why I have doubled my investment in the leading elevator & escalator company $KONE

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@ArneUlland

Arne Ulland

3 years

Genuine question: If you’re a long-term investor in high quality businesses with pricing power and diversified geographic revenue split, why do you care about macro?

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@ArneUlland

Arne Ulland

4 years

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Arne Magnus Ulland (28) kapret ettertraktet jobb som aksjeanalytiker: – Det er ikke nok å vise til...

Han hoppet av sivilingeniørstudiet og satset på finans i stedet. – Et av de hardeste valgene jeg har tatt i mitt liv, sier Arne Magnus Lorentzen Ulland (28).

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@ArneUlland

Arne Ulland

2 years

🤯

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@ArneUlland

Arne Ulland

11 months

A selection of quality firms ranked by free cash flow yield (LTM) $ATD $EVO $GOOG $AVGO $DHR $OTIS $INDT $LIFCOB $TMO $JKHY $MA $KNEBV $MCO $ATCOA $NOVOB $SPGI $ROP $LOR $ASML $HESAY $HEI $CPROT $FICO $TXN $ISRG Note: This is my priority 2 list. Priority 1 includes $MSFT, $V,

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@ArneUlland

Arne Ulland

1 year

Working on completing my Top 20 list. Currently: 🇺🇸 $V $MA $FICO $BRK $MCO $TMO $MSFT 🇸🇪 $LIFCO $EVO $INDU $INVE $ATCO 🇨🇦 $CSU.TO 🇩🇰 $NVO Under review: $JKHY $GOOG $LMHV $DHR $ISRG $ATD $OTIS $KONE $TXN $ASML $CPTR What does your Top 20 list look like?

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@ArneUlland

Arne Ulland

1 year

Investors should spend most of their time ensuring that they can survive all market conditions. Personally, I only admire those that played the odds that were in their favor, and they never exposed themselves to ruin. That's how you survive over the long term. March 16, 2020.

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@ArneUlland

Arne Ulland

3 years

@BrianFeroldi How to win friends and influence people. Re-read it ~12 times and still learn something new each time (ps: not done yet. About halfway after 10 years. Once I learn something new I try it out in real life before moving on).

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@ArneUlland

Arne Ulland

3 years

Portfolio update Q1 2022 Weighted KPI YTD -4% 3 YR Sharp: 1.05 ROIC 28% Gross margin 67% Operative margin 33% Net debt-EBITDA -0.4 $V 12% $CSU.TO 9.3% $EVO 9.3% $GOOG 8.6% $BRK.B 8.2% $AMZN 7.6% $SWMA 7.5% $KONE 6.6% $BOUV 6.1% $META 6% $ROP 5.5% $PM 5.2% $AMT 4.3% $JKHY 3.8%

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@ArneUlland

Arne Ulland

3 years

Update: I’ve decided to move on from the sell-side as investment banking didn’t fit me that well and join @AzetsUK (Norway though) instead to focus on operations in accounting & advisory. It means I can soon start to share my investments and thoughts once again about the market.

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@ArneUlland

Arne Ulland

1 year

Portfolio update - April 2023 YTD: 26% 3 YR: 80% 5 YR: 160% Highlights: Solid report by $LIFCO & $INVE. Actions: Exited $KONE after new price rise & even higher currency premium (EUR/NOK). Will reenter if EUR gets cheaper. Still looking at $TEQ and $AOJ What about you?

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@ArneUlland

Arne Ulland

3 years

A lot of noise in the feed but let's talk about quality at a good price instead. A few suggestions Visa KONE Adobe L'Oreal Amazon Unilever Alphabet Autodesk Medistim Microsoft Evolution Straumann Mastercard Nemetschek Constellation Brown Forman American Tower Dassault Systemes

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@ArneUlland

Arne Ulland

1 year

Portfolio update - some minor changes in the top 8 positions: 🥇$AOJ takes the first place (added) 🥈$INVE down to second place (trimmed) 🥉$EVO moves up to third place (added) $CSU.TO $BOUV, $INDU and $V stays put while $LIFCO falls down from third to fifth position.

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@ArneUlland

Arne Ulland

3 years

A few photos that summarize 2020 and 2021 as an investment year 1. The first dip (27.02.2020)

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@ArneUlland

Arne Ulland

4 years

Constellation Software might be one of the best businesses on this globe, and Mark Leonard one of the coolest (and smartest) CEO's out there. Annual letter notes by @TravisWiedowerfrom 2007 - 2017 One of the 30 firms I've selected for my CAGR portfolio.

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@ArneUlland

Arne Ulland

3 years

Here are my 4 top holdings (~50% of portfolio) $FB, $EVO, $SWMA, $AMT

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@ArneUlland

Arne Ulland

2 years

Everything owned by Berkshire Hathaway $BRK.A $BRK.B 💥 A common mistake when discussing the high $AAPL stake and general $BRK risk is to neglect the great collection of private high-quality businesses that Berkshire owns. Thanks for sharing this @alexeliasson

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@ArneUlland

Arne Ulland

3 months

The first half of 2024 is in the books. Now vacation for a full month in Norway, just hiking and driving around, maybe rereading Giverny Capital's or Nomad's annual letters. See you in August! 🫡🌴🗻

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@ArneUlland

Arne Ulland

4 years

Ble invitert på middag med melding om at det ble kjøpt inn dyre råvarer og at man måtte pynte seg. Ble møtt med dette 🤣 Verste var at Foodora-leverandøren fikk sykkelen frastjålet og ringte og sa "Tjommi, sorry men sykkelen ble stjelt. Er der snart. For en lørdag...

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@ArneUlland

Arne Ulland

2 years

1) It’s much better to buy stocks now than one or two years ago. 2) Now is not the time to sell and accumulate bonds. It’s too late. If you wanted to play it safe then that was 1 year ago. 3) Now we’re “in it” and it’s time to change from being defensive to aggressive, imho.

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@ArneUlland

Arne Ulland

3 years

My investment strategy 1) Buy high-quality companies 2) Don't overpay 3) Accumulate shares 4) Do nothing

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@ArneUlland

Arne Ulland

3 years

For every 20% gain in one of my investments I add a yellow circle. Today I added another circle to Philip Morris International Inc $PM as the total return including dividends is 63% or 3 yellow circles.

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@ArneUlland

Arne Ulland

2 months

Just picked up this book from @IB_Redeye - Very excited to read this one as I’m a regular reader of their Nordic serial acquirers report. Highly recommend it if you’re interested in stocks such as Lifco, Indutrade or Vitec.

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@ArneUlland

Arne Ulland

3 years

Q3 2021 Portfolio Update YTD: 17.56% 1 YR: 13.57% 3 YR: 70.30% 5 YR: 80.50% 3 YR sharp: 1.19 $ORK $BRK.B $FB $CSU.TO $QQQ $BOUV $BOUV $SWMA $PM $ROP $EVO $KNEBV / $KONE $BABA $AMT $PEP $V Focus now: Owning solid firms with pricing power ready for bad times and inflation.

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@ArneUlland

Arne Ulland

2 months

Mr. Market knew exactly what I wanted for my birthday 🥳

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@ArneUlland

Arne Ulland

4 months

I have a working theory that companies displaying Return on Capital Employed (ROCE) or Return on Invested Capital (ROIC) prominently on the first page of their investment presentations generally know what they're doing.

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@ArneUlland

Arne Ulland

8 days

$V just lost $20B in market cap due to the DOJ's lawsuit, which happens every so often. I don't think the potential fine will be close to $20B, so I mark this as noise and added 35 shares of this fantastic compounder. I bought my first shares in 2019 and will keep holding on.

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@ArneUlland

Arne Ulland

1 month

I'm truly grateful for the stock market. It's incredible that there's a system where you can build wealth by participating in the value creation of companies, rather than the usual method where input equals output and time is a major limiting factor. Just feeling thankful today.

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@ArneUlland

Arne Ulland

2 years

Portfolio as we enter 2023. 6% YTD Trimmed $KONE from 12%-4% to reduce concentration risk and it was priced decently (EUR 56 with currency premium). Added the capital to currency hedged index while looking for a new Nordic case. Think 2023 might turn out just fine 🤞

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@ArneUlland

Arne Ulland

4 years

💡Slides fra investeringsforedrag / Slides from investment presentation 💡 Strategy • Buy High-Quality Companies • Don't Overpay • Accumulate Shares • Do Nothing 1⃣ Background 2⃣ Investment Philosophy 3⃣ News and Noise 👇

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@ArneUlland

Arne Ulland

4 years

Har innsett at budskap flyter lettere med flere følgere. Så, når jeg får 2000 følgere skal jeg dele litt tips og triks om formuebygging og sunt investeringsvett. Setter pris på retweet 👍

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@ArneUlland

Arne Ulland

4 years

Bull $BRK.B

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@ArneUlland

Arne Ulland

2 years

“Gross return is overrated. Stress-adjusted return is underrated” Never forget rule nr 5️⃣and 6️⃣ From the book #thejoysofcompounding by @Gautam__Baid

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@ArneUlland

Arne Ulland

7 months

Not to be a party pooper, but I hope you understand that there is high risk in the market now as everyone keeps delivering new all-time highs week after week. The focus should be on mentally preparing for a correction and ensuring that you know what you own.

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@ArneUlland

Arne Ulland

4 years

Hele feeden min er full av 25+% returns i år 😅 Kan være greit å notere at dette ikke er heeeeelt normalt credit @VisualCap

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@ArneUlland

Arne Ulland

2 years

Da blir det et nytt besøk på @NordnetNO sin aksjepodcast #Pengepodden . Denne gangen med @iamBuffettJr og @BjornNordnet . Tema blir Kvalitet og jeg skal trolig ta for meg Visa, PepsiCo og Alphabet. Fallhøyden er stor når en amatør skal hoppe etter Wirkola @Th__Nielsen .

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@ArneUlland

Arne Ulland

2 years

Closing the books for 2022 while wishing everyone a Merry Christmas. The YTD return ended at 6,5% & the portfolio contains the following holdings (by size): $INVE-B, US Index (currency hedged), $EVO, $KONE, $LIFCO-B, $AFG, $CSU.TO, Global index (currency hedged), $V and $GOOG.

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@ArneUlland

Arne Ulland

5 months

It's a dangerous thing to become obsessed with alternative cost & compounding. Been thinking of buying a car, but can’t understand how so many can afford one. I feel paralyzed by thoughts about depreciation & what the money could be worth decades from now. YOLO, I know, still…

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@ArneUlland

Arne Ulland

2 years

Portfolio update - March 2023 YTD: 15% 3YR: 82% 5YR: 140%

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@ArneUlland

Arne Ulland

1 month

Added to $V, which is quite rare to get at fair value as it usually trades at a premium. Started a position in 2019 at $190 and added again at $196 in 2021. Will continue to add over the years. A steady and reliable compounder riding a long-lasting megatrend.

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@ArneUlland

Arne Ulland

11 months

Christmas came early.

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@ArneUlland

Arne Ulland

1 year

Warren Buffett's 5/25 rule isn't just for prioritizing life pursuits. It can and should be used for finding the best stocks that fit your personality too! Here's what you should do: 1. Write a list of the best 25 stocks according to your view. 2. Of those 25, choose the top 5.

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@ArneUlland

Arne Ulland

1 year

You will experience rapid growth as an investor the moment you start to benchmark potential purchases against the GOAT - $BRK.B, $CSU.TO, $INVE, $V, $UNH, $NOVO, $JNJ, $TMO and $MA, to name a few. Why does this new company deserve my capital more than these firms is the real Q.

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@ArneUlland

Arne Ulland

2 years

«Bad companies are destroyed by crisis, good companies survive them, great companies are improved by them” $V $MA $GOOG $SPGI $MSFT $MCO $TXN $AMT $ZTS $BRK $CSU $EL $NVO, $INVE $EVO $JKHY $ATCO $ASSA $KONE $OTIS

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@ArneUlland

Arne Ulland

1 year

Portfolio update - May 2023 YTD: 29% 3 YR: 82% 5 YR: 160% Highlights: Business as usual. Actions: Sold $AFG at 155 before report and bought back at 145 after r…Got the info I needed. Bought $AOJ Still looking at $TEQ & now healthcare stocks, $AMT & $JKHY + What about you?

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@ArneUlland

Arne Ulland

11 months

A gem from $EVO Q3 2023 transcript

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@ArneUlland

Arne Ulland

2 months

The money machine keeps compounding while we travel and enjoy the nature. The best part of investing in high quality companies is that they (in general) require very little maintenance. A review of operational & managerial performance here & there is often all that’s needed.

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@ArneUlland

Arne Ulland

2 years

Currently drafting the content schedule for my upcoming YouTube channel & would like some input. The channel will focus on quality and behavioral investing & I aim share how I act in times of turbulence etc. Topics: Elements of ROIC Why DCF fails Quality Rationality 👇 $QQQ

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@ArneUlland

Arne Ulland

10 months

I'll be on an early Christmas vacation for a couple of weeks and plan to take a break from Twitter until I return. Thanks to everyone for the great discussions and insightful content. "The quality club" might be a minority, but there are genuinely smart, kind, and rational people

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@ArneUlland

Arne Ulland

1 year

Slowly starting to see more attractive pricing in the market for quality companies. Not that many bargains and definitely not "blood in the streets" as some claim, but much better than 6 months ago. $KONE, $EVO, $KIT, $DEO, $BOUV, $NOTE, $BF, $SCI, $JKHY, $AMT, $DG (🃏)

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@ArneUlland

Arne Ulland

10 months

«I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of

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@ArneUlland

Arne Ulland

3 years

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@ArneUlland

Arne Ulland

4 years

"Hello darkness my old friend" (16.03.2020)

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@ArneUlland

Arne Ulland

5 months

Top 5 positions as shown in @DN_no $AOJ $UNH $INVE $LIFCO $CSU.TO

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@ArneUlland

Arne Ulland

5 months

Jeg hadde en fin prat med Dagens Næringsliv om betydningen av å tenke langsiktig og ha tillit til prosessen. Enten det dreier seg om aksjer, ferdigheter eller kunnskap, er det kontinuerlig forbedring og et langsiktig perspektiv som fører til suksess. Albert Einstein beskrev

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@ArneUlland

Arne Ulland

1 year

If you’re an investor or avid reader and not using Readwise then you’re missing out. I’d go as for as to say that discovering Readwise is one of the most impactful things that happened to me this year. Here’s why you should start using Readwise:

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@ArneUlland

Arne Ulland

10 months

Getting increasingly cautious about the market. Everything is going up, and I don't like the risk picture now.

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@ArneUlland

Arne Ulland

4 years

1/2 Skal delta i @DN sin aksjekonkurranse som en av 10 "investeringsprofiler". For mange handler dette kanskje om spekulering, men jeg skal velge 10-20 av de beste aksjene på Oslo Børs, holde hele perioden (10 uker) og heller prøve å insentivere til sunt investeringsvett.

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@ArneUlland

Arne Ulland

3 years

Planen for 2022 er faktisk å starte en kvalitetsfokusert youtubekanal hvor jeg rett og slett går gjennom min investeringsfilosofi & andre ting som måtte være relevant. Savner litt å "blogge" og håper at noen av de 2000+ som var på Stockles sitt nyhetsbrev finner veien til youtube

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@ArneUlland

Arne Ulland

2 years

ROIC & Growth should be together. They shouldn’t be viewed separately when assessing Quality. It’s like making food. Heat up some quality olive oil (ROIC) and add some fresh garlic (Growth) and you got a good basis for making something tasty.

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@ArneUlland

Arne Ulland

3 years

2021 has been a phenomenal investment year along with many good conversations with the #fintwit family. Thanks to all of you knowledgeable people who willingly shared information and reflected thoughts throughout this volatile year. Happy Christmas and Happy New 🎄

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@ArneUlland

Arne Ulland

1 month

~20% CAGR since 2018, and while it’s exciting, I’m just in awe that some investors can sustain this for decades. It’s been a very good period in the market lately, but to achieve this when the market isn’t giving out free passes, wow. That level of consistency is truly inspiring.

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@ArneUlland

Arne Ulland

1 year

Swedish Krona now All Time Low. The message below still applies.

@ArneUlland

Arne Ulland

2 years

Probably not the worst idea to look at Swedish companies with cost in SEK & revenue in USD now that the USD / SEK is above 11. Same logic goes for Japanese firms with cost in Yen and revenue in USD, such as Nintendo 🇯🇵 A few Swedish firms to look at. My favorite is Atlas Copco 🇸🇪

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@ArneUlland

Arne Ulland

2 years

One more hour before it’s time to say goodbye to the 20s and enter the 30s. Feeling good about the previous decade and what it had to offer. Hoping to meet the new decade with the same curiosity and mindset for compounding knowledge, memories and wealth. Can’t really ask for more

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@ArneUlland

Arne Ulland

4 years

A snapshot of my annual letter. This is what I consider the best players in the investment world.

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@ArneUlland

Arne Ulland

3 years

Just a friendly reminder that it’s okey to struggle finding out how you specifically prefer to invest. I spent 2011 to 2016 doing all kind of mistakes & chased several strategies before finding the one that was aligned with my personality. Take your time & enjoy the process.

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@ArneUlland

Arne Ulland

5 months

«Japan has 140 businesses that are at least 500 years old. A few claim to have been operating continuously for more than 1,000 years. It’s astounding to think what these businesses have endured – dozens of wars, emperors, catastrophic earthquakes, tsunamis, depressions, on and

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@ArneUlland

Arne Ulland

9 months

2024 has started with a bang, 8% YTD, massively helped by $AOJ which went from being hated to loved. As Akre just said in their Q3 letter: “ In short, we will not abandon what works over time to chase what’s working at the time” “(1) We will be periodically out of step with

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@ArneUlland

Arne Ulland

4 years

6 bøker som ikke bare gjør deg til en bedre investor, men som også forklarer hvorfor kvalitet er så vanskelig å kvantifisere samt hvor viktig det er å være obs på vaner. God lesing!

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@ArneUlland

Arne Ulland

2 years

It’s witty how quickly investors changed from applying “time in the market beats timing the market” in a bull market to becoming macro experts (hint: You’re not). Now it’s all doom & gloom & very pessimistic rate expectations. 10 year treasury yield is 3.5%. That’s all you know.

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@ArneUlland

Arne Ulland

4 years

Intervju i #Finansavisen om finansiell uavhengighet og hvordan jeg jobber for å oppnå fondsforvalterdrømmen.

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@ArneUlland

Arne Ulland

6 months

$AOJ “The Chinese bamboo tree takes more than five years to start growing, but once it starts, it grows rapidly to eighty feet in less than six weeks. As prominent blogger Anshul Khare once aptly remarked, "In the initial years ... compounding tests your patience and in later

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@ArneUlland

Arne Ulland

3 years

Not often you can buy a global fast-growing giant at a valuation of less than 15x Cash Flow per share (blue-line & EPS in black). $BABA is cheap on consensus estimates so either consensus is very wrong or the market knows/believes something else. Anyhow decent safety of margin.

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@ArneUlland

Arne Ulland

4 years

181 sider med gullkorn fra Peter Lynch 💡Bruk lockdown til å bli en bedre investor💡

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@ArneUlland

Arne Ulland

2 months

In 2022, François Rochon wrote that one of his biggest mistakes was selling O'Reilly Auto Parts ($ORLY), which surged to $844 after he sold it at $400. He had held the stock for 16 years. The stock is now trading at $1,120. Keep your winners—selling almost never works well.

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@ArneUlland

Arne Ulland

4 years

Takket være @aksjefokus så ramlet det inn en del nye følgere så her har dere iallefall oversikt over hva jeg har investert i.

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@ArneUlland

Arne Ulland

9 months

Spending this great Sunday morning drinking home-brewed coffee while reading fresh letters from my favorite writers and investors such as Fundsmith, Akre, Stone Ridge, Jenga, Seilern, Farnam Street, The Curiosity Chronicle, Collab Fund, Kingswell, and Camp 4. Life’s good ☕️

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@ArneUlland

Arne Ulland

4 months

What a surprise! Can’t wait to read your insightful book about quality stocks, @QCompounding 👏 This is the thing about #FinTwit —you can genuinely form strong connections that become incredibly valuable in real life by just being yourself and sharing your passions. I really

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Arne Ulland

3 years

Investing in the market can be a transitional movement in a person's life Last year I emailed my dad on the 18th of March: "Hi, all the turmoil in the market has provided a good opportunity for long-term investors and it is time to invest in equities" He didn't respond. But 👇

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@ArneUlland

Arne Ulland

8 months

"Fifty years ago, the best investors were the ones with an informational edge. Today, the best investors are the ones with a behavioral edge. As the speed of information dissemination in the markets and competition for short-term outperformance among money managers increased over

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@ArneUlland

Arne Ulland

3 years

Now that the price and thus investment risk has come down in $META I’m entering once more tomorrow with a 2-5% position after exiting a 28% position last year at ~$340-380. Don’t like the big capex program nor metaverse bet but much easier to accept here at sub~$195

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@ArneUlland

Arne Ulland

10 months

Gjestet podcasten StockUp idag og snakket om aksjer og investering. Dere finner episoden på Spotify 👇 **Episode 27 - Investing for growth med Arne Ulland** Vi fikk gleden av å ta en prat med Arne som er en svært dyktig investor med sans for selskaper med sterk ledelse, god

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@ArneUlland

Arne Ulland

4 months

My wife has been talking endlessly about this fantastic skin care cream called La Roche-Posay and how popular it is among women, so I googled the owner and, of course, it’s the L'Oréal Group $LRLCY. Incredible company that will continue to compound for decades.

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Arne Ulland

3 years

Out of all the investing rules, books and quotes I’ve read over the years, this is the one I’ve marked in yellow and put on the wall of my office. I see it every day. It reminds me that the moment I think investing and quick gains are easy, it’s time to step back.

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@ArneUlland

Arne Ulland

2 months

It’s impossible to compound at high rates over a long time if you don’t recognize that the media’s primary goal isn’t to deliver facts, but to drive engagement. The writers are often caught up in the moment themselves, making the news even less relevant for the rational investor.

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@ArneUlland

Arne Ulland

1 year

Added 500 shares of Investor $INVE-B today after a solid report. What fascinates me is that somewhere around the globe there’s a person sitting with a completely different view, finding the shares overvalued and not worth owning. Most likely a short-sighted person, in my opinion.

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@ArneUlland

Arne Ulland

1 year

Bouvet $BOUV will report on Wednesday. Think the company is too cheap <60 NOK. Here's my short take on moats for consultancy companies:

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