No More Investing Secrets! (by René Sellmann)

How does a medical doctor develop one of the most disciplined “quality-first” investment philosophies? In this episode, we sit down with Trevor from The Pursuit of Compounding to peel back the layers of his portfolio and process.We discuss:* The “Aha” Moment: Why Trevor shifted his focus to high-quality businesses that can compound for decades.* Portfolio Forensics: Why Berkshire Hathaway remains his largest anchor and how he differentiates between a temporary narrative shift and a genuine crack in a business’s fundamentals.* Risk & Reward: We analyze the high-conviction plays in his portfolio – from wide trajectory of outcomes in certain sectors to the steady compounding of names like Constellation Software.* Impact-Per-Minute: Trevor shares a personal look at the people who left a permanent mark on his life in just a single moment.This conversation is a masterclass in balancing a demanding professional career with the rigorous research required to find the world’s best durable compounders.Find the “Pursuit of Comounding” blog and the write-up we discussed towards the end of the episode here: Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, we dive deep into the concept of Net Working Capital (NWC) with Heavy Moat Investments. We explore how NWC plays a crucial role in evaluating a company’s financial health, liquidity, and operational efficiency. We break down the key components of working capital, including current assets like cash, inventory, and accounts receivable, as well as current liabilities like accounts payable and short-term debt.We’ll also discuss the implications of negative working capital, how it can be a strategic advantage for companies like Amazon or SaaS businesses, and where and when it can signal liquidity risks. Additionally, we explore the evolution of NWC over the decades, highlighting the shift from tangible to intangible assets and its impact on balance sheet analysis.Tune in as we explore early red flags, key indicators of business performance, and what the decline in NWC over the last 50 years means for corporate efficiency in the modern era. Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, I sit down with Andrew Brown to unpack the real mechanics of investing – from the ideas that shape conviction to the mistakes that refine it.We start with reflections on 2025 and the lessons that most influenced Andrew’s thinking as an investor. From there, we dive deep into Constellation Software and the broader software selloff: why CSU stood out, how AI disruption changes the thesis, and what could ultimately prove the investment wrong.We also explore the psychology of near-misses through the lens of Wise.Beyond public markets, Andrew shares candid insights from his experience as a business operator – what surprised him, what proved harder than expected, and how running a company reshaped his approach to investing.We close with a passion pick from his portfolio and a discussion on what makes a business intellectually compelling, misunderstood, and fragile at the same time.A conversation about conviction, humility, and the messy reality behind great investment decisions. Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, my guest Jakub (@jakubhajost on X) and I unpack InPost – one of Europe’s most fascinating business-infrastructure stories that sits at the intersection of logistics, technology, and e-commerce enablement.We go beyond the obvious “locker company” label and explore the deeper mental model: Is InPost a logistics operator, a tech platform, or the rails of European e-commerce? We break down why millions of consumers choose out-of-home delivery over the doorstep, what the actual user experience looks like, and how layers like app-based label-less tracking, loyalty, payments, AI-driven operations, returns, C2C, and cross-border capabilities strengthen the flywheel.We also examine the win-win-win-win proposition – how InPost creates value not only for shoppers, but for merchants, landlords, and society. We zoom out to Europe: when InPost stopped being a Poland-only champion and became a continental scale story, how consumer habits and cultural differences impact locker adoption, and which markets could matter most next – organically or via M&A.Then we pressure-test the idea:* What’s the strongest bear case, and why have competitors like Amazon, DHL, Allegro, and shared-locker networks not matched InPost’s ecosystem control or cost curve?* How real is the empire-building risk around international expansion and acquisitions like Mondial Relay?* What do institutional investors still misunderstand about the business?Finally, we look to the future – cross-border deliveries, valuation frameworks, potential international parcel economics, and the long-term destination analysis: If InPost executes perfectly, what does success look like by 2030–2035, and ultimately 2030 or 2035? Could this become “the European Amazon in the making”?If you want to understand one of Europe’s most asymmetric, misunderstood, and potentially moat-rich infrastructure plays – this one is for you.My deep dive: Disclaimer: Both Jakub and I own shares in InPost. The analysis presented in this blog may be flawed and/or critical information may have been overlooked. The content provided should be considered an educational resource and should not be construed as individualized investment advice, nor as a recommendation to buy or sell specific securities. The stocks, funds, and assets discussed are examples only and may not be appropriate for your individual circumstances. It is the responsibility of the reader to do their own due diligence before investing in any index fund, ETF, asset, or stock mentioned or before making any sell decisions. Also double-check if the comments made are accurate. You should always consult with a financial advisor before purchasing a specific stock and making decisions regarding your portfolio. Get full access to Compound with René at www.compoundwithrene.com/subscribe

In the last episode of the year, my guest Heavy Moat Investments and I unpack a mix of ideas that shaped our thinking between 2025 and 2026. We kick off with the most interesting things we’ve been reading, watching, and listening to lately – the signals that made us pause, rethink, or double-click on a business or a stock market trend.Then we reflect on 2025 itself: the biggest lessons learned, the moments that felt like personal breakthroughs, and why Liberation Day became a mental bookmark for a year of shedding old assumptions.A major part of the conversation revolves around AI and software moats & economics. We explore businesses with vertical, ecosystem-style moats like VMS providers, which are often deeply entrenched in their customers’ workflow. How strong are competitive barriers here? And is the market rightfully punishing “anything software?”We also touch on portfolio construction and the constant reshuffling that may come with being a learning machine. Finally, we step into 2026 with bold predictions that might look obvious in hindsight but feel uncomfortable today. Not because we think we can forecast the future perfectly, but because it’s simply a fun exercise.If you enjoy investing through the lens of business quality, evolving moats, and better decision-making, this episode may be for you. Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, I sit down with Mike Kytka from MoneyFlow Research (@moneyflowinvest), one of the most thoughtful independent investors covering cross-border payments, fintech infrastructure, and the rapidly evolving stablecoin landscape. Using Wise as our focal point, we explore where the company truly stands today: its moat, its regulatory advantage, its recent financial performance, and whether the market is misunderstanding the long-term potential and economics of building a global payments network.We also unpack the big question looming over Wise: How disruptive will stablecoins actually be? From the “full stablecoin sandwich” to regulatory frameworks like the GENIUS Act and MiCA, Mike walks through what really matters – the on- and off-ramps, the compliance stack, and why the hardest part of moving money isn’t the blockchain, but everything around it. We close with a look toward 2026: a potential U.S. uplisting, AI, valuation debates, and what a bull case for Wise could look like in a world where stablecoins go mainstream. Links to Mike’s two Wise write-ups:Initial write-up by Mike:2024 Update: Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, Ruki and Andrew join the show. We cover a wide range of themes shaping tech and markets in 2025. We dig into how AI might disrupt established players like Salesforce, PayPal, and Adobe, and whether large language models are really a dead end on the path to AGI. We also debate the fintech battleground with Wise vs. Stripe, discuss our takeaways from Meta Connect 2025, share a snap judgment on Adyen’s stock, and step back to look at the broader forces driving markets this year.It’s a mix of deeper dives and quick takes – perfect for anyone interested in the intersection of technology, investing, and the future of business. Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, we dive into the big questions shaping today’s market – from Nvidia climbing to 8% of the S&P 500 to whether buying at all-time highs is smart or reckless. We break down the timeless debate on market timing, unpack why free cash flow plus growth is such a powerful formula, and take a closer look at stocks like Crocs, Lululemon, Adobe, Novo Nordisk, and many more. Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, we are joined by Niklas – better known as Heavy Moat Investments – a 26-year-old former software developer from Germany who’s carved out a niche in deep, thoughtful equity research. With over 22k followers on X and 9k on Substack, he’s quickly become a go-to voice for long-term investors who care about moats, valuation frameworks, and owning quality.We cover:– How Niklas got into investing and how his thinking evolved– His valuation approach: intrinsic value vs multiples, TSR thinking, and adjusting to business life stages– Portfolio concentration and how he contrasts with investors like Andrew who take 40% positions– Risk appetite in younger generations: why are so many drawn to options, leverage, and momentum?– Unique asset classes (yes, even Bitcoin and CS skins)– Whether it’s possible to inspire others about investing – and why so many just don’t care– What he’s been reading and watching lately Tune in for a wide-ranging and honest conversation with someone who’s combining deep research with a growing audience – and doing it his own way. Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, we cover several major developments in tech and investing. We start by asking: Has Google already lost the AI race? Then we look at Meta’s aggressive AI strategy — including high-profile acquisition attempts and the hiring of former OpenAI executives — and whether it’s time to consider selling the stock. We also revisit The Boston Beer Company and its valuation, wondering if it’s as cheap as it looks. Finally, we reflect on the real challenge of not just finding but holding onto 100-baggers in a volatile market. Get full access to Compound with René at www.compoundwithrene.com/subscribe

Reflecting on Returns, Cash Drag & Wise’s Voting Control Get full access to Compound with René at www.compoundwithrene.com/subscribe

Time to Buy Lululemon AGAIN? Get full access to Compound with René at www.compoundwithrene.com/subscribe

This Is NOT a Normal Market Crash! 5 Investing Truths for the 2025 Market Meltdown ...Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/gypXg9wfIO/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/AiARCNujQD/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Is now the right time to buy Adobe stock? In this video, we dive into Adobe’s latest earnings, growth outlook, and competitive positioning to help investors decide whether ADBE is a buy at current levels. With AI integration, subscription model strength, and consistent cash flow generation, Adobe remains a tech stock worth watching. We’ll also examine key valuation metrics and analyst expectations to determine if the stock is undervalued or overhyped. If you're considering investing in Adobe or looking for strong long-term tech plays, this video offers timely insights. Don't miss our take on whether it’s time to buy Adobe stock now.Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Are You Ready? 24/7 Trading Is Coming – Here’s How to Win on the Nasdaq stock exchange ... Nasdaq’s SHOCKING 24/5 Trading Plan!Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Building Your Own Serial Acquirer - Starting at Stage 0 (pt. 3 w/ Andrew Brown)Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Serial Acquirers: Compounding Wealth Through Deals (pt. 2 w/ Andrew Brown)Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Becoming a Better Investor – Our Journey So Far (w/ Andrew Brown)Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Bridgewater's Sobering Market Outlook, Our Cash Positions, and Google & Celsius' Stocks Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

A Look at Moncler's Stock: High Fashion, High Returns? Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Celsius Buys Alani Nu: A Match Made in Heaven?Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/5ul0LfurvG/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Big Tech’s Spending Spree, Meta's Valuation & A Handy Rule of ThumbPodcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

The GIANT Tesla Illusion!Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/mDGaljb3KD/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

7 EXTREMELY Beaten-Down Stocks!Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/lbCBdVlK1c/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Investing in China & Living a Successful Life! (with Tiho Brkan)Music:https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/3lZI8tMu00/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

How a Growth Stock Becomes a Value Investment! (Part 2 with Tiho Brkan)Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/3lZI8tMu00/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Interview with Tiho Brkan: Is Buffett Making a Big Market Call?MUSIC:https://www.epidemicsound.com/track/5ul0LfurvG/https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

How the Stock Market Could Change in 2025!Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

I Have Big News! Get full access to Compound with René at www.compoundwithrene.com/subscribe

What You Need to Learn From Last Year’s Market!Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Evolution Gaming: A World-Class Business ON SALE?Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/lkX20ms161/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Kering: A Luxury Stock That Could DOUBLE?Podcast music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/hEchBeifrW/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

UBER Stock: A Generational Buying Opportunity in 2025?MUSIC:https://www.epidemicsound.com/track/bNTIw2jFG6/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

The question of whether US stocks are overvalued has become a hot topic among investors, particularly in the face of rising interest rates, geopolitical uncertainties, and a tech sector that continues to dominate the market.OTHER LINKS: JP Morgan Report: https://assets.jpmprivatebank.com/content/dam/jpm-pb-aem/global/en/documents/eotm/the-alchemists.pdfMUSIC:https://www.epidemicsound.com/track/5ul0LfurvG/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

The 5 Best Growth Stocks for 2025!Discover the top 5 stocks to watch in 2025 and learn why they could deliver impressive returns. In this video, I break down my top picks, starting with Louis Vuitton (LVMUY), a global luxury powerhouse poised for continued growth as consumer demand for premium products surges. Next up is Celsius Holdings (CELH), a leader in the booming energy drink market, offering innovative products that appeal to health-conscious consumers. I also dive into ASML Holding (ASML), a critical player in the semiconductor space, providing cutting-edge lithography technology essential for advanced chip production.Adding to the list is Evolution Gaming (EVO), a leading provider of live casino solutions, capitalizing on the rapid expansion of online gambling worldwide. Lastly, we explore Uber Technologies (UBER), which continues to dominate the ride-hailing and delivery sectors while innovating in autonomous driving and logistics. Whether you're a seasoned investor or just starting, this video offers valuable insights into these high-potential stocks. Watch now to learn why these companies deserve a place on your 2025 watchlist!Music: https://www.epidemicsound.com/track/4pM4ldz5RD/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

The S&P 500's Diversification Illusion!Music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

My ENTIRE Stock Portfolio REVEALED!MUSIC:https://www.epidemicsound.com/track/A0YOYAJjkv/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

How to Crush Your Financial Goals in 2025! Get full access to Compound with René at www.compoundwithrene.com/subscribe

The U.S. stock market is currently facing an array of warning signals that could point to an imminent correction or crash. Analysts are closely monitoring key indicators such as interest rate decisions, inflation figures, and market volatility. High valuations in sectors like technology have raised fears that stocks could be overextended, leaving little room for growth. With the S&P 500 and Nasdaq showing signs of investor euphoria, the question is: is the market heading for a significant downturn? Seven critical signals suggest that the market could be peaking. MUSIC:https://www.epidemicsound.com/track/4... Get full access to Compound with René at www.compoundwithrene.com/subscribe

Is Google's Stock a BUY Now?*DO YOU WANT TO LEARN HOW TO INVEST SUCCESSFULLY AND TRANSFORM YOUR FINANCIAL LIFE?*https://www.mentalmodelsmentoring.com/Google’s groundbreaking announcement about their new quantum computing chip has investors buzzing: is now the right time to buy Google stock? In this video, we explore what this technological leap means for Alphabet Inc. (GOOGL) and its shareholders. Quantum computing has the potential to revolutionize industries from artificial intelligence to cybersecurity, and Google’s advancements place it at the forefront of this game-changing innovation. But what does this mean for Google’s financial performance and long-term growth? We’ll break down the recent news, analyze how it could impact Alphabet’s core businesses, and assess whether the stock offers a compelling investment opportunity in today’s market.As quantum computing moves closer to commercial viability, understanding its implications for Google’s competitive edge is crucial. In this video, we’ll evaluate the potential market applications of Google’s quantum chip and its possible ripple effects on competitors like IBM and Microsoft. We’ll also dive into the company’s financials, including valuation metrics, recent earnings, and growth prospects, to determine whether Google stock deserves a spot in your portfolio. Whether you're a seasoned investor or just curious about the future of technology, this analysis will provide actionable insights to help you decide if Google is a buy right now.Music: https://www.epidemicsound.com/track/z9EA4GNqYV/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Ticker Talk: Is Yeti a Quality Business? Get full access to Compound with René at www.compoundwithrene.com/subscribe

Is It Too Late to Buy Bitcoin? Exploring the Market in 2024Are you wondering if it's still a good time to invest in Bitcoin? With its rapid price fluctuations and the rise of alternative cryptocurrencies, many are questioning whether Bitcoin's golden era has passed. In this video, we break down Bitcoin's current market trends, historical performance, and future potential to help you make an informed decision. Whether you're a seasoned investor or a crypto newbie, you'll gain insights into the factors driving Bitcoin's value and whether it's too late to jump in. Don't miss this deep dive into the world's most popular cryptocurrency.MUSIC:https://www.epidemicsound.com/track/V3z15znLBM/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

Warren Buffett's Big Market Call! Get full access to Compound with René at www.compoundwithrene.com/subscribe

Bill Ackman's NEW Big Investment! Get full access to Compound with René at www.compoundwithrene.com/subscribe

What the REALLY Smart Money Is Buying!MUSIC:https://www.epidemicsound.com/track/H8Fw1HdRTh/ Get full access to Compound with René at www.compoundwithrene.com/subscribe

The U.S. stock market has been on a remarkable upward trajectory since the re-election of Donald Trump, reflecting a renewed sense of economic optimism among investors. Key indices such as the S&P 500 and Nasdaq have surged as sectors from technology to finance report robust performance, driven by investor confidence in pro-business policies and potential economic reforms under Trump's leadership. This strong market momentum has created an environment of opportunity, attracting both retail and institutional investors who are keen to capitalize on the bull run.However, a closer look at market sentiment reveals a potential cause for caution. The CNN Fear and Greed Index, a widely monitored barometer of market sentiment, has been registering higher levels of greed, indicating that enthusiasm may be running too high. When the index signals extreme greed, it can often precede a market correction as overconfident investors drive valuations to unsustainable levels. With current market dynamics, while there’s significant optimism, the Fear and Greed Index suggests that prudent investors should approach the rally with careful risk management and remain aware of potential volatility ahead.Podcast Music: ⁠https://www.epidemicsound.com/track/1Zx0EcEIfC/⁠ Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this video, we’re uncovering a hidden stock bubble that few are talking about, focusing on some of the most popular quality stocks in today’s market. While these companies are known for being industry leaders and strong investments, their current valuations might not align with realistic future returns. We’ll break down why these high-quality stocks, often seen as “safe bets,” could be overvalued and pose unexpected risks to investors. If you’re looking to make informed investment decisions, understanding the potential risks of these overhyped stocks is essential.As the market pushes certain stocks to record highs, even the best companies can become overpriced. In this analysis, we’ll explore why some of the most admired businesses might disappoint in the future, as their current prices outpace their realistic growth potential. We’ll look at the factors driving this valuation bubble, the sectors most affected, and why holding these “must-have” stocks might not yield the returns investors are expecting. Whether you're a seasoned investor or just getting started, this video will help you navigate the hidden risks in today’s stock market.Podcast Music: https://www.epidemicsound.com/track/1Zx0EcEIfC/ https://www.epidemicsound.com/track/j90RWOBgKO/ Get full access to Compound with René at www.compoundwithrene.com/subscribe