In this episode, we’re joined by René Sellmann, teacher, investor, and co-host of the No More Investing Secrets podcast.

We dive deep into his philosophy of quality investing, the role of capital allocation, and why he's not afraid to underperform the market in the short term if it means staying true to his process.

Topics we covered:

- What makes a business “high quality” — and why it matters more than ever
- Evolution AB’s earnings — growth, regulation, and dividend safety
- Why René believes most investors should simplify their mental models
- Should companies cut dividends to boost buybacks? A spicy take
- Psychology, patience, and performance — how to think long-term
- Listener questions on REITs, ETFs, valuation, and when to sell

Mentioned Stocks (Yahoo tickers):

• Evolution AB (EVO.ST)
• Interactive Brokers (IBKR)
• LVMH (MC.PA)
• Edenred (EDEN.PA)
• Visa (V)
• Microsoft (MSFT)
• Apple (AAPL)
• Capri Holdings (CPRI)
• Bayer (BAYN.DE)
• Unilever (ULVR.L / UL)
• Deutsche Pfandbriefbank (PBB.DE)
• InteractiveBrokers (IBKR)
• Violea (VIE)

Links Mentioned - Rene | SubstackQuality Investing with René Sellmann | Rene | Substack

Follow Rene on his socials:

X: https://x.com/ReneSellmann

Threads: https://www.threads.com/@rene_sellmann

YouTube: https://www.youtube.com/c/Ren%C3%A9Sellmann

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See you on the inside!