By Robert Vinall
Rob explores topics around value investing and business.
This is a talk Rob gave at Bob Miles' Value Investor Conference in Omaha on 3 May 2024. The talk is called Five Moat Myths and discusses five commonly held beliefs about moats that may be incorrect. Rob first spoke at the...
Rob discusses a recent trip to the US and reflects on what he saw in the places he visited and what he heard from the people he met. If you would like to leave a tip to cover the cost of...
Rob discusses his recent trip to China. He reflects on what he saw when travelling through four megacities and what he heard in conversations with friends, fellow investors, business people, and artists.
In his 2023 letter to co-investors, Rob discusses: The perils of reading too much into recent experience The current sentiment towards China A new investment in PDD Holdings
Rob Vinall moderates the Capital Allocator panel at RV Capital's 2024 Annual Gathering in Engelberg on the 14th of January 2024. The panel members are: Jason Matz: GHR Foundation Thomas Berchtenbreiter: BTV Beteiligungsverwaltung Sargent McGowan: UVIMCO (University of Virginia)
Amelie Vinall moderates a Women in Investing panel at RV Capital's 2024 Annual Gathering in Engelberg on the 14th of January 2024. The panel members are: Alex Douglas: Investure Fatima Dickey: Lagoda Investment Management Sofia Hou: Investment manager from Boston
Rob Vinall moderates a panel at RV Capital's 2024 Annual Gathering in Engelberg on the 14th of January 2024. The panel members are: Tim Liu: Meditation Capital Fred Saland: Oxylus Capital Joan Esteve Manasanch: Gesinter SGIIC
Rob Vinall and Andreas Lechner respond to the audience's questions about the development of the Business Owner Fund at RV Capital's 2024 Annual Gathering in Engelberg on the 13th of January 2024.
Rob Vinall interviews Wix COO Nir Zohar in front of a live audience at RV Capital's 2024 Annual Gathering in Engelberg on the 13th of January 2024
The topic of this memo is how hard it is to beat the market in the long term, why this is the case, and ten countermeasures an investor can take.
The podcast contains discussions of the following topics: A new investment in Interactive Brokers Increased investments in Meta Platforms and Ryman Healthcare Why the fund is concentrated in individual companies and what drives their weighting in the portfolio AI and...
Impressions from my first trip back to China after the pandemic. Topics discussed include: The increasing liveability of China's major cities; City planning in China; China's decoupling from the rest of the world; Battery Electric Vehicles; Competition; Politics and Macro; and...
The letter contains a discussion of the following topics: An update on my health situation; A discussion of health data and privacy; A (I hope premature) post mortem of our investment in Carvana; Lessons learned from the Investment in Carvana; ...
RV Capital's first half letter for 2022 contains discussions of: Organisational changes at RV Capital; How I have dealt with the drawdown; Surging inflation; Rising interest rates and their implication for investing in long-duration cash flows; The fund’s exposure...
This is a live recording of a panel discussion for emerging managers at RV Capital's 2022 Annual Gathering in Engelberg, Switzerland on the 27th of March 2022. The members of the panel are Claudine Innes, who is responsible for manager...
This is a live recording of the fireside chat between Joel Cohen and Rob Vinall at RV Capital's 2022 Annual Gathering in Engelberg, Switzerland on the 27th of March 2022. Joel works at MITIMCo, the investment management company of Cambridge-based...
This is a live recording of the fireside chat between Dennis Hong and Rob Vinall at RV Capital's 2022 Annual Gathering in Engelberg, Switzerland on the 27th of March 2022. Dennis is the founder and CEO of ShawSpring Partners, a...
This is a live recording of the fireside chat between Darryl Rawlings and Rob Vinall at RV Capital's 2022 Annual Gathering in Engelberg, Switzerland on the 26th of March 2022. Darryl is the founder and CEO of Trupanion, a pet...
This is a live recording of Rob's Q&A; at RV Capital's 2022 Annual Gathering in Engelberg, Switzerland on 26 March 2022. It features questions from both the live and online audience. The recording is also available as a video on...
RV Capital's 2021 letter contains a discussion of our recent investment in Carvana, an e-commerce platform for buying and selling used cars. The letter also weighs the relative importance of moat vs execution. It makes the argument that investors perhaps overestimate...
Why investors are overestimating the impact of regulation in China; Some parallels to a prior market panic; New investments in Alibaba and Salesforce.com.
In my 2020 Investor letter, I discussed the concept of “Margin of Safety” i.e., paying less for a security than it is worth, and its implications for investing. This memo is intended as a follow-up to that discussion. It is...
What are Compounders? Why are they so popular amongst investors? And is the phenomenon sustainable? A critical analysis using a framework suggested by Benjamin Graham in his seminal work on investing: "The Intelligent Investor".
A podcast about conspiracy theories, mental illness, how we evaluate information, and the lessons for investing.
A list of my favourite podcast shows. My preference is for shows about Tech, Health, Business and China that celebrate open and honest debate.
Rob reads out his 2020 Investor letter. The Letter includes: A discussion of the short attack on Grenke; Some further thoughts on investing in early-stage listed businesses in the context of our recent investment in Slack; A critical look...
