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Mikael Tarnawski-Berlin collects good companies for the Carnegie Global fund. Read about how he does it and about some of his favorite companies, managers, and books

“Moody’s has a 40 percent market share in credit ratings and that is unlikely to change soon. The moat is almost structural and built into the system. A lot of fixed-income investors require a rating from either Moody’s or S&P to be able to invest…” Read the whole Moody’s investment case and other cases that live up to Tarnawski-Berlin’s strategy of making long-term investments in a few good companies that are well managed and undervalued.

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Investing is a core business for insurance company Protector Forsikring – CIO Dag Marius Nereng and his team have outperformed the market by running a highly concentrated equity portfolio

Despite an attractive combined ratio, investment income has made up the majority of the after-tax income for Protector Forsikring. Since they insourced the asset management the equity portfolio has outperformed by 100 percentage points. Nereng leads a team of investment enthusiasts with a strong focus on both in-depth research and continuous learning. Find out how they invest and why the team members do not speak to each other before 12 o’clock.

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Due to great performance, MediumInvest has a long waiting list of interested investors. Learn about the investment philosophy and process

Thomas Tang, founder of MediumInvest, focuses on Scandinavian small cap equities. He invests in companies that he understands very well and which trade at big discounts to their fair value. Read how Tang finds new ideas, how he looks at valuation, and why he believes small-cap equities are attractive. Also, read about three of the investment cases from the portfolio.

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Equity investors can gain unique insights via expert interviews – be inspired by how private equity funds use them

Andreas von Buchwald, founder and CEO of Nordic Knowledge Partners, talks about how expert interviews can add value to the investment process and how to get the best results from them. See examples of what kind of experts can help you make a more informed investment decision.

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Kurt Kara has outperformed by thinking independently – learn about how he works and some of his favourite industries

The successful value investor from Maj Invest talks about his investment process, idea generation, and his preferred sources of information. Kara never meets with management and he believes the setup is essential for good results. He likes to invest in industries with long-term visibility – read about two of these in the article.

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The Fundsmith portfolio – Big changes without changing much

Terry Smith has significantly outperformed the market by owning high-quality growth companies. The portfolio’s sector exposure has changed a lot. Holdings in consumer staples have been cut by 25 percentage points. See what they bought instead and see the statistics on Fundsmith’s main reasons for selling a company. Also, learn which portfolio company Smith would own for the next 15 years if he could only select one.

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Three interesting reads on investment horizons

Read the highlights from three papers on investment horizons. Learn about the relationship between holding period and performance in mutual funds, the holding period among different types of Norwegian investors, and one Nordic asset manager’s take on long-term investing.

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