Bending Spoons $BSP​ started trading in july.

They basically buy startups at a fraction of their valuation

So far they have acquired

Wetransfer

Airtable

AOL

Vimeo

Eventbrite

Meetup

Evernote

Miro (last month)

Once they acquire it they fire most of the people.

Do you think this would be value investing at its current price?

Hey everyone,

What do you consider the best books on GTM Engineering?

I'd love to know which ones you've learned the most from.

Thanks!

Just out of curiosity.

Did you ever attended one?

How was it?

Did you ever meet Charlie and Warren?

What was the best thing that you learned there?

Hey everyone,

I’ve been trying to get better at analyzing stocks and reading company financials. Balance sheets make sense (what you own vs. what you owe), and Income Statements make sense (revenue minus expenses = profit).

But the Cash Flow Statements always throws me for a loop. Specifically:

Why does a company with high net income on paper sometimes go bankrupt?

How do I actually read the three main sections without my eyes glazing over?

What are the biggest red flags to look out for?

Any simple frameworks or mental models would be hugely appreciated!

I was looking at Genuine Parts Company ($GPC) lately—best known for owning NAPA Auto Parts in the US and the Motion industrial distribution network.

GPC is sitting near cyclical lows. It's down roughly 20% from its 52-week highs, trading around 14.5x–15.5x forward earnings with a ~3.4% dividend yield.

They’ve increased their dividend for 68 consecutive years (one of the oldest Dividend Kings on the market).

1. The Average Car on the Road is 12.5 Years Old: High interest rates and expensive new vehicles mean people are keeping their cars longer than ever. Older cars mean more replacement alternators, brake rotors, and spark plugs—which flow directly through NAPA.
2. Local Delivery Moat: When a local repair shop needs a specific water pump to finish a job by 4 PM, they can't wait 2 days for Amazon. NAPA’s hub-and-spoke distribution system delivers directly to commercial bays in under 45 minutes. That commercial revenue (~80% of NAPA's business) is incredibly sticky.
3. Dual-Engine Model: About ~68% of their revenue is Automotive, while ~32% is Industrial Parts (Motion Industries). Industrial gives them upside exposure when manufacturing expands, while auto repair provides a defensive floor during economic downturns.

Metric	Current / Normalized Profile
P/E (Forward)	~14.8x (Historical 5-Yr Avg: ~18x)
Dividend Yield	~3.4% (68-year streak, ~55% payout ratio)
Balance Sheet	~2.0x Net Debt/EBITDA (Manageable investment-grade profile)
Capital Allocation	Steady bolt-on M&A in Europe/Australasia + ~1-2% annual share buybacks

• Do you think P/E at 500x+ due to restructuring noise. Is this an accounting distortion, or a deep value trap?
• Do you view $GPC's current discount as a cyclical buying opportunity for a long-term compounder, or is worth the higher valuation multiple due to superior capital allocation?
• How real is the EV threat to auto parts distributors over a 10-year horizon?
• For those holding dividend growth stocks in this environment, is ~3.4% yield with ~5% dividend CAGR attractive enough when risk-free cash yields are still decent?

Would love to hear thoughts

La idea es conocer los mejores fabricantes y luthiers de tiple en Colombia.

Uno por ejemplo es en Marinilla, Antioquia Guitarras Ensueño, desde 1861 con una tradición que viene desde el bisabuelo.

Pero he escuchado que hay muchos en Cundinamarca, Boyacá, Santander, Tolima y seguro otros lugares que desconozco.

La idea es aprovechar este espacio para difundir.

During a recent interview, Warren Buffett dropped a line that pretty much sums up how a lot of us have been feeling about the market lately:

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He pointed out that when the financial industry makes more money cultivating day-traders, 0DTE options junkies, and speculative thrill-seekers than real long-term investors, the whole market starts acting like a giant casino.

When Berkshire Hathaway sits on roughly $400 billion in cash because valuations are stretched thin, it’s easy for a normal individual investor to feel lost. If the greatest value investor of all time is struggling to find good deals, what are everyday people trying to build wealth supposed to do?