9 Comments
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David's avatar

Very good reflections on the industry and the company. Thank you for sharing

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searching4value's avatar

Great reasoning for the almost buys.

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oriental speculator's avatar

Thanks the almost buys are always the most insightful

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Co-Business-Owner's avatar

I think you nailed it.

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Simon's avatar

I tried my hand on UMDK:

https://simonbrenncke.substack.com/p/united-mobility-technology-when-you

I'm excited you're going to cover them. You will do it like 10x better than me and I will learn a lot more about the company, without a doubt :-)

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Michael Fritzell's avatar

I'd buy the game developers with long lasting franchises. GTA, Diablo, Fantasy Westward Journey, Final Fantasy, etc

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IJW's avatar

Yeah first few are monetizable with skins as well. Rockstar has kept GTA 5 alive for 10 years now.

And I think when a franchise has been succesfully kept alive for long enough, the nostalgia factor becomes high for more people, which increases room for at least some fuck ups.

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AncientSion's avatar

Alpha Centauri ?

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G.O.'s avatar

This is a well-reasoned critique of the video game industry. I have also questioned the validity of earnings multiples on these companies.

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