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Free writeups to get a taste for the newsletter:

Sung Capital
Is Röko a Lifco all over again?
The most successful executive capital allocators in history naturally get to a point in their careers when, after decades of rolling their snowball, they’ve deservedly earned their mark, immense wealth, and fawning adoration in the investment community: Warren Buffett, Henry Singleton, Mark Leonard, John Malone, Tom Murphy, the Rales brothers, among oth…
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a year ago · 15 likes · Oliver Sung
Sung Capital
Lindbergh
At night, while you're tucked snugly under your duvet, Lindbergh’s truck drivers work quietly in the dark, orchestrating a silent symphony to ensure swarms of field service engineers across Italy can work efficiently by daybreak…
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a year ago · 6 likes · Oliver Sung
Sung Capital
Nordfyns Bank: merger deal’s off, setup isn’t
Denmark is overbanked. Although the number of banks in this tiny Scandi country has dropped from 219 (with 2.5k branches) in 1991 to 55 (with ~700 branches) in 2024, the four largest Danish banks hold nearly 90% market share. This compares to something in the mid-70s% in other European countries and <50% in Germany. It means that >50 of Danish banks are…
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a year ago · 7 likes · Oliver Sung
Sung Capital
Liquidation play for a 20% IRR
As I've written before, this newsletter is like a public notebook for me: a place where I jot down my ideas (and non-ideas) to organize my thoughts, expose blind spots, and sharpen weak or incomplete arguments. I write up far more stocks than I own, since I'm a concentrated investor. These writeups stem from my daily hunt for ridiculously cheap, off-the…
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a year ago · 4 likes · 5 comments · Oliver Sung
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