Thanks to visit codestin.com
Credit goes to outsiderscorner.substack.com

The Outsiders' Corner

The Outsiders' Corner

Home
Notes
Holding Companies
Business Writeups
Premium
Archive
About

2025 Letter to Readers

5 Key Lessons of the Year, 3 best Ideas Currently and Portfolio Results.
READ THE LATEST
Top posts
Nordic Industrials - 2025
 • Ole
Serial Acquirers - 2024
 • Ole
Topicus
 • Ole
Asseco Poland
 • Ole
Top 10 Ideas - 3 Holding Companies
 • Ole

Recent posts

View all
The Outsiders' Corner
The Outsiders' Corner
Welcome - In this corner, you will find writeups on companies with potential for reinvestment of earnings at high returns, for a long time

Sector Writeup

View all
Nordic Industrials - 2025
Fourteen months ago, we explored top opportunities within the Nordic Industrial Compounder space. Since then, we've learned a few lessons, and now…
 • Ole
Serial Acquirers - 2024
Translating wisdom from REQ Capital into screening the field
 • Ole
Payment Providers - 2024
Exploring Investment Opportunities in the Competitive Payments Landscape
 • Ole
Nordic Industrials - 2024
Top down view on a group of Industrials with a 7-year CAGR of 22%
 • Ole

Business Writeup

View all
Asseco Poland
Layer upon layer of Holding Structures - enabling autonomy + aligned incentives in both operations and capital allocation.
 • Ole
Paradox Interactive - Interesting again?
Paradox is selling off again. How has the investment thesis evolved since our August 2024 write-up?
 • Ole
Eurofins Scientific
36,000% return over 25 years, then flat for the last 3. Could now be a good time to look at this compounder?
 • Ole
Medistim
Norwegian Medical Equipment Leader currently growing 25%, EBIT margins of 30% and ROIC of 35%
 • Ole
Nordnet - 2025 Update
Stock up 50% since last writeup, what's next?
 • Ole
Topicus
A closer look at the Top-Ranked Company in the Serial Acquirer Sector Writeup
 • Ole
MBB - 2024 Update
Follow-up on a German company up 50% YTD, having now multiplied sales by 28x since it's public listing in 2006, with less and less shares outstanding.
 • Ole
Shift4 - Investor Day Update
Insights from Investor Day, Global Blue Acquisition, and Founder leave for NASA
 • Ole
Investor AB - 2024 Update
Shareprice +25%. Underlying profits +12.5%.
 • Ole
Nilörngruppen
Niche Swedish Industrial with 30% ROCE, 10x PE (2025) & growth tailwinds.
 • Ole
NEKKAR
The (good) Leftovers of an Industrial Giant
 • Ole
Investor AB - Part II
Unpacking a 20% 10-year CAGR
 • Ole

Investing Journal

View all
2025 Letter to Readers
5 Key Lessons of the Year, 3 best Ideas Currently and Portfolio Results.
 • Ole
Inside the Corner - December 2025
AI Risk - Consultants vs Software? Our Portfolio, Mistakes this year & Highlights of best performers of 2025.
 • Ole
Inside the Corner - November 2025
2 New Ideas within a Secular Tailwind, Portfolio Update and 3 Top Ideas in Portfolio
 • Ole
Inside the Corner - October 2025
Q3 results. 1 company sold. MBB - expensive now? Investor - what is underlying profit growth this year? And more
 • Ole
Portfolio Spotlight - Q3 25
Business Highlights, Forward Returns from here and events to look out for
 • Ole
Inside the Corner - September 2025
A look into the Constellation Software Universe and our September Update.
 • Ole
Inside the Corner - August 2025
Portfolio Update and a look into a Medical-oriented Holding Company for Ideas.
 • Ole
Outsiders' Corner - Top 9 Ideas
Our Most In-Depth Writeup Yet: 25 pages covering Our Top Holdings
 • Ole
Top 10 Ideas - 3 Holding Companies
Going through 3 more of our top 10 ideas. Our thesis in Investor AB available for all readers.
 • Ole
Top 10 ideas - 3 Industrials
Waste plants, medical devices & niche industry.
 • Ole
Inside the Corner - July 2025
Reflections on Position Sizing and doubling Down on Winners
 • Ole
Inside the Corner - June 2025
Transparent look at all Portfolio Moves in 2025. 3 new positions, and takeaways from the 5 exits this year.
 • Ole
© 2026 Ole Haldor Ensrud · Privacy ∙ Terms ∙ Collection notice
Codestin Search App Start your SubstackGet the app
Substack is the home for great culture