Investor in quality businesses led by excellent managers, while ensuring I don’t overpay 🧠 Next to that, I’m a writer of a blog on (high-)quality investing! 📚

Joined March 2024
23 Photos and videos
Pinned Tweet
20 Jan 2025
I’ve just shared my third deep dive with you - this time on $NEDAP.AS, a Dutch small-cap tech player and one of my biggest holdings. It is quite extensive, with an estimated reading time of ~50 minutes, so there’s plenty to unpack. I hope you enjoy it! open.substack.com/pub/mindfu…

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Luuk retweeted
(1/8) Looking for software-like characteristics, but without the AI disruption fears? Tasmea Limited ($TEA) offers exactly that and more (60% insider ownership, >25% ROIC and a history of tripling EBIT every three years) at less than 13x NTM P/E.
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Luuk retweeted
Feb 13
This is the dumbest thing any government on planet earth is pursuing right now. And that’s saying something.
Sad day in NL, the Dutch government is expected to pass a bill introducing a 36% tax on unrealized capital gains. This will destroy long-term strategies, kill compounding effects & trigger a wealth exodus of biblical proportions. But they'll pass it anyway. Can't fix stupid.
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Luuk retweeted
"Capitalism created the possibility of the win win win. It used to be a zero sum game where somebody won, somebody else lost. The biggest mistake people make, intellectuals in particular, they still think we're in a zero sum world. They're obsessed with some billionaires because Bernie Sanders thinks that Jeff Bezos and Elon Musk somehow stole the money from the people. They don't understand that it's this prosperity machine that's creating more, not just for those billionaires, but for everything that they're touching. They're creating value for their customers, they're creating value for their employees. Their suppliers are flourishing, their investors are seeing their capital go up. It can be reinvested and compound. All philanthropy ultimately comes from business. That's where the profits are. Where does all the taxes come from? It ultimately comes from business as well. This is the engine that's lifting humanity out. The entrepreneurs are the drivers of that engine. Somebody like Elon Musk, he gets a very, very, very tiny sliver of the value that he creates for the whole world." —@iamjohnmackey
My Conversation with John Mackey (@iamjohnmackey), co-founder of Whole Foods Market. 0:00 Fanatical Entrepreneurs: Why Work Feels Like Play 2:18 The Missionary vs. Mercenary Co-Founder Conflict 6:16 The Shirtless Hitchhiking Hippie and Johnny Rockefeller 8:12 Entrepreneur Confidence: Solving Puzzles and Cracking the Code 10:19 Flying Under the Radar: How Supermarkets Ignored Whole Foods 10:52 Venture Capitalists Are Hitchhikers With Credit Cards 14:03 Builder Entrepreneurs vs. Serial Entrepreneurs 16:31 Time Is the Only Filter I Trust 20:52 How Walmart Accidentally Fueled Whole Foods' Success 24:01 The Jaw-Drop Effect: When Customers First Walked In 27:17 Growth Through Acquisition: Building Geographic Platforms 29:19 Secret Allies: The Natural Foods Network 33:17 Mrs. Gooch's and the Revelation of Scale 34:52 Missionaries Sharing Financial Statements and Building Friendships 38:10 Never Competing Head-On With Friends 41:22 Going Public and Creating Liquidity for the Network 42:00 Continuous Learning: The Michael Dell Principle 44:10 Steve Jobs and Spotting Markets With Second-Rate Products 46:50 The Joy of Watching Team Members Become Millionaires 48:09 Capitalism: The Greatest Thing Humans Ever Invented 55:59 Cult Brands Are Built by Evangelists 58:01 Passion Is Infectious: The Reality Distortion Field 1:00:08 From Busboy to CEO: The Resume of an Entrepreneur 1:02:57 Learning From Near-Death Experiences 1:04:05 Money Means Freedom: Early Work Ethic 1:05:25 Shoe Dog as the Benchmark: Belief Is Irresistible 1:09:16 Documenting Time: Why Chronology Matters in Memoirs 1:11:14 Rockefeller, Bezos, and Musk: The Master Strategists 1:14:39 Using Doubt as Fuel: The Slow Burn of Proving People Wrong 1:20:04 Daniel Ek and Having No Ceilings 1:23:09 How His Father Shaped His Ambition 1:25:52 Firing His Father From the Board: The Hardest Decision 1:28:01 His Mother's Deathbed Wish and Lasting Regret 1:34:47 The Ceremony of Forgiveness 1:36:17 MDMA Therapy and Breathwork: Accessing Deeper Consciousness 1:38:54 The Entrepreneurial Journey as a Spiritual Journey 1:40:45 Conclusion Includes paid partnerships.
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Luuk retweeted
"Bill Ruane consistently said that you will make more money from your six best ideas in life than from everything else you do. You really need to know what your six best ideas are. It’s okay to not be excited about everything. It’s okay to not find a great idea for a year or two. When you find that great idea, you want to buy it in size. Sometimes you have to trust your gut." - David Poppe, December 2025 Graham & Doddsville
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Luuk retweeted
17 Sep 2025
Safety data posted by Waymo this week is great news, showing an ~80% drop in accidents compared to human drivers. Cars driven by humans kill 40,000 Americans a year. If Waymos drove us all, there would be 32,000 fewer deaths each year. It is good to see trials beginning in NYC and this amazing technology spreading
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Luuk retweeted
Thoma Bravo is bullish on 🇪🇺 European software companies: - Software spending will grow at ~11% CAGR - They are 25% cheaper vs US comps - There are 13,000 software cos with over $10M in annual revenue, generally profitable Very bullish for $TOI.V cc $CSU.TO
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Luuk retweeted
21 Nov 2022
1/ A perfect market timer who bought the market at its lowest PE in 1920 (4.8x) and sold at peak PE (44.2x) in 1999 would've realized a 14.5% 79-year CAGR. From this 14.5%... - 2.8%/year was attributable to multiple expansion - 11.7%/year was attributable to biz performance
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Some of my thoughts on Nedap's FY2024 numbers from yesterday: substack.com/@mindfulcompoun… $NEDAP.AS $NEDAP

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26 Feb 2025
Warren Buffett: "The idea of spending loads of time trying to guess how many iPhones or whatever it may be are going to be sold in a given three-month period — to me, it totally misses the point." "Nobody buys a farm based on whether they think it's going to rain next year."
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Luuk retweeted
Just ran this. Wow. The Mag 7 were ~60% of the S&P 500’s 29% return over the past 3 years, despite losing 40% in 2022. They were ~15.6% of sales growth and an INCREDIBLE ~106% of net income growth. Yes, the 493 in the S&P ex the Mag 7 experienced an outright decline in earnings.
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Luuk retweeted
Added 42 new stock pitches to the website, including (pt 1): @DavidDiranko (Monday Delight)- $BQM.SI, $BOL.AX, $INH.DE, $KSB.DE, $DGL.AX @olensrud - $NIL-B.ST @QuestforYield - $ZBH @Pharmdca - $DAWN @valuedontlie - $CAN.L (acquisition) @MindfulCompound - $NEDAP.AS
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20 Jan 2025
I’ve just shared my third deep dive with you - this time on $NEDAP.AS, a Dutch small-cap tech player and one of my biggest holdings. It is quite extensive, with an estimated reading time of ~50 minutes, so there’s plenty to unpack. I hope you enjoy it! open.substack.com/pub/mindfu…

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18 Nov 2024
Thank you all so much for big 1000! I hope to continue providing value for you through my (hopefully high-quality) long-form blogs on great investors, deep dives and other investing-related topics (let me know if you have some suggestions). I appreciate you all, thanks again.
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Investors can win by not losing big! Big losses compound investors’ irrational behaviour. You & I are no different. We need a framework to deal with such scenarios while managing portfolios. Minimising 'big' losses is more important than maximising gains. Huge drawdowns are painful in the short term and create a dent in long-term returns. For example, assume the following table in which you had two years of similar returns, and in the third year, you are down by the same percentage. You will notice that the best CAGR was by someone who generated 30% for two years and -30% in the third year, compared to 70% for two years and -70% in year 3.
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15 Nov 2024
Powerful words from The Intelligent Investor
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14 Nov 2024
Gotta love it: Rochon’s adding big to $KNSL in Q3 and still expanding $MEDP & $ODFL – interesting picks. Rob Vinall has $CACC too; worth a closer look? I wrote a blog on Rochon's annual letters. Here’s the link if you're interested in his timeless lessons: mindfulcompounding.substack.…
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Luuk retweeted
Dino Polska $DNP, une société 🇵🇱 éligible au PEA 🛒 📊>20% CAGR du nombre de magasins sur 15 ans 💰Marge nette ~6% 💵 >20% de rentabilité du capital 👨Dirigé par le fondateur (51%) Thanks a lot @MindfulCompound for your work 🙏🏼 cleanyourfinance.com/p/61-di…
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$DNP.WA Dino's up after a strong Q3 report! Key reasons: 1. EBITDA margin is improving, with no more mention of margin pressures (unlike H1 report). 2. LFL sales are rising. 3. More store openings planned for 2025 than 2024. Here's my deep dive on Dino: mindfulcompounding.substack.…

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In Q4 2023 $HIMS revenue grew with 65% after which the growth rate slowed down to 46% in Q1 '24. Well it's really reaccelerating now with 52% in Q2 to 77% in Q3 to ~90% in Q4.. (!) Insane quarter. Long $HIMS
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