No More Investing Secrets! (by René Sellmann)

When is the right time to sell a stock? In this video, we break down a framework for deciding when to exit a position based on a company’s intrinsic value compounding rate. While low-growth companies often warrant a sell the moment they re-rate to fair value, high-growth compounders require a completely different mindset. We look at why confidence ranges for valuation are much tighter for slower growers, why high compounders command wider valuation bands, and why selling your best compounders too early can cap your long-term upside.We also examine how this plays out through the Total Return Formula – earnings growth, multiple changes, share buybacks, and dividends. You’ll see why low-growth stocks rely heavily on multiple expansion to generate outsized returns (making a re-rating to fair value the ideal signal to exit), whereas high-growth compounders derive most of their return from underlying earnings growth, making them far less dependent on multiple expansion to outperform over 5 to 10-year horizons.Thank you to everyone who tuned into my live video! Join me for my next live video in the app.Disclaimer: The analysis presented in this blog may be flawed and/or critical information may have been overlooked. The content provided should be considered an educational resource and should not be construed as individualized investment advice, nor as a recommendation to buy or sell specific securities. I may own some of the securities discussed. The stocks, funds, and assets discussed are examples only and may not be appropriate for your individual circumstances. It is the responsibility of the reader to do their own due diligence before investing in any index fund, ETF, asset, or stock mentioned or before making any sell decisions. Also double-check if the comments made are accurate. You should always consult with a financial advisor before purchasing a specific stock and making decisions regarding your portfolio. Get full access to Compound with René at www.compoundwithrene.com/subscribe

I couple of weeks ago, I sat down with The Dutch Investors for a wide-ranging conversation on my evolution as an investor, my research framework, how I leverage AI, and how I think about the future of tech.I’m resharing this episode to reach a broader audience, so feel free to pass it along to anyone who might find it valuable. Let me know your key takeaways in the comments!Here is what we covered in the episode:* My Backstory & Socials: What sparked ten years of continuous passion for investing, creating content, and leveraging productivity as a personal life hack.* Hard-Earned Lessons & Mistakes: Why I gravitated toward quality investing early on and the power of writing down a framework.* Research Process & Philosophy: Breaking down my complete process – from idea generation and business quality assessment to position sizing, valuation, and psychological discipline.* Latticework of Mental Models: How I use “thinking tools” like inversion, margin of safety, legacy vs. reinvestment moats, and localized network dynamics to make rational decisions.* Are We In an AI Bubble? My thoughts on the current environment.Hope you enjoy the discussion! Get full access to Compound with René at www.compoundwithrene.com/subscribe

Thank you The Private Ledger, Burn The Index, Sebastian celeiro, and many others for tuning into my live video with Learning.Investing.Thriving.! Join me for my next live video in the app. Get full access to Compound with René at www.compoundwithrene.com/subscribe

I recently hosted Pieter from Compounding Quality for an in-depth conversation covering his evolution as an investor, building a massive media presence, and managing a focused portfolio.Here is what we covered in the episode:* His Evolution: How Pieter transitioned from losing money as a teenage day trader to becoming a disciplined quality investor – including early mistakes with stocks like Ulta Beauty, OTC Markets, and Textainer, and his current goal of generating $1 in free cash flow per minute from his portfolio.* Building a 1M+ Audience: The story behind starting his social media presence in 2022, growing to nearly 1 million followers, and handling the responsibility that comes with a massive platform.* Mindset & Handling Criticism: How he processes online feedback and tough comments using a growth mindset.* Networking & Berkshire Hathaway: The power of networking at major industry events like Berkshire Hathaway meetings and how leveraging a strong network builds better investment insights.You can also find Pieter from Compounding Quality (Substack) on X (@QCompounding), LinkedIn (click here), and Instagram (@pieterslegersofficial). Get full access to Compound with René at www.compoundwithrene.com/subscribe

In this episode, we sit down with Jamie Halse, Founder and Portfolio Manager at Senjin Capital, to dissect one of the most compelling and misunderstood corners of global equities: Japanese small-caps.Following 13 years at Platinum Asset Management, Jamie launched Senjin Capital in 2024 with a clear mandate – buying quality, asset-rich Japanese small caps at 30 cents on the dollar and engaging constructively with management to unlock trapped balance sheet cash.We take a deep dive into the real drivers behind Japan’s market evolution, looking past high-level headlines to explore:* The $300M Sweet Spot: Why over 2,000 Japanese micro/small-cap companies lack meaningful analyst coverage, and how that structural neglect creates Senjin’s core edge.* Setting up a Fund: Jamie detailed the operational challenges of setting up an activist fund in Japan, the process of identifying and engaging with target companies, and the cultural and financial literacy aspects of working with Japanese management teams. * Governance Reform vs. Cosmetic Compliance: We discussed the progress of governance reforms in Japan, the differences between large and small caps, and the competitive landscape for activist investing. How to distinguish between genuine capital allocation shifts and superficial disclosures as the Tokyo Stock Exchange pushes for higher capital efficiency.* Tactical Activism: What constructive, active engagement actually looks like in practice. * Macro Dynamics & The Yen: Jamie’s take on central bank policy, unwinding cross-shareholdings, and why currency fluctuations play a distinct role depending on export versus domestic exposure. Jamie shared his views on the yen’s undervaluation, the impact of currency movements on different types of businesses, and briefly compared the situation in Japan to Korea. Whether you are an institutional allocation specialist or looking to understand why global investors are re-evaluating Japanese equities, this conversation offers a pragmatic, ground-level blueprint for value investing in Japan today. Get full access to Compound with René at www.compoundwithrene.com/subscribe