Obermatt

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The method behind the ranks.

Short, practical reading on how peer-relative ranking works — and how to use it without fooling yourself.

White Paper

Obermatt Ranks V2: A Three-Layer Stock Ranking System

The complete methodology — peer percentiles, forensic gates, and the Value Creation Score — with every formula published.

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How the 360° rank works

3 articles

Why we rank peer-relative, what the 360° score blends, and how to read the value lens.

Moats & fundamentals

8 articles

The durable-advantage and valuation ideas the ranks are built to measure.

BasicsMay 26, 2026

Your circle of competence: buy what you understand

Peter Lynch said buy what you know, but familiarity is only a start: your circle of competence is the businesses you can actually judge.

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4
min read
BasicsMay 20, 2026

What is an economic moat, and how to spot one

The product draws customers; the moat — the durable advantage that keeps rivals out — protects the profits, and it comes from five sources.

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5
min read
BasicsJune 8, 2026

Growth is not always good: the moat test every expansion plan must pass

Bruce Greenwald showed that capital deployed outside a moat earns only its cost — so growth without a moat is a treadmill, and can quietly destroy value.

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5
min read
BasicsJune 8, 2026

Your stock’s moat is probably shrinking: how to read moat trend before the market does

A wide moat tells you about today; the moat’s direction tells you about the next ten years, and the two often point opposite ways.

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6
min read
BasicsJune 8, 2026

Mistaken moats: the four things investors confuse with competitive advantage

A great product, a dominant share, flawless execution, a brilliant CEO — Pat Dorsey shows all four feel like a moat and none of them is one.

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6
min read
BasicsJune 8, 2026

Multi-source moats: why one advantage is never enough

A single moat can be breached; the businesses that last stack two or three sources that defend each other, the way Munger said forces compound.

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6
min read
BasicsApril 15, 2026

Margin of safety: buy below what it is worth

Ben Graham, the father of value investing, made the margin of safety his rule: pay below fair value so being wrong still costs little.

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4
min read
BasicsMarch 25, 2026

How many stocks should you own?

Most think safety means owning more, but the five largest US companies are roughly a quarter of the S&P 500 — owning few, deliberately, spreads risk.

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4
min read

The workflow

1 article

From the full universe down to a shortlist you can actually act on.

Investor mindset

9 articles

The behavioral traps and second-level thinking that decide whether good analysis pays off.

InvestingJune 7, 2026

The investing app is not your friend: how gamified platforms engineer your worst decisions

Zero-commission apps sell empowerment, but the confetti, push alerts, and top-movers feed are tuned to one number — how often you trade — and that is the habit the evidence ties hardest to losing money.

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6
min read
InvestingJune 5, 2026

The pre-mortem: how to stress-test a stock thesis before you own it

Ordinary due diligence builds the bull case first and then hunts for support; the pre-mortem flips it, writing the failure’s obituary before you buy.

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5
min read
InvestingJune 2, 2026

The disposition effect: why you sell your winners too early and hold your losers too long

The textbook rule is to cut losers and let winners run, yet the brokerage records show ordinary investors doing the precise reverse, and the purchase price is the reason.

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5
min read
InvestingJune 1, 2026

Noise vs signal: why checking your portfolio daily is costing you money

“Stay informed” quietly mutated into “check often,” and the second one is taxing your returns through a bias that fires on every red day.

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5
min read
InvestingJune 8, 2026

Second-level thinking: why being right about a stock isn’t enough

A sharp analysis of a great company feels like edge, but the price already knows what you know — the return lives only in the gap between consensus and reality.

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6
min read
InvestingJune 7, 2026

The paradox of skill: why beating the market got harder

Beating the market is hard, but not because markets grew perfectly efficient. It got harder because almost everyone trading against you got better, and when skill converges, luck decides more of the result.

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6
min read
InvestingJune 6, 2026

The capital cycle: why industries eat themselves

Great demand growth is the wrong thing to chase. Returns are set by the supply side, and high profits plant the seed of their own collapse.

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6
min read
InvestingJune 5, 2026

The twenty-year amnesia: why every generation rediscovers the same mania

It is tempting to think better data and tougher regulation have retired the old bubbles, but financial memory runs out at about the length of one career, and the same machinery comes back wearing a new name.

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6
min read
InvestingApril 2, 2026

Reading the safety rank before you buy

Leverage, liquidity and refinancing — the three balance-sheet signals that flag trouble early.

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4
min read

For Swiss investors

4 articles

Tax, currency, and the local quirks that change the math in Switzerland.

Deep dives

1 article

Close looks at specific names and situations.