Inderes Coffee Room (Part 11)

My wife works in assisted living (tehostettu palveluasuminen), and there too, a large (the largest?) share are from the Philippines, etc. From her, I’ve gotten the impression that they mostly work hard, whereas Finnish nurses tend to hang out more in the break room. But of course, everyone is an individual. Still, a good impression overall of Filipino nurses.

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We’ve now been to Nordkapp and the Lakselv area.
In the spring, we visited the Lyngby (Lyngen) and Alta regions.

Camping areas cost 25–50€. There are many wide parking spots in the areas where you can stay overnight under the everyman’s right (jokamiehen oikeus).
If you bother to dig into the internet a bit, you can find even quieter spots.

We’ve been staying every other night out in the wild (puskassa) and every other night at a camping site.

With a rental car. Considering buying our own someday.

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Once we flew to Oslo, rented a car for a good week, and toured Southern Norway. At one accommodation somewhere near Jotunheimen, they were really puzzled. Finns? They almost never get Finns there. People from the rest of Europe visit a lot, but not from Finland. We explained that Finns travel to Northern Norway a lot, but apparently hardly at all down south. And of course, it’s easier to get to Northern Norway from Finland than to the south.

But people in Finland probably think that in Norway, much like in Finland, the most majestic scenery is in the north. Norway is a stunning region all over, but I’d say that, contrary to what Finns usually imagine, Norway’s most majestic areas are actually down south.

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That electric Ferrari could become a real collector’s item, provided of course that someone actually buys one…

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I tried looking at the most popular threads, and the top list wasn’t very surprising. :smiley: Nokia is number one, Optomed is second, and Faron was third. Then, far behind the top three came the “Bought/Sold” thread (Ostin/myin-ketju), followed closely in a row by Canatu, Manta, and Nexstim. After these, trailing far behind once again, came Remedy.

The Coffee Room (Kahvihuone) and the Stock Price Horror thread (Kurssien kauhisteluketju) are also often among the most popular. Among political threads, really only the Russia thread sometimes rises to the most popular threads, and other similar ones lag way behind, though on the other hand, they have their own small, very active group of readers and writers. Then, if a company has a ton of things happening and in the news, those also rise to the top in popularity, like Qt every now and then, etc. Well… and from time to time, the Stock Exchange thread (Pörssiketju) and also the Meme thread (Meemiketju) are of course popular. :smiley:

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That’s why people head up north—for the ease of travel.

The dream would be to own a camper van or motorhome someday and travel through Norway from south to north.
A trip like that takes a lot of time.
Even in Northern Norway, a week is hardly enough for anything.
If you want to see a lot at once, the days just go into driving.

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Which are the least popular company threads on the forum? You might just find the best long-term picks among these :grinning_face_with_smiling_eyes:

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This works so ridiculously well, so I guess it’s time to buy AI stocks.

And on top of that, Citadel has been trying (again) to talk the stock down so they can buy back in. No one should believe a single thing that comes out of Citadel/Griffin’s mouth — he’s probably the most shameless guy on the planet when it comes to taking other people’s money.

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The cancer of our time, shrinkflation, is this time being practiced by Saarioinen.


This is a singularly shitty phenomenon. There should be more penny-pinching price-per-kilo starers like me to put a stop to this phenomenon.

Gradually reducing package sizes in food products is not only deceiving the consumer, but it is also harmful to the environment, because the relative size of the packaging compared to the food increases.

Edit. Let’s add another one.

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Now we are getting to the heart of the matter. Staring at price-per-kilo figures has definitely increased, at least for me, ever since 400g and 1kg packages were replaced by these 270g, 280g, and 1.35kg weights.

Another thing I’ve started neurotically monitoring is the amount of sugar (or in other products, the non-main ingredient). If lingonberry jam has 75% sugar and a price per kilo of 7 euros vs. 40% sugar and a price per kilo of 12€, it makes comparing even one degree more difficult. Meat content in a chicken package vs. 90% meat content in sausage, tomatoes in ketchup, etc.

You certainly end up spending time on it. Whether you save a single euro or whether the world is saved by our actions is another matter entirely.

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By far the best jams (after homemade ones, of course) come from Lidl. They have jams with 70% berries, and if I remember correctly, the price per kilo is around 6-7 euros. At Prisma, no matter how high the price per kilo goes, the berry content remains at 35-45%, only the logos on the packaging just get fancier.

Today’s money-saving tip: go swipe some chokeberry (aronia) from someone’s hedge and boil it into jam. The woody texture of the aronia disappears in the jam, leaving behind a rich, berry-filled preserve.

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Now that the frugality discussion has started up again, my time has come to talk about plastic bags once more. If you ever visit Vesa Keskinen’s village store (kyläkauppa) in Tuuri, it’s worth buying—not food, not clothes, and not any other household goods—just plastic bags. Because they still sell actual, real plastic bags there. The kind they have always been. Plastic bags.

These S-market “plastic bags” are the kind that fall apart either while carrying groceries home or at the very latest when taking out the trash. They have a maximum of one or two uses. The green movement has stripped away all the material that makes a plastic bag a plastic bag. And this piece of junk costs €0.6 each. I’ve been using Keskinen’s real plastic bags for a couple of months now, the exact same ones on every grocery trip.

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If I may cautiously open Pandora’s box and piss everyone off at the same time.

Let’s start with Sampo, for instance: “Boring is good”.
Then we have Warren Buffett, who says that most investors should invest in low-cost ETFs.

If you still feel compelled to do stock picking, though, what kind of stocks should you pick? The world’s most famous and best investor says, among other things:
Circle of Competence: Only buy what you understand well. Stick to familiar industries.
Quality and Management: Pick companies with low debt, steady earnings, high return on equity, and honest leaders.

Then, what interests Inderes users:

Nokia. Inderes says SELL. Over a hundred stocks on the list, and Nokia has the 5th worst ratio of share price to target price.

Optomed. The company has never made a profit, and in Inderes’ forecasts, it won’t even make one during the forecast period up to 2029.

Faron. Market cap of 100 MEUR, revenue literally 0.

Canatu. Market cap of 220 MEUR, has never made a positive result.

Mandatum. Dividend, never mind.

Nexstim. Market cap of 70 MEUR and the best financial year result ever 1.3 MEUR four years ago.

Remedy. Four years in a row of loss-making results, but I’m sure it’ll work out.

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Optomed? So are people still investing in that even in 2026, or how far into the future did you look at the “most popular” statistics? :innocent:

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This certainly leads us to a very interesting and surely also awkward discussion.

Let’s think about a new investor. They hear from a friend about the Inderes forum, where the “money makers” live. They come to the site, browse and read around, and familiarize themselves with the posts, perhaps having read Saario’s book beforehand. Front and center are these Canatuses, Optomeds, Remedys, (formerly) Hyzons, and others. They invest in them, and half a year later, the portfolio shows -30%. This was supposed to be profitable, thinks the beginner investor, closes the forum, and never returns.

There are of course other possibilities, but I don’t really feel that the aforementioned example brings benefits to Inderes’ business, let alone to popular capitalism in the long run. In the short term, of course, the analyses will get readers, paying customers get investors, and someone might even buy a premium subscription. Especially since social media nowadays is full of “gurus” whose supposedly simple advice on long-term investing and good old compound interest lets you get off easier, cheaper, and often with the same returns (even the best stock pickers beat the index only sometimes).

On the forum, this in turn leads to various quite quirky assurances, paint-the-rosy-picture narratives, and hyping. Apparently, someone still believes in these, or else people have a huge amount of disposable cash that they dare to play with however they like. Or perhaps the goal is to trick those new readers I mentioned at the beginning. In any case, my own reading of the forum nowadays has shrunk to these more generic threads, which are still quite okay pastime; you can get better and more reliable information about companies, let alone investment cases, from artificial intelligence nowadays.

So let everyone continue to make their own analysis of companies and base their investment decisions on that, not on forum hullabaloo.

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AI, Data centers, and Europe. At the forefront of competition? :rofl:

image

https://x.com/eurofounder/status/2091944123838108152/video/1

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When it comes to Tecnotree’s share price, we are still down -80% from those peaks, so in this case, the critics were completely right. Since then, among other things, shareholders’ money has been lost in Nigeria (literally), an empty warehouse was bought in India for millions, and management has been rewarded with exceptionally generous packages by Finnish standards.

Every company’s thread naturally has its own fanboys no matter how the business is doing, which you can see in threads like Nokia’s, Faron’s, and Optomed’s and those who actively post in them, but you really can’t play the martyr when it comes to Tecnotree, seeing as the worst doubts about the company were proven true.

Tecnotree has been an excellent example for novice investors that an investor must be careful where they put their money and not believe that Finnish law or stock market regulators provide any real protection against operational management.

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Admittedly, there is a lot of what I call “Faronism” or “Hyzonism” on the forum, meaning small (but closely followed) cults around highly speculative companies.

It makes complete sense: you can endlessly banter about these and dive into all sorts of fantasy worlds. Investing escapism at its finest, when you always have to explain things to yourself in the best possible light. It beats Netflix, too.

Companies like Sampo actually deliver, and the discussion about the insurance industry proceeds at a calmer pace as the sector slowly evolves and you don’t have to talk red into black in terms of the numbers.

However, there are hundreds of threads on the forum. Plenty of interesting names and highlights that I, at least, would never in a million years have stumbled upon without the groundwork done by numerous writers that the rest of us get to enjoy.

If a new investor immediately falls under the spell of the Hyzonists, it’s unfortunate, but it’s part of investing. I suppose every single one of us thinks they’ve found some unique, shiny target, only for the supposed nugget of gold in our hands to turn out to be a turd of Voxtur, Intellego, or perhaps Elliptic. :smiley:

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It ain’t over till it’s over!

Well yeah, that story is definitely over. :smiley:

(Maybe enough time has passed that it’s safe to joke about it a bit better)

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I’ve lost enough hard cash in this that I dare to join the jokers. I’m well aware I’m laughing at myself.

According to rumors coming from Canada, Gary is setting up an AI company called BRAINEXTREME (AIVOXTUR). SaaS is already forgotten and the bankruptcy was just a minor hiccup along the way. I’m waiting with bated breath for the new thread to open and I promise to invest at least a hundred bucks in the new up-and-comer.

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