I read in the paper that the folks standing outside didn’t like the Christmas window display after all 
Maybe the display should be put inside instead, so that, IKEA-style, people would actually have to buy something rather than just trash the window.
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In my opinion, these trash streaming things are an extremely good example of how not quite everything should be allowed to be sold, even if someone would buy it. If an activity brings no good to anyone, it doesn’t need to be legal. The market doesn’t have to be free when it comes to things like this—just bring on the regulation!
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Unfortunately, I don’t remember who originally suggested @Petri_Gostowski as a guest for Salkkukatsaus (Portfolio Review), but at least most recently @Ituhippinen had wished that Petri would open up his portfolio publicly, so here it is! 
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Awesome, thanks @Petri_Gostowski and @Tomi_Valkeajarvi ! Something to enjoy after work
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My mouth is already watering waiting for the IPO of Masthead, the joint venture between Elisa and Sensofusion. 
The price tag is surely in the ballpark of a few billion.
I’m stubbornly holding onto the Nvidia shares I bought yesterday out of sheer spite, because selling would undoubtedly send the stock soaring into an effortless rally. I can just picture Nvidia frolicking like a foal in a spring pasture. But I’m too stubborn to sell, so expect sideways crawling ahead instead. I am sorry about this! 
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I finally got around to listening to the whole pod!
First of all, it’s great that I managed to spark Petri’s interest in reviewing and going through his portfolio! For an everyday retail investor, it’s truly rewarding to listen to someone who follows and analyzes the market/parts of it for a living explain why they do things a certain way.
I’d also like to highlight one trait I greatly appreciate in a person: when we met at the meetup, Petri never gave off that “I know how this works, what about the rest of you” attitude. Instead, he chatted with yours truly, among others, as an equal, which naturally feels really nice! Getting to talk with an expert who is (or at least put on a damn convincing act of being) genuinely interested in the other person’s rambling too is quite a rare treat these days, in pretty much any field. In the absolute prime of the me-me-me culture, Petri’s down-to-earth humanity made a really big impression on me.
His “boring” investment style also translated nicely in video form, and it’s nice to see that not all value investors are those dull, dry types, but rather youthful gym-goers who run a 10k at most… 
As a bonus, after the top five, there was Petri’s pick, Auroora, which I’ve also been following closely. It hasn’t made its way into my portfolio yet, but it piqued my interest again, and once the kid goes to bed, I think I’ll challenge myself with: why not?
On a lighter note to finish off, it was also nice bumping into Mr. Riikola last year. I just don’t remember anything from my chats with him (except for some Remedy banter), because I was solely focused on staring at the biggest biceps in Ruoholahti.
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I’ve been thinking about the number of holdings in my portfolio; as a retail investor, I haven’t diversified my portfolio nearly as well as recommended. In total, I have 14 holdings, consisting of 13 direct stocks and 1 fund. The fund accounts for less than a fifth of the total portfolio.
Why is this the case, then? Sometimes it’s good to ask yourself for some justification. A few reasons immediately come to mind:
- Brokerage fees. When buying with relatively small amounts, direct stock investments aren’t attractive with very small sums.
- Significance. If a holding is tiny, it feels kind of pointless if it happens to multiply, yet has no real monetary significance. The position needs to be large enough that a big drop stings and multiplying in value actually feels meaningful in terms of euros.
- Workload. If you want to keep up at least somewhat with what is happening in the companies, I personally don’t have the bandwidth to follow dozens of businesses. About half of these 13 companies are “coat-tailing,” meaning I didn’t discover them myself, but someone else (read: Warren Buffett) considered them good picks.
Additionally, it’s worth noting that the large share of Harvia (34% of the portfolio) reflects my style of letting winners run; Harvia going 9x (incl. dividends) shows, and should show, in my portfolio. There’s even a name for this psychological phenomenon (used in the context of investing mistakes), though I can’t recall what it was right now.
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Following up on the previous point, in every issue of Arvopaperi, professionals review an investor’s portfolio, analyze it, and go over its strengths and weaknesses. I don’t know if they are still accepting new portfolio submissions, but if you’re interested in getting a professional opinion, it could be a pretty good way to get feedback.
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That point 4 seems open to interpretation.
Character limit filler.
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Of the four main channels, MTV3 offers fluff (games for adults). TV1 offers cultural fluff (cultural games for adults), but…
TV2 offers police cadets and Nelonen offers police officers. Where are we heading?
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One more thing.
Do we really need a professor to tell us this? Switzerland has long been “compromised”, to say the least. Money talks.
**
Two of the three lawyers involved in the Court of Arbitration for Sport (CAS) Russia decision had attended a conference trip to Russia.**
Two of the three lawyers involved in the Court of Arbitration for Sport (CAS) Russia decision had attended a conference trip to Russia.
Good evening.
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Here is an article from SalkunRakentaja about how investment bank Oppenheimer has named Microsoft, Oracle, and SAP as the enterprise software sector’s AI winners.
The assessment is based on a survey of 449 enterprise IT decision-makers.
According to the survey, AI adoption continues to grow. However, the pace is shifting as companies move beyond experimentation to demand proof that these investments are paying off.
In a view published on Monday, November 9, the benefits are not spreading evenly across the entire software sector. Instead, they are concentrating among a small group of large platforms.
“We believe the survey results show that as enterprises transition from the experimentation phase to verifying returns, the growth rate of AI spending will decelerate in 2027,” the analysts wrote.
According to analysts, the responses challenge market expectations of a broad growth acceleration in the software sector next year. Investors may be underestimating how long it will take for companies to confirm the ROI of AI.
In September, Oppenheimer outlined a similar view, stating that AI is becoming a recurring operational expense for businesses. CFOs are comparing it to labor costs and demanding clear returns on investment.
https://www.salkunrakentaja.fi/2026/11/investointipankki-tekoalybuumi-voittajat/
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I have Masamoto and Aritsugu knives here. They were in daily work use for years. I swore that if anything bad happened to my Masamoto paring knife, I’d quit cooking 
The knife lasted for years, solid as a ROCK. I didn’t, and I switched fields for completely different reasons.
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This really is the strongest argument in favor of ETFs. Since the values of traditional mutual funds only update in trickles with a 1–3 day lag, you never get to brag about daily gains. And by the time those values finally update, the indexes for that day are down -5%, so you know that joy will evaporate shortly.
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Well then, has anyone here preloaded yet?
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In the end, this wasn’t good advice either. One can debate the model’s capabilities, but there’s only one way to interpret the market reaction.
Going forward, do we need to calculate how many extramarital affairs by a CEO it takes before a company goes bankrupt? And I wonder how many CEOs with skeletons in their closets will lose some sleep over the next few nights?
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