Lemon Cakes Investing

Home
Notes
Archive
About
Like Weeds In A Garden: The Zen Of Managing A Portfolio Without Managing A Portfolio
An emergent "strategy" of doing nothing --and why buybacks are not equivalent to dividends
 • 
RV
Portfolio review 2024, annual
********** UPDATE 20241231: Updated portfolio performance charts to include the final days of 2024. **********
 • 
RV
2
($PMD) Psychemedics Corp: Hair today, sold tomorrow
...well, eventually... probably. Quick idea to ride along a going-private bet-the-jockey investment.
 • 
RV
3
Most Popular
View all
($PMD) Psychemedics Corp: Hair today, sold tomorrow
 • RV
3
($FNV) Franco-Nevada Corporation: Gold royalty royalty in temporary turmoil
 • RV
2
($SLGD/$SLGDD) Scott's Liquid Gold / Horizon Kinetics LLC: Not every reverse merger that glitters is gold
 • RV
11
Lessons from Murray Stahl
 • RV
($GEO) Geo Group: Trump admin thriver, durable under Democrats
 • RV
($FRMO) FRMO Corp: The 2022 Crypto Winter and FRMO's vertically modular crypto conglomerate
 • RV
4
($GEO) Geo Group: Trump admin thriver, durable under Democrats
Quick idea commentary on an obvious Trump admin beneficiary that might not do too badly under a Democrat admin either
 • 
RV
Portfolio review 20240704, semi-annual
… The S&P Global index construction methodology buckets $1bn-$6.7bn as “smallcap” and $6.7bn-$18bn as “midcap” (see…
 • 
RV
($SLGD/$SLGDD) Scott's Liquid Gold / Horizon Kinetics LLC: Not every reverse merger that glitters is gold
Analyzing the spread between SLGD's current discount to the reverse merger's planned "IPO" price
 • 
RV
11
($FNV) Franco-Nevada Corporation: Gold royalty royalty in temporary turmoil
********** UPDATE 20240308: FNV just released their 2023Q4 numbers…
 • 
RV
2
Portfolio review 2023, annual
Commentary
 • 
RV
($MKTX) MarketAxess: Quick thoughts on HK's croupiers, sea change, and MarketAxess
Some random commentary on a beaten down, asset-light, "sea change" beneficiary
 • 
RV
($CRMZ) CreditRiskMonitor.com: Commentary
Niche, asset-light, economic anxiety beneficiary microcap set to inflect on continued deglobalization and tightening credit supply
 • 
RV
2
Lemon Cakes Investing
Lemon Cakes Investing
I’m nobody and I have nothing to sell. This substack functions as a diary of investment ideas/thoughts that I think are interesting and to track how my thoughts change over time. Obviously not investment advice. I have no formal finance education.

Lemon Cakes Investing

AboutArchiveSitemap
© 2025 Lemon Cakes Investing
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great culture