Archive - Sangyoon's Corner: Fundamental Value

Bitcoin at $75,000: Reflecting On My Price Target 5 Years Ago

As I watch the Presidential election unfold tonight, I wanted to celebrate Bitcoin hitting $75,000 which was my original price target 5 years ago.

Nov 6, 2024 •

Daniel Sangyoon Kim

July 2024

Match Group (MTCH) - New Position

A strong network effect business and market leader priced for zero growth, down more than 80% from its peak, with Elliott Management taking an activist…

Jul 18, 2024 •

Daniel Sangyoon Kim

May 2024

A $54M EBITDA Business Trading at $4M Market Cap - KLDI

Case study on a very cheap stock today, and how to assess this deep value / restructuring opportunity

May 18, 2024 •

Daniel Sangyoon Kim

Thoughts on the Berkshire Hathaway 2024 Annual Meeting

What we can learn from Buffett's character

May 6, 2024 •

Daniel Sangyoon Kim

EigenLayer, Liquid Restaking, and Lessons from Value Investing

I want to talk about the risks of restaking and hyperfinancialization.

May 4, 2024 •

Daniel Sangyoon Kim

April 2024

Why Stocks Move

A decomposition of stock price movements that challenges the idea that "fundamentals don't matter", but rather, that fundamentals are all that matter

Apr 21, 2024 •

Daniel Sangyoon Kim

Ethereum Gas ELI5

A lot of people find gas confusing. Gwei, priority fee, burning, inflation... Let's understand it once and for all!

Apr 18, 2024 •

Daniel Sangyoon Kim

Thesis for Coinbase (COIN) Investment in Q4 2023

Sharing my thesis for COIN late last year, and why there is room for a further run-up

Apr 6, 2024 •

Daniel Sangyoon Kim

March 2024

The Consequences of Trading and Tax on Long Term Investment Gains

How taxes cause two investments earning the same rate of return to result in $1M vs $130M

Mar 8, 2024 •

Daniel Sangyoon Kim

February 2024

IRR is Meaningless: Accurately Comparing Private vs Public Fund Returns

The limitations of IRR and DPI for VC / PE funds, and why hedge funds have it much harder

Feb 10, 2024 •

Daniel Sangyoon Kim

November 2023

Why You Should Upgrade from Hardware Wallets to Multi-Signature to Secure Your Bitcoin

Storing crypto on an exchange or a hardware wallet is risky. Instead, you should use a multi-sig setup.

Nov 27, 2023 •

Daniel Sangyoon Kim

Observations on Value Fund Managers During Difficult Times

Where some of the greatest learnings can be

Nov 14, 2023 •

Daniel Sangyoon Kim

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