The Dutch Investors

Episodet

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  #107 | What Happened to Dino Polska? 02.10.2026 14min

  Dino Polska (WSE: DNP) keeps opening supermarkets across Poland, but profit growth has slowed, and its shares have come under pressure. Has the investment thesis changed? Or has the market become too pessimistic? In this episode we revisit our original Dino Polska deep dive and compare our expectations with what happened. We cover the retailer’s business model, competition with Biedronka and Lidl, pressure on margins, and its approach to reinvesting for growth. We also revisit the valuation....
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  #106 | The Payments Industry | Industry Deep Dive 24.09.2026 28min

  In this deep dive, we break down the global payments industry from the ground up, moving past the surface-level metrics to examine the hidden framework that powers every digital and physical transaction. We explore why payments are a battleground of intense competition, structural moats, and evolving technology, helping investors separate true compounding businesses from value traps. Chapter 1: The Four Party Model Chapter 2: Point of Sale Chapter 3: Digital Wallets Chapt...
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  #105 | The beauty of Fairfax: Q&A with Asheef Lalani (Brown) 18.09.2026 1h 12min

  In this episode we'll get answers to some in-depth questions on Fairfax, often named the 'Canadian Berkshire Hathaway' due to its similar business model. Asheef Lalani, also known as BrownMarubozu, is a real Fairfax expert. He's been following the company closely for over six years and has been in close contact with some people working at the company. He'll help us uncover what makes Fairfax so special and why this might be an interesting investment. Asheef is a true Fairfax expert, and we hi...
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  #104 | Why Most CEOs Are Bad Investors 03.09.2026 20min

  What is the actual job of a CEO, and why do most leaders fail at the one thing that truly drives shareholder returns? In this episode, we break down the mechanics of capital allocation, look at the playbook used by history's greatest outsider CEOs, and examine why conventional business metrics often lead investors astray. Credits to William Thorndike and his excellent book: The Outsiders - Eight Unconventional CEOs and Their Radically Rational Blueprint for Success. Support the show Try our a...
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  #103 | 10 Rules for Marriage That Also Apply to Investing 20.08.2026 9min

  What do long-term public equity investing and a decades-long marriage actually have in common? More than you might think. In this special episode of The Dutch Investors, Siem te Hennepe reflects on tying the knot with his wife, Ariane, after ten years together. To mark the occasion, co-founders Bouke, Luuk, and Mathjis handed over a unique wedding gift: ten fundamental rules bridging the worlds of market discipline and lifelong partnership. Enjoy. Support the show Try our all-in-one investin...
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  #102 | Interview w/ Compound with René on Quality Investing, AI Workflows, and Market Psychology 06.08.2026 1h 18min

  We are joined by René, the creator behind Compound with René, live from Mallorca. Vacation or not, investing is his passion, and he thinks about it daily. We discuss the principles of finding quality companies, how artificial intelligence changes research, and the reality of navigating modern stock markets. You can find René's socials here: YoutubeXSubstackSupport the show Try our all-in-one investing terminal! Research. Track. Compound. Your complete fundamental toolkit. A new company ...
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  #101 | 7 Disney Quotes That Make You a Better Investor 01.08.2026 11min

  While doing a deep dive into The Walt Disney Company, we stumbled upon something unexpected: Disney characters have been dispensing timeless financial wisdom for decades. In this episode, we break down seven classic Disney lines and explore what they can teach us about market psychology, risk management, and the power of long-term compounding. It'll be a magical, somewhat nostalgic episode. 🌟 Support the show Try our all-in-one investing terminal! Research. Track. Compound. Your complete fund...
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  #100 | Perimeter Solutions (Free) Premium Deep Dive | w/ Joep Dikken from Tresor Capital 24.07.2026 53min

  The TDI-Terminal now comes with a monthly plan! Give it a try for just $19! Every year, millions of acres of forest burn across North America, threatening thousands of homes and costing billions of dollars in damage. The biggest challenge in stopping a megafire isn't a lack of brave firefighters or aircraft but that water alone evaporates almost instantly in extreme heat. Traditionally, when a wildfire breaks out, firefighting crews rely on dropping water or short-term suppressants directly...
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  #99 | 4 Invisible Competitive Advantages | Part 2 09.07.2026 18min

  Most investors chase after what’s visible—the numbers on the chart, the market share, the growth rate. But what if what truly matters is hidden? Secrets that even the wealthiest can’t buy, no matter how deep their pockets. Rare, uncopyable qualities that create impenetrable moats around the business castles of tomorrow. In part two of our deep dive into competitive advantages, we leave the easily measurable financial metrics behind to explore the four most elusive, bulletproof structures in t...
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  #98 | How strong is Shift4's competitive advantage? w/ Niklas from Heavy Moat Investments 02.07.2026 46min

  In this episode, Niklas and Bouke dive deep into Shift4's four segments. While the underlying business has performed remarkably well, Shift4's share price has declined by over 50%. What's going on here? Shift4 is a fintech company operating in the payments space. It provides end-to-end payment processing solutions, combining software, hardware, and payment gateway services into one platform. The company serves merchants in industries such as restaurants, hospitality, retail, and entertainment...
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  #97 | 4 Visible Competitive Advantages | Part 1 26.06.2026 19min

  🎁 Special Announcement: To celebrate Siem's upcoming wedding on July 1st, we are giving away 30 days of full, unrestricted access to the TDI Terminal completely free. No credit card required! Head over to thedutchinvestors.com to claim your access. If you want to drop us a wedding gift, please leave a 5-star review on your favorite podcast app! Every investor has heard the word moat, but how do you separate a genuine corporate stronghold from a company that just had a few lucky quarters? In p...
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  #96 | TransMedics (Free) Premium Deep Dive | w/ Joep Dikken from Tresor Capital 18.06.2026 1h 8min

  There are roughly 100,000 people on organ transplant waiting lists in the United States right now. About 20 of them die every single day. Not because there aren't enough willing donors but because of how we transport and preserve organs. Traditionally, when a donor organ becomes available, it gets put on ice in a cooler and rushed to the recipient hospital. Ice. Like your groceries. And the problem is that this method called static cold storage gives surgeons very little time. A donated heart...
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  #95 | Interview w/ Teqnion CXO Daniel Zhang | Inside the Serial Acquirer Playbook 11.06.2026 1h 11min

  What does it actually look like to run a highly decentralized, fast-growing group of niche businesses? In this episode, we sat down with Daniel Zhang, the CXO of Swedish serial acquirer Teqnion. Moving past the typical, surface-level investor questions, this conversation dives straight into the gritty realities of capital allocation, operational mistakes, and the heavy weight of managing public market expectations. Daniel pulls back the curtain on how Teqnion thinks and operates. Support the ...
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  #94 | Tesla Deep Dive | Full Self-Driving, Half the Story 21.05.2026 23min

  Tesla in 2026 is in the middle of an identity crisis. Margins are compressing, the car business is shrinking, and Elon Musk is pivoting the whole story toward AI, robots, and full self-driving. We trace TSLA from the Roadster gamble to today's $1.6 trillion bet on optionality and what has to go right from here. Support the show Try our all-in-one investing terminal! Research. Track. Compound. Your complete fundamental toolkit. A new company deep dive every 14 days!Professional investing tools...
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  #93 | Texas Roadhouse Deep Dive | High Steaks and Sizzling Margins 14.05.2026 23min

  In this episode of the TDI Podcast, we are doing a deep dive into a company that breaks almost every rule taught in business school: Texas Roadhouse. How does a restaurant become one of the greatest success stories in casual dining when it refuses to serve lunch during the week, does zero national TV advertising, and requires managers to put up $25,000 before they even start? We explore the inspiring, unconventional journey of founder Kent Taylor, the unique culture that drives their customer...
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  #92 | 3 Mental models for investors 07.05.2026 24min

  Welcome back to The Dutch Investors Podcast. If you enjoyed Part 1, you’re going to love this one. In Part 2, we’re diving deeper into the mental models that can reshape how you think. How you think matters more than you think. These aren’t just “nice to know” concepts—they’re powerful tools. They’ll help you make smarter bets and avoid traps most investors fall into. If you get value from this episode, please share it with a fellow investor and leave a 5-star review. It’s the best way to su...
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  #91 | Porsche AG Deep Dive | 911 Problems but the Story Ain't One 30.04.2026 22min

  Porsche, once the undisputed profit engine of the automotive world, is facing its most serious challenge yet. Following a staggering 92.7% collapse in operating profit, the brand is navigating what analysts call its Nokia Moment, a struggle to reconcile mechanical excellence with a rapidly evolving EV market. In this deep dive, we explore the turbulent history of the silver crest, from its controversial origins and the revolution of the 1990s to the financial derivatives of 2008. We analyze t...
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  #90 | Serial Acquirers, The Long View & Nordic Compounders | Interview w/ Joel Sherwood 23.04.2026 1h 8min

  Welcome back to The Dutch Investors podcast. In this episode, we sit down with Joel Sherwood, an American investor who has lived in Sweden for over 20 years. Joel documents his journey on Substack through the Sherwood Investment Letter, focusing heavily on the Nordic markets. We dive deep into the playbook of serial acquirers; businesses whose entire model is based on buying other niche companies and letting the capital compound. Joel unpacks why the Nordic region has become such a hotbed for...
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  #89 | Chipotle Mexican Grill Deep Dive | A Recipe for Success or Disaster? 16.04.2026 19min

  In episode #91, we dive into the business behind the burrito: Chipotle Mexican Grill (NYSE: CMG). We explore how a fine-dining chef accidentally created the fast-casual restaurant category and built a global empire. This deep dive breaks down Chipotle's "Food With Integrity" model, its store-level economics, and the mechanics of the famous burrito flywheel. We also examine the risks of the food industry, looking at the low barriers to entry, limits on pricing power, and what the current sto...
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  #88 | Amazon Deep Dive | Inside The Everything Store Flywheel 09.04.2026 21min

  If you think Amazon is just an online retailer, think again. From dismantling physical friction with the internet to building an infrastructure that makes everything from cloud computing to logistics look effortless, Amazon’s true power lies in its hidden, interconnected engine. Jeff Bezos’s long-term vision transformed the world’s shopping habits, but what’s next? How does Amazon defend its dominance, and what vulnerabilities could threaten its empire? Support the show Try our all-in-one inv...