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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 84364 
Subject: Re: Non-US shares with management you trust
Date: 09/09/26 1:04 PM
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I would suggest looking into something that I've mentioned a couple of times here: Investor AB, based in Sweden. INVE-B.ST

Short capsule: the Wallenberg family own a lot of Scandinavia, from their start in the 1850s. Early in the last century they owned a bank that owned a stock portfolio, and that became against the rules, so the portfolio was spun off and listed: Investor AB is the result. They own some businesses outright, mostly close to home, and also have a (low turnover) stock portfolio which is a bit more international. They don't have operations in Russia.

Like Berkshire, they really do a nice job for the long haul. The founding family trusts their wealth to it, so it ends up being a thing that others can [probably] trust too. Long term results have been excellent. They are probably a tiny bit more fully valued at the moment than they were a few years ago.

There is a faint chance of a price drop next week because of the Swedish election, which could result in a government that likes some policies that are not obviously great for business. If there is a drop, and it's noticeable, I will be buying more. I own some, but not nearly as much as I'd like. My long term plan is to own only two or three individual stocks, and this is one of them.

This fellow has written a couple of nice primers about them. A year or two old, but still a great introduction.
outsiderscorner.com - Investor ab a well oiled dual growth
outsiderscorner.com - Investor ab part ii
...and some updates
outsiderscorner.com - Investor ab update
outsiderscorner.com - Investor ab update

First sentence from that last link:
Investor AB had a total return of 12,9% in 2025, which impressively was the 15th consecutive year they beat their index, surpassing another record...

Jim
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This community has written 562 posts about Non-US Stocks. The article-length ones it recommended most:
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Unite Group (UTG), UK, falling knife. · 13 recs · 2025
SKAN · 11 recs · 2025
MELI - Brazilian darling · 10 recs · 2025
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