The Dutch Investors
Episodes
#86 | Booking Holdings Deep Dive | The World's Best Online Travel Agency?
26 Mar 2026
Contributed by Lukas
Most companies struggle to stay afloat in the hyper-competitive and efficient world of online travel, but Booking Holdings ain't one of them. Fr...
#85 | Amazon's 3 Pillars of Success
18 Mar 2026
Contributed by Lukas
In 1994, Jeff Bezos saw a number that changed everything: the web was growing at 2,300% per year. He walked away from a high-paying Wall Street career...
#84 | What Darwin taught us about Investing
11 Mar 2026
Contributed by Lukas
In this episode of The Dutch Investors, we challenge the traditional obsession with beating the market and finding the next hottest stock. Instead of ...
Discover 4 Quality Stocks w/ Joep Dikken from Tresor Capital
07 Mar 2026
Contributed by Lukas
In this episode of The Dutch Investors, we sit down with Joep Dikken from Tresor Capital to pitch and break down 4 high-quality stocks we both like. ...
Will Duolingo get disrupted? The rise and fall of the green owl w/ Secret Sauce Investing
26 Feb 2026
Contributed by Lukas
In this conversation, The Dutch Investors and Sonny from Secret Sauce Investing delve into the rise and current state of Duolingo, exploring its busin...
#81 | Lessons on what never changes | Same as Ever - Ep. 5
18 Feb 2026
Contributed by Lukas
Ever feel like the world is changing so fast it’s impossible to keep up? In this final episode of our series on Morgan Housel’s Same As Ever, we s...
#80 | Lessons from history on things that never change | Same as Ever - Ep. 4
11 Feb 2026
Contributed by Lukas
In this episode, we continue our deep dive into Morgan Housel’s Same As Ever. Instead of trying to guess what the stock market will do next week, we...
#79 | How to Use AI as a Long-Term Investing Tool w/ Compound with AI
03 Feb 2026
Contributed by Lukas
In this episode, Mostapha from Compound With AI shares his insights on leveraging artificial intelligence for investing. We discuss his journey from b...
#78 | Is PayPal the Ultimate Value Play or Value Trap? w/ Type-F Capital
28 Jan 2026
Contributed by Lukas
PayPal has fallen over 80% from its all-time highs, and the market is pricing it like a business in a permanent state of decline. We wanted to find ou...
#77 | Lessons from history on things that never change | Same as Ever - Ep. 3
21 Jan 2026
Contributed by Lukas
In this episode, we’re looking at why more isn't always better and why the most important changes usually happen when things are falling apart....
#76 | Lessons from history on things that never change | Same as Ever - Ep. 2
14 Jan 2026
Contributed by Lukas
What still holds true, no matter how much the world changes? That is the question we are all left with.Instead of guessing what comes next, this episo...
#75 | 4 Quality Stocks to Start 2026 w/ Margin of Sanity
07 Jan 2026
Contributed by Lukas
In today’s episode, I’m joined by Peter from the Margin of Sanity podcast and Substack. We kick off 2026 by pitching two of our favorite high-conv...
#74 | Investing Lessons from Analyzing 34 Companies | Deep Dives 2025 Recap | Part 3
31 Dec 2025
Contributed by Lukas
One year. 34 companies. A handful of lessons every investor should internalize. This episode extracts the recurring themes and investing lessons that ...
What 1600 hours of Deep Dives in 2025 taught us | Investing Lessons | Part 2
28 Dec 2025
Contributed by Lukas
In Part 2 of our 2025 recap, we dig deeper into the invisible mechanics that separate good businesses from great investments. We explore why so-called...
#71 | Cellebrite Deep Dive | Unlocking the truth in digital investigations w/ Heavy Moat Investments
26 Dec 2025
Contributed by Lukas
Is your phone ever truly locked? Today, we step into the secretive world of digital forensics to analyze Cellebrite ($CLBT), the Israeli company that ...
Investing Lessons from 34 Stock Deep Dives | What 1600 hours of research taught us | 2025 Recap | Part 1
24 Dec 2025
Contributed by Lukas
Since starting The Dutch Investors, we’ve completed over 70 deep dives. But 2025 was different. We spent 1,600 hours analyzing 34 specific companies...
#70 | Thoughts on Nintendo | The Switch 2, Pokémon & the Power of IP w/ Secret Sauce Investing
19 Dec 2025
Contributed by Lukas
Follow Secret Sauce Investing on SubstackNintendo is one of those companies everyone knows.In this episode, we take a look at what’s driving Nintend...
#69 | The Rise of China | Interview w/ John Lin
18 Dec 2025
Contributed by Lukas
Due to problems with the RSS feed, this episode was re-uploaded.Follow John Lin on LinkedInIn this conversation, John Lin shares his insights on the r...
#68 | 5 lessons from history on things that never change | Same as Ever - Ep. 1
18 Dec 2025
Contributed by Lukas
Due to issues with the RSS feed, we re-uploaded our episode.In #68 – Things that never change | Same as Ever, Ep. 1, we start a short series based o...
#69 | The Rise of China | Interview w/ John Lin
10 Dec 2025
Contributed by Lukas
In this conversation, John Lin shares his insights on the rise of Chinese e-commerce and its impact on global markets. He discusses his background in ...
#68 | 5 lessons from history on things that never change | Same as Ever - Ep. 1
03 Dec 2025
Contributed by Lukas
In #68 – Things that never change | Same as Ever, Ep. 1, we start a short series based on one question: what still holds true, no matter how much th...
#67 | Lessons from the Wright Brothers | Patience, progress & the compounding of conviction
27 Nov 2025
Contributed by Lukas
Imagine inventing something that changes the world, and no one notices. A story of failure, patience, and conviction.This episode unpacks one of histo...
#66 | Lesson from Charlie Munger and Warren Buffett on value investing | Superinvestors Ep. 1
19 Nov 2025
Contributed by Lukas
In this first episode of our Lessons from the Superinvestors series, we explore how Warren Buffett and Charlie Munger think about (value) investing.We...
#65 | Liquor, Ladies & Leverage | The three L’s that ruin great men
12 Nov 2025
Contributed by Lukas
It’s one of Charlie Munger’s most famous warnings, and for good reason.In this episode, we talk about the three temptations that have destroyed mo...
#64 | Alphabet Deep Dive | Other bets & Valuation w/ Secret Sauce Investing | Part 2
08 Nov 2025
Contributed by Lukas
In this second half of our conversation with Sonny from Secret Sauce Investing, we wrap up our 90-minute deep dive into Alphabet by tackling the parts...
#63 | Alphabet Deep Dive | Will AI destroy Google’s search empire? w/ Secret Sauce Investing
05 Nov 2025
Contributed by Lukas
Google helped spark the modern AI revolution. Yet today, many believe it’s been overtaken by younger, scrappier rivals. How did the original AI pion...
#62 | Interview w/ Nedap CEO Ruben Wegman | The end of an era
29 Oct 2025
Contributed by Lukas
After 16 years leading Nedap, CEO Ruben Wegman is preparing to step aside out of necessity. Diagnosed with Parkinson’s disease in 2018, Ruben has de...
#61 | 3 Lessons from Prosus and Tencent | The art of capital allocation
23 Oct 2025
Contributed by Lukas
Prosus is one of the most misunderstood companies in Europe, a Dutch holding giant whose fortune is tied to Tencent, one of China’s most powerful te...
#60 | Adyen Deep Dive | Who will win in payments? | By TDI-founders Bouke and Mathijs
16 Oct 2025
Contributed by Lukas
Become a TDI-member!Use code: GIFT50 on checkout for 50% discount (for life!)--Adyen has delivered a 14% CAGR since going public in 2019. Operating in...
#59 | Cake Box Deep Dive w/ Paul Zbikowski | Sweet economics
09 Oct 2025
Contributed by Lukas
In this episode, we sit down with Paul Zbikowski (Bebop Value) to talk about Cake Box, the UK-based, egg-free celebration cake franchise that’s buil...
#58 | From caveman to capitalism | An (im)perfect system
02 Oct 2025
Contributed by Lukas
In this episode, we zoom out and look at the big picture, from cavemen rubbing stones together to the global web of technology that lets you play Fort...
#57 | Palantir decoded | AI king or selling smoke? w/ Type-F Capital
25 Sep 2025
Contributed by Lukas
In this episode, we dive deep into the world of Palantir, with Palantir expert Emir, from Type-F Capital. We explore what sets this data analytics spe...
#56 | New rules of competitive advantages and competition | Moats & Marathons w/ Jeffrey Towson
18 Sep 2025
Contributed by Lukas
Join us for a fascinating conversation with Jeffrey Towson. He's a leading expert on competitive advantages and digital business, and he's h...
#55 | Inside Adyen's HQ | About its moat, culture and competition | An interview w/ Tarik Manfrinato and Maggie O'Donnell
11 Sep 2025
Contributed by Lukas
After going to Adyen's annual shareholder meetings for years, our analyst Bouke got invited to visit the HQ in Amsterdam, look around, talk to em...
#54 | Serial acquirers & holding companies w/ Michael Gielkens
04 Sep 2025
Contributed by Lukas
We couldn’t avoid it any longer. Michael Gielkens, co-founder of Tresor Capital, is one of the most requested guests, thanks to his long-term and do...
#53 | The AI-bubble 🫧
28 Aug 2025
Contributed by Lukas
We just finished watching an outstanding piece from Dutch television on the global AI race and how it might play out, according to economist Andy Xie....
#52 | Bear, base & bull case for global spirits | Uncorked w/ Secret Sauce Investing
21 Aug 2025
Contributed by Lukas
In this episode of The Dutch Investors Podcast, we welcome back Sonny from Secret Sauce Investing to unpack the turbulence shaking the global spirits ...
#51 | Value investing in the digital age, earnings power & tech moats | Interview w/ Adam Seessel
14 Aug 2025
Contributed by Lukas
In this episode, we sit down with Adam Seessel, author of Where the Money Is and Founder and Managing Member, Gravity Capital Management, to unpack ho...
#50 | LVMH Deep Dive | True luxury or premium? w/ Secret Sauce Investing
11 Aug 2025
Contributed by Lukas
As many of our TDI members know by now, Siem has a soft spot for luxury businesses. Not necessarily because of the value they add to society (that’s...
#49 | The shared playbook of LVMH and Constellation Software
07 Aug 2025
Contributed by Lukas
At first glance, LVMH and Constellation Software couldn’t be more different, one sells champagne and handbags, the other sells municipal tax softwar...
#48 | Quality investing, optionality and conviction | Interview w/ Ryan Henderson
31 Jul 2025
Contributed by Lukas
In this episode, we sat down with Ryan Henderson; investor, podcaster, and Head of Research at FinChat. Many of you might know him from Chit Chat Stoc...
#47 | Strategic mediocrity, owner mindset & conviction | Interview w/ Dan Shuart from Eagle Point Capital
24 Jul 2025
Contributed by Lukas
What does it take to be a great investor?In this episode, we sit down with Dan Shuart, founder of Eagle Point Capital, to explore a refreshing and gro...
#46 | 6 lessons from 6 companies we analyzed | From toxic waste to billion dollar companies
17 Jul 2025
Contributed by Lukas
From luxury giants to toxic waste monopolies, this episode unpacks what we learned from analyzing six radically different businesses:LVMHMo-BrukGames ...
#45 | The multibagger playbook | Interview w/ 100-bagger hunting | Part 2
10 Jul 2025
Contributed by Lukas
In Part 2 of our conversation with Kevin Schoovaerts, founder of 100-Bagger Hunting, we go beyond mindset and conviction, and straight into the system...
#44 | The soldiers who didn't shoot | A story of war, humanity, and the cost of pessimism
06 Jul 2025
Contributed by Lukas
Sometimes, the most powerful investing lessons don’t come from balance sheets or business books, they come from unexpected places.It’s a story abo...
#43 | The art of finding multibaggers | Interview w/ 100-bagger hunting | Part 1
03 Jul 2025
Contributed by Lukas
In this first part of our conversation with Kevin Schoovaerts, the founder of 100-Bagger Hunting, we uncover the mindset and methods behind identifyin...
#42 | Investing in Asian equities and markets | Interview w/ The Asia Economist
26 Jun 2025
Contributed by Lukas
In this episode, we sit down with Michael Spencer, founder of Temple Street Advisors and the voice behind The Asia Economist. Michael has lived in Sin...
#41 | Mental models every investor should know | Causation vs Correlation | Part 3
19 Jun 2025
Contributed by Lukas
Every time the church bells ring, a dog barks. Coincidence? Maybe. Or maybe there's something else going on entirely.In this episode, we explore ...
#40 | 3 Mental models for investors
12 Jun 2025
Contributed by Lukas
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 m...
#39 | Quality investing, moats and valuation | Interview w/ Niklas from Heavy Moat Investments
05 Jun 2025
Contributed by Lukas
In this episode, we're joined by Niklas, the mind behind Heavy Moat Investments. A self-taught investor and software developer from Southern Germ...
#38 | The story of Chipotle Mexican Grill | What can we learn from its success and failures?
01 Jun 2025
Contributed by Lukas
In this episode of The Dutch Investors, we dive into the spicy rise (and near fall) of Chipotle Mexican Grill. What started as one chef’s side hustl...
#37 | Fever-Tree Deep Dive | Built to be bought w/ Secret Sauce Investing
29 May 2025
Contributed by Lukas
In this episode, we sit down with Sonny from Secret Sauce Investing, a drinks' industry insider and longtime investor, to dive deep into the stor...
#36 | Thoughts on Trump, trade wars, tariffs, and trust | Are we repeating history?
26 May 2025
Contributed by Lukas
“Trust is the operating system. Break that, and everything on top becomes fragile.” This episode is different, and perhaps (read hopefully) the l...
#35 | Polish companies, strategies and future | Interview w/ Kamil the head of IR at Budimex
22 May 2025
Contributed by Lukas
In this insightful conversation with Kamil Sochanek, the Head of Investor Relations at Budimex, Poland’s largest infrastructure company, we dive int...
#34 | The highest AUV restaurant you've never heard of w/ Brett Schafer | Portillo's Deep Dive
15 May 2025
Contributed by Lukas
Portillo’s is a small, Chicago-based restaurant chain with fewer than 100 locations, yet it generates more revenue per restaurant than Chipotle, Chi...
#33 | 5 Mental models for investors
08 May 2025
Contributed by Lukas
In this episode, we're diving into something that might just change the way you see the world, mental models. But don’t worry, this isn’t a l...
#32 | 5 Universal laws applied to investing | Part 2
01 May 2025
Contributed by Lukas
Some ideas get tested by time and just keep proving themselves right. Others seem like solutions but quietly create even bigger problems. And sometime...
#31 | Interview w/ Braden Dennis the founder and CEO of Finchat on entrepreneurship, investing and software
24 Apr 2025
Contributed by Lukas
In this episode, we sat down with someone many of you already know, and if you don’t, you're about to meet one of the most passionate voices in...
#30 | AI, SaaS, and scaling from Poland | A conversation w/ the head of IR at Text S.A.
17 Apr 2025
Contributed by Lukas
A conversation with Marcin Droba, Head of Investor Relations at Polish software company Text S.A. We talk about the company’s evolution from live ch...
#29 | A nerdy UK compounder with software-like margins | w/ Secret Sauce Investing | Free Games Workshop Fundamental Analysis
10 Apr 2025
Contributed by Lukas
What makes a company truly unique? Is it the product, the business model, or the way it captures its customers? Games Workshop might just be one of th...
#28 | Why Heico will become a 1000-bagger stock
03 Apr 2025
Contributed by Lukas
A quiet compounder with 86,000% returns since 1990? Heico is one of the most remarkable compounders of our time, yet it 'flies' under the ra...
#27 | Buffett and Munger Unscripted | Interview w/ author Alex Morris on investing and timeless lessons
27 Mar 2025
Contributed by Lukas
Today’s episode is a real treat. We sit down with Alex Morris, the founder of TSOH Investment Research and the author of Buffett and Munger Unscript...
#26 | Investing is a game of contradictions
23 Mar 2025
Contributed by Lukas
What if I told you that in investing, black-and-white thinking is your biggest enemy? That the market can be overpriced… and still keep going up. Th...
#25 | What a century old Artic expedition and investing have in common
18 Mar 2025
Contributed by Lukas
Imagine battling brutal cold, starvation, 1000s of miles from home, facing the unknown. Over 100 years ago, two teams set out on a treacherous journey...
#24 | A company more exclusive than Hermès and Ferrari | The world’s most exclusive business
13 Mar 2025
Contributed by Lukas
Luxury handbags and supercars are exclusive, but nothing compares to this ultra-luxury business. In this episode, we dive into The Italian Sea Group, ...
#23 | A 170-year-old French compounder | w/ Heavy Moat Investments | Robertet Deep Dive
06 Mar 2025
Contributed by Lukas
In this episode, we teamed up with Heavy Moat Investments to dive deep into one of the most intriguing and unfamiliar companies in the stock market. ...
#22 | How Greggs took over Britain | One sausage roll at a time
27 Feb 2025
Contributed by Lukas
Greggs went from a small-town bakery in Newcastle to a Britisch cultural icon, selling millions of sausage rolls a week and even outselling Starbucks ...
#21 | What's going on with Celsius stock? | The good, the bad and the $1.8 billion question
22 Feb 2025
Contributed by Lukas
Celsius stock has been on a rollercoaster. It’s down 65% from its peak, but also up nearly 60% since February. What’s going on? In this episode, w...
#20 | 5 Universal laws applied to investing | Part 1
20 Feb 2025
Contributed by Lukas
Why do people keep falling for the same investing scams? Why do some companies seem unstoppable while others fade into history? And why does bad advic...
#19 | Teqnion’s earnings disaster | A buying opportunity or a red flag?
18 Feb 2025
Contributed by Lukas
Teqnion just released it's Q4 FY2024 earnings. A quarter so bad, even their own CEO gave it an F. The Swedish serial acquirer, saw its EBITA coll...
#18 | Airbnb vs Booking Holdings | Which company is better?
13 Feb 2025
Contributed by Lukas
Hotels or home rentals? The travel industry has two giants fighting for dominance: Booking Holdings and Airbnb. One is the king of hotel bookings, the...
#17 | Why most investors underperform | Pareto's law, deal flow and finding the 4%
06 Feb 2025
Contributed by Lukas
Most investors don’t underperform because they’re bad at research or don’t work hard enough, it’s because they’re looking in the wrong place...
#16 | Understanding moats | What they are, why they matter and how to spot them
30 Jan 2025
Contributed by Lukas
Some businesses seem untouchable. No matter what the market throws at them, they keep growing, keep making money, and keep leaving competitors in the ...
#15 | The Warren Buffett playbook | The story, secrets and lessons
23 Jan 2025
Contributed by Lukas
This episode is dedicated to Warren Buffett. In this episode, we take a closer look at The Warren Buffett Playbook. A tribute to the man behind the ti...
#14 | Dino Polska | Fundamental Analysis
16 Jan 2025
Contributed by Lukas
When we think of supermarkets, we often associate them with: 1) low margins, 2) boring businesses, and 3) little to no growth potential. And while thi...
#13 | Why ‘Top 10 stocks for 2025’ lists are a total scam
09 Jan 2025
Contributed by Lukas
It’s that time of year again, when the internet floods with flashy headlines like “Top 5 Stocks to Buy in 2025” or “10 Stocks That Will 10x Ne...
#12 | From bankruptcy to billions | How Monster Beverage became the best performing stock in 30 years
02 Jan 2025
Contributed by Lukas
Monster Beverage went from a bankrupt juice company into the best-performing stock over the last three decades through unorthodox branding, aggressive...
#11 | 33 Investing lessons from 33 companies we researched | 2024 in review
28 Dec 2024
Contributed by Lukas
As 2024 comes to a close, we take a moment to reflect on an incredible year of deep dives and discoveries. In this special finale episode, we share 33...
#10 | ASML | Fundamental Analysis Part 2
26 Dec 2024
Contributed by Lukas
Mathijs and Bouke return with part two of their deep dive into ASML. We're now zooming in on what makes ASML a potential investment opportunity ...
#9 | ASML | Fundamental Analysis Part 1
25 Dec 2024
Contributed by Lukas
Join Bouke and Mathijs as they unwrap the secrets of ASML, the Dutch semiconductor company that plays a pivotal role in producing the cutting-edge chi...
#8 | EssilorLuxottica | A monopoly hidden in plain sight
19 Dec 2024
Contributed by Lukas
What if I told you that the glasses you wear, whether they contain the Chanel, Dolce & Gabbana, Ferrari or Brunello Cucinelli brand, all come from...
#7 | Visa | The evolution of the payments industry
12 Dec 2024
Contributed by Lukas
Ever wondered what really happens when you swipe your card? In this episode, we uncover the fascinating world of payments, focusing on one of the bigg...
#6 | Laws of luxury | A luxury industry deep dive
05 Dec 2024
Contributed by Lukas
Luxury doesn’t play by the rules of traditional marketing, it rewrites them entirely.In this episode, we dive into the fascinating (anti)-marketing ...
#5 | The man who beat Wall-Street and casinos | Edward Thorp’s investing and life lessons
28 Nov 2024
Contributed by Lukas
The story of how one man outsmarted both the casinos of Las Vegas and Wall Street.In this episode, we tell you the inspiring story of Edward Thorp, a ...
#4 The luxury pyramid | A luxury industry deep dive
23 Nov 2024
Contributed by Lukas
Luxury isn’t just about price; it’s about psychology, status, and the fascinating pyramid of luxury.In this episode, we break down the tiers of lu...
#3 | The psychology of luxury | A luxury industry deep dive
21 Nov 2024
Contributed by Lukas
Welcome to episode 3 of The Dutch Investors podcast! This is part 1 of the luxury industry deep dive series, where we try to uncover all the (hidden) ...
#2 | ASML | Risks and the role of cyclicality
17 Nov 2024
Contributed by Lukas
In this episode, we’re taking a deep dive into the uncertainties ASML faces and how the semiconductor industry’s cyclical nature impacts its futur...
#1 | ASML | Cracking the semiconductor code
16 Nov 2024
Contributed by Lukas
Welcome to the first episode of Cracking the ASML Code.In this episode, we delve into the world of ASML, a company so critical to modern technology th...