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| Lesson | Application | |--------|-------------| | | Scan for bankrupt or crisis-hit companies with solid underlying assets | | Get board control | Don’t buy minority without governance rights | | Improve operations first, not financial engineering | Cut costs, replace management, focus on cash flow | | Patience & concentration | Top 3 holdings = >80% of net worth | | Know regulatory landscape | Gambling & banking are highly regulated — use that as a moat | jiri smejc
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Jiří Šmejc is a prominent Czech billionaire entrepreneur and investor, currently recognized as the , one of Central Europe's largest investment firms. Born in 1971 in Karlovy Vary, Šmejc has built a reputation as a sophisticated strategist who played a pivotal role in the expansion of several multi-billion dollar enterprises, most notably Home Credit Group and EMMA Capital . Early Career and TV Nova Born in 1971 in Karlovy Vary, Šmejc has
| Company | Sector | Ownership | Notes | |--------|--------|-----------|-------| | | Lottery / gambling | Formerly controlled (sold 2022) | Turned near-bankrupt Czech lottery into pan-European giant | | Moneta Money Bank | Banking | ~29% (largest shareholder) | Czech mid-sized bank; fought hostile takeover attempts | | Home Credit (part) | Consumer finance | Minority via PPF | Asia-focused subprime lending | | Air Bank | Retail banking | Via Moneta merger | Digital-first bank | | Emma Real Estate | Property | 100% | Commercial & residential in CEE | | Food & retail | Various | e.g., Rohlik Group (minority) | Czech e-grocery unicorn |
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