Polaroid Land Camera Model 95 (from 1948) An absolute "must read": A Triumph of Genius: Edwin Land, Polaroid, and the Kodak Patent War...

Original Menue from the Biglari Café in Saint Tropez (2019) AND a Steak'n Shake seasoning (2016). part of the collection since… well, it is technically still trading – the museum’s rare live specimen, observed from behind glass. Every value-investing era produces its tribute acts: men who read the same Buffett letters, bought the same dog-eared Graham, and concluded that the one thing missing in Omaha was simply more of themselves. Sardar Biglari is the genre’s most committed

Part of the Portfolio since 09/2020 "Dear Readers, unfortunately it's time consuming to write down all those stories. We look for help...

Puke Bag; Amenity Kit; Gifted in 2020/2021. Air Berlin was Germany’s would-be number two, run for two decades by Joachim Hunold – who, in a detail you genuinely could not invent, began his career in marketing at LTU. Yes. That LTU. The cursed one from the neighbouring exhibit. He would later buy it. Do stay with us. The original sin was strategic indecision dressed up as ambition. Air Berlin tried to be a low-cost carrier and a full-service legacy airline and a charter holida

Added in 2017 to the portfolio Windeln.de – literally ‘nappies dot de’ – was a Munich online retailer of baby and toddler goods, pitched to investors with the most reliably seductive phrase in all of e-commerce: it was going to be ‘the Amazon for babies.’ The museum has learned to reach for its wallet protectively whenever a company describes itself as ‘the Amazon for’ anything, because that phrase names a competitor, not a moat. The May 2015 IPO on the Frankfurt exchange val

Cliq Digital -> Covid Mask from 2020 Cliq Digital was, for a giddy stretch of 2022–2023, a German small-cap darling. It licensed and bundled streaming content – films, music, games, audiobooks – into subscription packages, and sold those packages through aggressive online performance marketing. Revenue and profits soared; the dividend climbed to a remarkable €1.79 a share, a yield of around ten per cent; and the share price rocketed from roughly €2 to a peak of €41.30. Income

WestLB -> Anti-Stress-Ball, gifted in 2021. WestLB was a Landesbank: a state-owned wholesale bank, owned by the German state of North Rhine-Westphalia and the regional savings banks. In plain terms, it was owned by the taxpayer. Do hold on to that fact. It becomes funny later – in the way that a root canal is funny. The pedigree is genuinely wonderful. WestLB traces its lineage to an 1818 reparations payment of 160,000 taler from, of all benefactors, the Swedish government, a

Tesla Object secured: Bought at 69,420 USD in 2020... "Dear Readers, unfortunately it's time consuming to write down all those...

Gifted to the Portfolio in 2021 Collecting the worthless, one charter airline at a time. Let us be clear up front: LTU was not a fraud. There were no biological assets in a Chinese forest, no missing €1.9bn in a Philippine trustee account, no founder live-streaming with a hunting rifle. LTU was that rarest of museum pieces – an honest, boring, low-margin business that simply could not stop killing the people who bought it. Founded in 1955 as Lufttransport-Union and flying Vic