Share this page!

Ram Bhupatiraju Profile picture
Twitter logo
6 Nov, 9 tweets, 3 min read
Excellent document by Morningstar on the topic of "Moats". Very useful. 👏

beleggersclubheusden.be/wp-content/upl…
Slides 9-12 are great.
Intangible Assets :
Switching Costs :
Network Effect :
Cost Advantage :
Efficient Scale :
Many times, I've ignored the presence of strong moats thinking that they are already priced in since it's well known, while ignoring the strong trends, runway for growth & Moat expansion, Management quality & optionality. Good pts on that. 👇
Researching, understanding & buying Co's with strong Moats (even emerging ones) at decent valuations, learning to track the main business drivers & intrinsic value will give you lot of conviction to hold for the long-term (while relying less on the short term stock movements).👍

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Ram Bhupatiraju

Ram Bhupatiraju Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RamBhupatiraju

Ram Bhupatiraju Profile picture
6 Nov
My E-Commerce🛒& Advertising📺Journey. Thesis (initial & latest), Scorecard & Lessons from those holdings.

Sharing with few friends @saxena_puru @richard_chu97 @BrianFeroldi @7Innovator @Gautam__Baid @TMFJMo @dhaval_kotecha @JonahLupton @adventuresinfi

Scorecard📊⬇️ Image
The point of the thread is not to show off, but to share my experiences & general lessons with whoever is interested & applies to. Divided into the below sections.

Philosophy
Trends
Research
Thesis
Valuation
Financials
Buying
Holding, Maintenance
Selling
✔️My Philosophy

- Invest your Capital with the best Businesses & Mgmt Teams.

- Hold for longterm as long as the biz quality/strength are improving & intrinsic value is growing.

- Learn from mistakes & improve the process.

- Expect & take advantage of Volatility along the way.
Read 25 tweets
Ram Bhupatiraju Profile picture
5 Nov
Terry Smith's (Fundsmith-UK) Owner's Manual is such a good reference for long-term investors in growth Companies.

fundsmith.co.uk/docs/default-s…
Another good article that dives into Terry Smith’s Top six investing ratios.

killik.com/explains/terry…
What makes for a good Business?
Read 9 tweets
Ram Bhupatiraju Profile picture
4 Nov
"How To Invest Like Warren Buffett" - Nice doc by Gavin Ross (Australian firm). 👏

Of course, we can't invest like Buffett, but there's a lot we can learn from him to improve our process & results.

CC: @Gautam__Baid @dmuthuk

My fav points below.⬇️

gavinross.com.au/wp-content/upl…
Main points. ⬇️
Fav pts, part1. ⬇️
Read 4 tweets
Ram Bhupatiraju Profile picture
3 Nov
"A Simple Guide to Your Company's Financial Statements" - Excellent document by Mastercard to help Small Business owners understand the importance & structure of Financial statements. Equally useful document for investors. 📊👍

@dmuthuk @Gautam__Baid

mastercardbiz.com/content/upload…
Long-term investors get the best results when they think from a Business Owner's perspective before buying a Stock and while holding.

This document has good/simple explanations of what each statement records, what it shows and doesn't show.

Income Statement ⬇️
Balance Sheet ⬇️
Read 6 tweets
Ram Bhupatiraju Profile picture
2 Nov
Yes, a very valid predicament @IrnestKaplan especially with the current valuations.

SW/SaaS Companies usually have few advantages.
-A very high Gross Margin that affords them to spend in other areas.
-No Debt (or very low amount) saving them the interest.
However careful evaluation has to be done if the ongoing expenses for

-R&D is resulting in great Products/Services widening their Market leadership.
-S&M is resulting in acquiring higher value Customers, lowering churn and increasing stickiness.
-G&A is trending down with scale.
The company has to be trending towards Market leadership in an important and growing TAM, while the Management is executing well and building some type of moat.

In these cases, at some point the operating margins and FCF/Sales for good businesses could reach 25% or more.
Read 5 tweets
Ram Bhupatiraju Profile picture
28 Oct
"5 Books That Changed My Life As An Investor". Excellent article by @EconomyApp.👏

1) One Up On Wall Street
2) Common Stocks and Uncommon Profits
3) The Most Important Thing
4) 100 Baggers
5) Motley Fool Investment Guide

seekingalpha.com/article/438121…
Loved the article since it clearly explains the reasons on why they influenced his investing strategy along with including some highlights from each book.

Good info for beginner & long-term (business focused) investors.

Below are some clipped highlights for each book.⬇️
1) One Up On Wall Street (Peter Lynch)
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get email notifications when new thread is out from this Author!

Check out other threads from this Author!

Read all threads by @RamBhupatiraju