Pat Dorsey's "The Five Rules For Successful Stock Investing" is probably a Top 5 investing book in my opinion (for long-term investors in individual stocks).

Here's an excellent summary by Amey Chheda @FinMedium 👏

My fav parts in the thread below.

finmedium.com/2020/06/summar…
Basic Principles of Investing 💡
Five Rules of Successful Stock Investing ✅
Seven mistakes to avoid 🚫
Analyzing Economic Moats 🏰
Analyzing a Company's Financial Statement 📊

Growth, Profitability, Risks/bear case (shown below)
Financial Health , Management (not shown below)
On Valuation (when to use what type of approach). 🔢Excellent section.
There's many more good sections in the book on

-Identifying Red Flags and pitfalls to watch out for
-The 10-Minute Test to filter stocks for research
-How to do a detailed examination of selected stocks.

Overall, a highly understandable and extremely useful book.👍

/END.

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More from @RamBhupatiraju

2 Dec
"Not Learning From Investing History Can Be Hazardous To Your Wealth" - Excellent article by Gary Mishuris.

Portfolios & Markets being at ATHs is great, but it's also a time to reflect, practice caution, performing quality control & some risk management.

behavioralvalueinvestor.com/blog/2018/10/3…
Article goes thru the backdrop and lessons from

The 1920s and the Great Depression

The 1960s and the “Nifty Fifty”

The 1990s and the Tech Bubble

The Housing Bubble and the Great Recession

The Current Investing Landscape (article from Oct 2018, further elevated now)
Some good quotes

"Investment theses were formulated that described only the quality of the business and its growth prospects, but made no mention of the price and why it offered an attractive return."
Read 13 tweets
29 Nov
"The Investopedia Guide to Wall (Street) Speak" - Excellent reference material for Beginner to Intermediate investors.👏

Sharing widely.
cc: @dmuthuk @saxena_puru @Gautam__Baid @BrianFeroldi @FromValue @richard_chu97

(Download on Mobile might be slow)

1.droppdf.com/files/sg022/th… Image
Wide range of topics on Investing, Fundamental/Technical Analysis, general Market knowledge and much more.

Each term has a general explanation and an Investopedia explanation.👍

Some of my fav explanations below.
Accrual Accounting Image
Read 12 tweets
17 Nov
"18 Key Behavioral Finance Biases" - Good document with simple explanations & examples of how these biases impact investors.

cc: @dmuthuk @Gautam__Baid

svwealthadvisors.com/mediahandler/m… Image
My cheat sheet from the above article. Image
Some of my fav ones. Image
Read 6 tweets
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📊⬇️
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
6 Nov
Excellent document by Morningstar on the topic of "Moats". Very useful. 👏

beleggersclubheusden.be/wp-content/upl…
Slides 9-12 are great.
Intangible Assets :
Read 9 tweets
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

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