Investing in its purest sense (Analysis of Intrinsic value, buying with Margin of Safety) has been out of fashion recently, but here's an excellent resource for anyone interested in learning the core concepts.
h/t @Vintage_Value👏
@dmuthuk @Gautam__Baid
vintagevalueinvesting.com/wp-content/upl…
h/t @Vintage_Value👏
@dmuthuk @Gautam__Baid
vintagevalueinvesting.com/wp-content/upl…
Content ⬇️
✔️Main Concepts of Value Investing
✔️Famous Value Investors (Graham, Buffett, Schloss, Klarman, Marks, Burry...)
✔️How to value a Stock
✔️Qualities of Great Companies (Enduring, High ROIC, Economic Moats)
✔️Behavioral Finance
✔️Recommended Reading.
✔️Main Concepts of Value Investing
✔️Famous Value Investors (Graham, Buffett, Schloss, Klarman, Marks, Burry...)
✔️How to value a Stock
✔️Qualities of Great Companies (Enduring, High ROIC, Economic Moats)
✔️Behavioral Finance
✔️Recommended Reading.
Core concept
One of the most important illustrations in investing.
The difference between the intrinsic value of the Company based on the facts
vs
Market price that changes all the time.
The difference between the intrinsic value of the Company based on the facts
vs
Market price that changes all the time.
Charlie Munger's checklist. ⬇️
Personally I do not like Value Investing being synonymous with buying for a cheap multiple based on past Financials while ignoring the Company's future and it's current problems.
It can (should) also mean analyzing where value is being created or being increased by the Company (usually in areas with stability/growth. aligned to trends, Moat, good Management, good ROIC, long runway....), measuring the range of intrinsic value, buying for less than that.
Overall a very useful document to get the concepts right irrespective of the method you use to buy stocks for the long-term (based on Intrinsic value, DCF, Multiple based....)
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