🔟Investing Philosophies I greatly admire. Learning from the best Investing Teams out there (that match your Philosophy/Strategy) and improving your own process is one of the best investing hacks. What are some others that you admire?

🔟of my principles at the end.
⬇️⬇️
1⃣ Buffett : Gotta start with the🐐

businessinsider.com/warren-buffett…
3⃣ Fundsmith : Terry Smith

fundsmith.co.uk/docs/default-s…
4⃣ Silver Ring Value Partners : Gary Mishuris

silverringvaluepartners.com/inv-philosophy
6⃣ Shawspring : @DennisHong17

shawspring.com
🔟 Polen Capital

polencapital.com/approach
Bonus : @ARKInvest
The core principles of investing aren't too many, and doesn't change too often.

Below are my quick useful🔟principles.

1⃣ Focus on Understandability (& circle of competence), Quality, Durability, Growth & Competitive advantages/Moats.
2⃣ Focus on Financial strength, cash generation capability along with long runway and high re-investment opportunity.

3⃣ Focus on Management - Integrity, Capability, Vision, Incentives alignment and long-term orientation.
4⃣ Learn how to interpret the Financial Statements of a Company, given it's growth stage/life cycle, Industry and what it's actual goals currently are.

5⃣ Respect Valuation (but that doesn't always have to mean purely statistical/backward looking metrics).
6⃣ Keep an eye on innovation, disruption and major trends helping/hurting your holdings and prospective Co's.

7⃣ Portfolio Concentration towards the best ideas based on conviction & return potential.
8⃣ Think & act long-term. Rational & disciplined execution. Time & patience given to great businesses will generally be rewarded with great returns.
9⃣ Keep an open mind. Respect well researched contrary opinions.

Learn from various good resources, but always make your own decisions.

Learn from your mistakes & move on. Do not try to justify your past mistakes if the facts are no longer aligned with them.
🔟Accept Volatility as part of the journey and even take advantage of it.

Moderating your fear (during bad times) and greed (during good times) will ensure survival and long-term success.

Hope this was helpful.

/END.

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More from @RamBhupatiraju

30 Jan
Phenomenal compilation of summaries of🔟important Business/Finance/Investing books. h/t @EdelweissFin 👏
An excellent weekend read.👍

cc: @dmuthuk @Gautam__Baid @saxena_puru

edelweissmf.com/Files/Insigths…
Snapshots of the Key Takeaways of the books discussed.

1⃣ "A Piece of the Action" is an excellent book to understand the Finance Industry evolution in the US.

2⃣ The obvious classic "The Intelligent Investor".
3⃣ Ray Dalio's "Principles"

4⃣ Howard Marks' "The Most Important Thing"
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29 Jan
Excellent review of a very important book "7 Powers" by Hamilton Helmer. It digs deep into Competitive strategies of Companies that end up creating Moats and long-term shareholder value.👍

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Main pts (Benefits & Barriers) for the 7 Powers.
1⃣ Scale Economies
2⃣ Network Economies
3⃣ Counter Positioning
4⃣ Switching Costs
5⃣ Branding
6⃣ Cornered Resource
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If you're a long-term investor in individual Businesses, having deeper insights into the below are important.

✔️Relationship between the Business & their Customers
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Now might be a good time to read Robert Shiller's "Irrational Exuberance".🧐

cc: @Gautam__Baid @saxena_puru @dmuthuk

✔️Natural Ponzi processes
✔️This time is different
✔️Compounding biases
✔️Herds and epidemics
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My fav parts.

1⃣
2⃣
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"Poor Charlie’s Almanack" about Charlie Munger is a phenomenal book that should be read by all investors at least once. Excellent summary of that book by @allenxcheng👏

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Thread below with my fav content.

allencheng.com/poor-charlies-…
Topics in the article ⬇️
Key points ⬇️
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Remembering the great Prof. Clayton Christensen (today is his 1st death anniversary). 🙏🙏

Great collection of his knowledge to cherish in this link.

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Thank you @DavidGFool🃏 @TMFRuleBreakers @themotleyfool for relentlessly educating, entertaining and empowering the individual investor.👏

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✔️Company
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The 6 Traits of a Rule Breaker Company ⬇️

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The 6 Traits of a Rule Breaker Investor ⬇️

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