Lot of great points on the importance of having a strategy, process, discipline, patience, self-reliance, awareness of risk, biases/emotions, learning from mistakes & more.
More ⬇️
Some more ⬇️
The last year has delivered great results to many Portfolios but Market conditions are always changing and it's important to ensure the Process and Portfolio are built to withstand whatever the Market throws at it in the short-term and sustain & succeed for the long-term.
"Even as learning from past mistakes is easier said than done, there is no path toward improvement unless we attempt to learn from our mistakes — and those of others."
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Very important for investors (especially individual investors picking their own stocks) to figure out what your edge is, that will enable you for LT success in the Market.
W/o getting into too much details, below are some methods I recommend to improve chances of success.
1⃣ Informational edge : Most of the raw information is freely available to everyone, but if you can filter out the noise (media/stock predictions, random opinions), & focus only on the reliable sources (Co produced docs, analysis by investors you respect..) you can have an edge.
My $ROKU 📺story⬇️and some lessons in the thread below.
It's not often that I get add so many times at attractive prices in such a short amount of time, but that Mr. Market can be extra generous sometimes and you got to oblige.
Few general lessons (not recs)⬇️
✔️ Don't get stuck on your initial (not fully informed) opinions
✔️ Consider facts , updates from reliable sources and analyze with fresh eyes
✔️ When you have a good enough thesis, start a small position (don't wait for perfect entry points).
Ten quick reasons why I❤️$TWLO & plan to hold for a long time to come.
1⃣ Primary service (CPaaS) is a critical & growing component of Digital Transformation. Being able to effectively reach Customers in whatever channel they prefer is a must.
2⃣ Highest mindshare and best in class for CPaaS.
3⃣ Plenty of organic growth left.
4⃣ Usage based Revenue model in exploding use-cases is great.
5⃣ ~140 DBNE, one of the best in SaaS
6⃣ Great top line growth for few more years, and margins trending in the right direction.
7⃣ Huge base of Customer count, with no concentration risk.
8⃣ Smart acquisitions, not empire building. SendGrid and Segment are all great additions.
1. Warren Buffett Speaks
Be principled
Be rational
Difference between price & value
Circle of competence
Think independently
Pricing power
Franchise value