Excellent presentation on Economic Moats🏰.

Goes into much more detail than the cursory & generic explanations. h/t @brianlaungaoaeh 👏

Targeted towards Tech startups, but very useful info for Public Mkt investors too.

cc: @dmuthuk @Gautam__Baid

✔️Network Effects🕸️
✔️Switching Costs⚖️
✔️Intangibles ™️
✔️Cost Advantages💰
✔️Efficient Scale💪
✔️Network Effects
✔️Switching Costs
Compatibility requirements
Transaction Costs
Cognitive Costs
Learning Costs
Lost-Benefit Costs
Switching Costs continued...
Intellectual Property
Culture & Management
Regulatory Environment
Intangibles continued...
✔️Cost Advantage
People & Culture
Systems & Processes
Capital (Ability to Source & Allocate)
✔️Efficient Scale
Summary 👇

• • •

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More from @RamBhupatiraju

10 Sep
My first 1⃣0⃣0⃣ bagger. Finally.... Love you $LULU 💕

I'll not pretend to be an expert on 100 baggers (this is a nominal win, read Pt11), but will just share some general and some specific lessons I came across thru my holding of $LULU.

12 Lessons from the 12 year journey. ⬇️
1⃣Be open minded : Good ideas can come from anywhere.

Fresh from reading Peter Lynch's "One Up On Wall Street" back in Dec'08 I wanted to pick one branded athletic retailer. $NKE $LULU $SKX might have been the choices.
I read up few free articles on Motley Fool and elsewhere and the basic analysis was good enough for me to get started.

What attracted me to $LULU back then was
-Yes, it's catchy name to begin with
-Small but a leader in a growing Healthy Lifestyle trend
-Founder led
Read 33 tweets
10 Sep
One of my fav docs on Behavioral Finance. ⬇️

Covers a lot of basics on the major biases, with examples and also on how to minimize them.👏

The common mistakes 👇
Learning how to address our behavioral biases is incredibly important. Solid advice. 👇
Read 4 tweets
8 Sep
Excellent blog for Book Summaries on the topics of Finance, Investing and Biographies. Kudos to @jeremyrsilva for the incredible effort. 👏

One of my fav blogs that I revisit often to check out the new summaries.

✔️Money and Finance Book Summaries ⬇️

✔️Business and Leadership Book Summaries ⬇️

Read 8 tweets
3 Sep
My biggest losers of all time (on % basis or opportunity cost) and what I learned from them.

"Experience is what you get when you didn't get what you wanted."😂
Most of these Co.'s, I got in either due to low valuation (which ended up being Value traps) or envy out of missing their previous gains (while not knowing enough about the quality/sustainability/future outlook).
Except for a couple of cases ( $SDRL $UA), I also didn't know enough about the Management teams. Even in those two cases, the founders mismanaged the strategy/business later.
Read 18 tweets
3 Sep
I love the combination of
✔️Picks & Shovel plays in the Digital Transformation, led by innovative leaders
✔️The best Co's in this space delivering important solutions while leveraging the best of SaaS Business models.
✔️LT view, buying early, buying slowly, stomach for Volatility
1⃣The ability to offer innovative/critical/useful solutions to Customers by leveraging the latest technologies

2⃣Developing an effective recurring revenue and high Gross Margin business
3⃣Landing/retaining/expanding Customers

4⃣Efficient S&M/R&D for sustainable growth

Co.'s that can do these effectively and consistently will reward shareholders over the long-term.
Read 7 tweets
2 Sep
Good document on "16 RULES FOR INVESTMENT SUCCESS" by Sir John Templeton.

1. Invest for the maximum total Real return

2. Invest - Don't trade or speculate

3. Remain flexible and open-minded about types of Investment

4. Buy low (w.r.t Intrinsic Value)

5. When buying Stocks, search for bargains among Quality stocks

6. Buy (Intrinsic) Value, not Market trends or the Economic outlook

7. Diversify

8. Do your Homework

9. Monitor your investments

10. Don't panic

11. Learn from your mistakes

12. Think clearly
13. Acknowledge that outperforming the Market is a difficult task

14. An Investor who has all the answers doesn't even understand all the questions

15. There's no free lunch

16. Do not be fearful or negative too often.
Read 4 tweets

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