My fav investing Teachers & what I learned from them.
✔️Long-term focus🔭
Warren Buffett
Charlie Munger
Chuck Akre
✔️Growth📈
Philip Fisher
Clayton Christensen
David Gardner
✔️Behavioral🧠
Benjamin Graham
Howard Marks
Seth Klarman
✔️Process🗒️
Peter Lynch
Pat Dorsey
Nick Sleep
Some key points on each.
✔️Long-term focus
Buffett : Business Owner mindset (as an investor) will prompt you to think/act long-term. Time is a friend of excellent Business and a foe of the mediocre ones.
Munger : Learn and practice multi-disciplinary thinking. Patience & common sense are rewarded in the long-term.
Akre : Developing a simple approach (for buying/holding) that will help you stay with the good companies for a long time.
✔️Growth
Fisher : How to research growth Co.'s (Product, Sales, Management, Culture...) and then hold for the long-term.
Christensen : Always think about innovation, disruption, trends and how they are helping or hurting the Companies you are interested in or holding.
@DavidGFool : Winners win (for a reason). Invest in Companies that are creating a better future. Seek/Buy/Hold/Add to Excellence.
✔️Behavioral
Graham : For the concepts of Intrinsic Value, Margin of Safety and taking advantage of Mr. Market’s occasional crazy behavior.
Marks : How Market & Investor psychology influences cycles & occasionally take prices far away from intrinsic values in both directions.
Klarman : Before you get excited about the upside, make sure you think about the downside (quality, Balance sheet, expectations embedded in the stock price...)
✔️Process
Lynch : Leveraging your edge as an individual investor and investing in Companies that you know or can understand. How to analyze based on what type of Company it is.
Dorsey : Focus on Moats, re-investment opportunities, and Capital Allocation skills of Management.
Sleep : Putting effort to identify the deep reality of good Businesses and understanding what makes them special.
My fav part of investing process (apart from company research) is how you can learn from various investors, concepts, pick what fits your goals/process, making it better which will ultimately deliver good long-term results.
Happy Friday!
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Small adds to existing pos
$META (Social is done)
$NOW (Who needs IT monitoring anyway?)
$ALGN (Everyone from now one will have perfectly aligned teeth)
$SQ (hey guys, focus plz, actually)
$MDB (Recession will kill need for DBs).
Kidding aside, the next few qtrs are highly uncertain from a lot of aspects, but not all Cos are the same when it comes to credit dependence for capital stack/customer demand...
..cyclicality and severity of business impact during an actual recession, runway for core growth post any recession, ability to use this period to acquire smaller competitors etc.
I love investing quotes so much, that I tried coming up with 10 of them incorporating lessons for the current situation. Let me know if any of these resonate with you and which one's your fav
1⃣ The time of maximum pleasure (from all those recent/quick big gains) could actually be the time of maximum risk (when the forward R/R could be quite unfavorable).
The time of maximum pain (from all the recent losses & negative headlines) could actually be the time of maximum potential (as long as you're investing in high Quality Cos at attractive prices for a long-term hold).