Excellent summary of a Phenomenal book : Tren Griffin's "Charlie Munger – The Complete Investor".

So many investing and life lessons in this one. h/t @BigNitin 👏

biginvestorblog.com/2015/08/23/boo…
My fav pts from the summary, ended up being almost the entire summary.

Basics of Value Investing system and important points from "Worldly Wisdom" and "The Right Stuff". ⬇️
The Principles of Value Investing system.

Of course the quant formulas from 80 yrs ago based on Book Value & Tangible capital doesn't apply as much today, but the principles of Intrinsic Value, Margin of Safety (in Quality & Quantity), Market psychology will always be relevant.
More investing principles ⬇️
Some important points form The Psychology of Human Misjudgment⬇️

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More from @RamBhupatiraju

6 Oct
"7 Powers: The Foundations of Business Strategy" by Hamilton Helmer is a highly useful book for anyone interested in investing in high quality Co.'s for the long-term.

Phenomenal summary of that book by @AbiTyasTunggal👏

cc: @dmuthuk @Gautam__Baid

tyastunggal.com/p/7-powers-the…
Good summary of the short definition, benefits and barriers of each of the 7 Powers.

1⃣Scale Economies
2⃣Network Economies
3⃣Counter Positioning
4⃣Switching Costs
5⃣Branding
6⃣Cornered Resource
7⃣Process Power
The overall illustration and few more important points.
Read 4 tweets
4 Oct
🔟Stocks from my growth basket that I slowly add to every time there's rotation out of growth stocks due to Macro or Valuation reasons.

$TWLO $DOCU $CRWD $SQ $ETSY $FVRR $ROKU $TTD $PTON $U

(Yeah yeah, these are all FinTwit favs, no originality points there, I know).
I would rather keep or add to my capital to the
-Well capitalized secular growth Co.'s with
-innovative & well executing Mgmt. Teams
-high Margin recurring revenues
-Co.'s offering effective solutions by leveraging the latest tech
-developing Network effects/Switching costs.
Investing is as complicated as you want to make it.

To keep it simple, few questions I ask myself during the high volatility periods

✔️Do I understand these Companies, their Industry, underlying trends and would like to hold them for the next 5 yrs? Yes
Read 12 tweets
1 Oct
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 Image
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.
Read 10 tweets
1 Oct
"10 Ways to Improve Your Investment Process". One of my fav docs to recommend to individual long-term investors.

Packed with wisdom, useful & practical advice and beautifully written by @Greg_Speicher 👏👏

csinvesting.org/wp-content/upl…
My fav notes from Pts 1-5 ⬇️
Fav notes from Pts 6-10 ⬇️
Read 4 tweets
30 Sep
Phenomenal presentation by Howard Marks based on his book " Mastering the Market Cycle". Worth reading once an year.

cc: @dmuthuk @Gautam__Baid @saxena_puru @BrianFeroldi

My fav parts in the thread below.⬇️

calpers.ca.gov/docs/board-age…
Understanding the Market cycles and the factors that impact them (Capital availability, attitudes towards risk, optimism/pessimism taken to extremes) can be really helpful for long-term investors.
✔️On what causes Cycles and why trends go to excess
Read 11 tweets
28 Sep
Good document for beginners about "What are Multi-Bagger stocks and How to find them?". h/t @TradeBrainsGrp @kritesh_rocks 👏

tradebrains.in/wp-content/upl…
Traits of Multi-bagger stocks ⬇️
How to find multi-bagger stocks ⬇️
Read 5 tweets

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