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Ram Bhupatiraju

12 Nov, 9 tweets, 3 min read

@AdvPerspectives

Excellent series of articles on "Economic Moats and Sustainable Competitive Advantages" by @AdvPerspectives 👏

Very comprehensive & useful info for investors interested in identifying/buying/holding high quality businesses.

cc: @dmuthuk @Gautam__Baid

advisorperspectives.com/articles/2016/…

Basic definitions of the Economic Moats ⬇️

1⃣ Economies of Scale

advisorperspectives.com/articles/2016/…

2⃣ Consumer Preference

advisorperspectives.com/articles/2016/…

3⃣ Switching Costs

advisorperspectives.com/articles/2019/…

4⃣ Network Effects

advisorperspectives.com/articles/2019/…

5⃣Mission Critical Products & Services

advisorperspectives.com/articles/2017/…

6⃣Low-Cost Producers

advisorperspectives.com/articles/2019/…

✔️Entry and Exit Barriers

The Industry dynamics and Competitive positioning have a huge influence on the long-term success (or failure) of a business. Excellent article and illustration on the topic.⬇️

advisorperspectives.com/articles/2015/…

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More from @RamBhupatiraju

Ram Bhupatiraju

@RamBhupatiraju

8 Nov

Good doc by Gavin Ross (Australian firm) on investing like Buffett, with many useful points for long-term investors.👏

gavinross.com.au/wp-content/upl…

My fav pts ⬇️

continued...

Read 4 tweets

Ram Bhupatiraju

@RamBhupatiraju

7 Nov

Good document for beginners on Financial Ratios.

myaccountingcourse.com/other/financia…

Few explanations from the document.

✔️Working Capital Ratio

✔️Inventory Turnover Ratio

Read 5 tweets

Ram Bhupatiraju

@RamBhupatiraju

6 Nov

@dmuthuk

Excellent doc by Aswath Damodaran on "Price or Value" (Relative Valuation, Multiples approach vs Intrinsic Valuation approach).

Very useful document for investors, making you appreciate the pros/cons of each approach.

CC: @dmuthuk @Gautam__Baid

valueinvestorconference.com/2016/presentat…

My fav slides from the document.

✔️Intrinsic Value approach.

✔️Multiples based approach

Read 5 tweets

Ram Bhupatiraju

@RamBhupatiraju

24 Oct

@dmuthuk

"Words of Investing Wisdom" by Value Investor Insight. One of my fav docs to re-read once an year.

Decades of wisdom from many investing greats on a range of topics packed in this document.

cc: @dmuthuk @Gautam__Baid

csinvesting.org/wp-content/upl…

Some of my fav quotes.
Part1 ⬇️

Part2 ⬇️

Read 6 tweets

Ram Bhupatiraju

@RamBhupatiraju

22 Oct

When luck/timing masquerades as skill.

My Portfolio snapshot from 04/14/2010. All these positions were acquired between late Dec'08 and 03/06/2009 (GFC bottom).

A hard look and few lessons from that time. ⬇️

Some background :

After dabbling in some rookie trading in 07-08 (tiny portfolio) and getting my fingers burnt from a trade in Crocs (Oct'07, long story), I was mostly on the sidelines and just watched the Financial meltdown starting Sep'08.

Was lucky enough to read some Seth Klarman, Peter Lynch and Buffett stuff during Fall 2008 which put things in perspective.

Read 22 tweets

Ram Bhupatiraju

@RamBhupatiraju

22 Oct

Pretty decent blog for beginners, with clear explanations of various investing concepts.👍

Sharing few of my fav articles. ⬇️

✔️Financial Ratios
penpoin.com/financial-rati…