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Ram Bhupatiraju Profile picture
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6 Jan, 4 tweets, 2 min read
Excellent article on Behavioral finance by @CatanaCapital 👏

This stuff is highly relevant & useful to survive in the Markets thru the good and bad times.

lehnerinvestments.com/en/behavioral-…
Good simple explanations of various biases.

Being aware of our own biases along with crowd psychology is an important part of investor toolkit.
We've all been thru these phases, but a little less gloating during the good times and little less panicking during the bad times, will ensure sanity and good long-term results.
Don't let your emotions and noise manage your Portfolio. Let your well thought out & time tested process do that.

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More from @RamBhupatiraju

Ram Bhupatiraju Profile picture
6 Jan
When Mr. Market goes crazy, I always try to oblige him with some buys.

$SE : Add at $198
$FVRR : Add at $95
$GDRX : Add at $28
$COIN : New at $236

Positions I'm🤏close on adding : $SQ $TWLO $U

Maybe next up : $ETSY $SHOP $ZS

Have to save some $$ for the Earnings season.
Taking a short pause (for Portfolio weighting reasons) : $ROKU $TTD $UPST

Favs from watchlist: $CVNA $RBLX $HUBS

Thankful for : Big Tech & Healthcare/Consumer Cos in my Portfolio for not sinking (yet), providing me some sanity and courage to buy during this period.
My usual playbook during these times.

-Mostly adding to existing holdings. Occasionally initiating positions in new companies.

-Cash for the purchases comes from new incoming cash, previous sales after thesis being completed or being busted and...
Read 11 tweets
Ram Bhupatiraju Profile picture
17 Dec 21
5 yrs from now, I would be very surprised if these businesses are not materially bigger (yes there's always execution risks to👀).

These are not recs, just a random bunch of beaten down Cos in my Portfolio being used as an example to illustrate the point of this thread. YMMV.
The Market is a pretty good judge of businesses over the long-term, but looking for clues in short term stock prices (when they are being heavily influenced by Macro factors in either direction) to decide whether or not the businesses are worth investing can be very misleading.
Things get way less noisy in the Market when you have clarity on if you want to be an

✔️Owner of these businesses for the long-term

or

✔️A renter of their stocks in the short-term.
Read 24 tweets
Ram Bhupatiraju Profile picture
16 Dec 21
That quote about "Vision to see, courage to buy and patience to hold" is one of my fav quotes about investing.

If I'm buying high quality companies (that I understand and intend to hold for a long-time), I've rarely regretted buying them during big drawdowns.
The important thing is to be right about the quality/durability but more importantly having the tenacity to hold them for a long time as they go thru some business volatility and lot of Market volatility.
For someone going the "individual stocks for the long-term route" they would be buying (companies in their circle of competence) for the growth in intrinsic value.

Through that long journey of holding there will be numerous bumps like
Read 16 tweets
Ram Bhupatiraju Profile picture
14 Dec 21
Stocks I slowly bought over the past month (not recs). All of these are adds to existing positions. No new pos initiated (unlike previous downturns).

$ROKU : $246
$MTCH : $136
$PYPL : $181
$FVRR : $148
$UPST : $173
$TDOC : $101
$DOCU : $132
$NVCR : $82
$PINS : $38
$DDOG : $159
I'm definitely glad that my older/bigger positions in $AAPL $GOOG $AMZN $BRK $NKE $ISRG $SBUX $CMG etc. are acting as shock absorbers these past few weeks to the drawdowns in growth names.

With that said, let's dive in. ⬇️
It's not about how much up/down I'm from my previous purchases on the growth names (mostly done in 2019-21), or the drawdowns from 52wk highs. For me, it's more about where I think these could be in 3-5 yrs.

I'm NOT trying to predict which names are going to be
Read 22 tweets
Ram Bhupatiraju Profile picture
13 Dec 21
Ben Graham's "The Intelligent Investor" is a horrible book if you're using it purely for the quant formulas in today's Markets, but probably THE BEST BOOK if you're interested in learning about the core investing concepts, and eternal truths about the Markets & its participants.
Below are few of my fav quotes organized by topic.

1⃣ Discipline
2⃣ Investing vs Speculation
Read 5 tweets
Ram Bhupatiraju Profile picture
12 Dec 21
"100 to 1 in the Stock Market" by Thomas Phelps is a great book if you put it in the right context. Not for quick/easy formulas but about the potential of buying strong/durable Co's at good prices & holding them for a long time until they remain great.

victoricapital.com/2021/05/14/100…
My fav parts from the summary ⬇️
more ⬇️
Read 6 tweets

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