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Thomas Chua Profile picture
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Jan 25 • 8 tweets • 3 min read
Before, the only way to learn from investing legends was to get into Columbia Business School.

It featured greats such as Ben Graham, Joel Greenblatt & Bruce Greenwald.

Today, the internet has made education available to all for FREE!

The top 5 'lectures' by fund managers:
1. Joel Greenblatt of Gotham Capital

A playlist of Joel's lecture at Columbia.

Available for free!

Learn about valuation, special situations, case studies and options.

2. Li Lu of Himalaya Capital

Learn about what to look for in businesses and the mindset of a business owner.

3. Terry Smith of Fundsmith

Learn about investing in high-quality companies.

4. @robvinall of RV Capital

A treasure trove of investing wisdom.

My favorite 'lecture' was Robert's fireside talk with his friend Andreas Lechner, an individual investor that's absolutely brilliant.

5. @MarceloPLima of Heller House

Learn about disruption, investing in S-curves, unit economics and so much more.

This is the end of the best lectures!

I hope you enjoyed it.

If you like this, follow me here @steadycompound

I write about investment concepts, business breakdowns and growth philosophies.
If you have enjoyed this thread, you're gonna love my newsletter where I curate 3 ideas on investing and growth philosophies.

Every week.

steadycompounding.com

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More from @SteadyCompound

Thomas Chua Profile picture
Jan 15
If I have to name someone who taught me most about:

Risks, volatility and market cycles

It has to be Howard Marks from Oaktree Capital.

Buffett once said: "When I see memos from Howard Marks in my mail, they're the first thing I open and read."

Here are my key insights:
1. Risk Management

Investment isn't about avoiding risk altogether.

Risk-free investments will usually bring risk-free returns (mediocre).

Rather, we should think about managing risk instead using tools such as:

Diversification, rebalancing, long time horizon, etc.
2. We are our own worst enemies

Investors make most of their mistakes not because of informational or analytical factors, but because of psychological ones.

The internet has made tons of information readily to all investors.

What counts is how we react to those information.
Read 14 tweets
Thomas Chua Profile picture
Jan 14
Twilio $TWLO webinar on how to help businesses better engage customers.

Flex product demo and hearing from Standard Charter on how they use Twilio to improve customer experience (CX).

Updating my learnings in this thread as it goes along.
Customer behavior has shifted.

Engaging consumers digitally and providing that customized experience is important.

They expect the same experience regardless of the channel of contact.
70% of consumers in Asia prefer self service.

Frictionless contact becomes extremely important.
Read 17 tweets
Thomas Chua Profile picture
Jan 8
'Tony' Deden got into the investment business by accident.

Managing the monetary affairs of a family after the breadwinner dies.

Over time, one family became two, three, and more.

Knowing that his clients no longer had an income, capital preservation was key.

My key insights:
1. Respect the capital

The capital entrusted to him was a lifetime's worth of savings.

It's tough enough to protect the capital from externalities such as inflation, taxation or unforeseen events.

A fund manager can't compound the error by internal factors such as imprudence.
2. A good investment must have three components

Scarcity, permanence and independence.

These three components make investments endure the test of time.
Read 19 tweets
Thomas Chua Profile picture
Jan 5
My complete research toolkit for analyzing a stock.

Feel free to add any that I have missed out! Image
Big thanks to all those who contributed!

Updated list of research toolkit. Image
If you have found this useful, follow me here @SteadyCompound

I write about investment concepts and breakdown businesses.
Read 5 tweets
Thomas Chua Profile picture
Jan 1
Buffett's letters taught me more about investing than any business school ever could.

Even after investing for 14 years, I uncover new insights every time I reread his letters.

Recently, I reread his letters from 1977 to 2020 for a third time.

Here are my key insights: Image
1. Moat is NEVER stagnant

A company's competitive position either grows stronger or weaker each day.

Widening the moat must always take precedence over short-term targets. Image
2. Commodity businesses

A business without moat will have its returns competed away.

Regardless of improvement, your competitors will quickly copy your advantage away.

Where returns on capital is dismal, reinvestment will only destroy value. Image
Read 23 tweets
Thomas Chua Profile picture
Dec 24, 2021
Fintwit is a wonderful place for learning.

I have learned from the generous sharing of many Fintwitters.

This year, I became more active and began giving back to the community.

Here are my top 5 threads that can help you become a better investor:
1/ Top five lessons from Fintwit University

2/ Lessons from the top fund managers

Read 8 tweets

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