Thread by @RamBhupatiraju

Best Businesses in the World to study🏆

For those inspiring to be Business focused long-term investors, below would be my recommendations of Businesses to intensely study.

30 old and 30 new Companies and my reasons to include them. ⬇️

Read up on their origin stories
-Their Mission, purpose and Values
-Main products/services & evolution
-Business models
-Customer focused & long-term oriented Management Teams that created/re-created their Success
-Company culture, Capital Allocation,

-Creating/extending Moats
-Leveraging Technology and adapting to times
-Finally long-term Financial statements to put everything into perspective....

Studying these Cos will show you that success can come in variety of ways.
-Purely Technology, product quality driven
-Branding/Marketing driven
-Lean culture & process driven
-Business model innovation (Counter positioning & other)

-Decades long execution based on their mission
-Smart acquisitions and integrations
-Leveraging their physical/intangible assets
-Raw ambition & execution
-Experience driven domination of their field
-Being a critical part of their customer workflows

but usually the common ingredients are

-Long term focus on serving the customer

-Management Teams (Founders/Operators) with Skin/Soul in the game along with good Capital allocation & execution skills.

Studying so many Cos across different industries (& then diving deeper into the ones that interest you) will give you a wider economic & world view and a much better appreciation of how durable companies are built, which end up delivering the 50 & 100 baggers we all dream about.

The pattern recognition developed while studying their success stories (and near death experience, along with why their competitors failed) is immensely useful in analyzing future businesses.

Also helps you easily spot low quality Cos and short term incentive driven Management teams making poor decisions (w.r.t strategy or capital allocation).

That in my view will build a much more well informed, resilient and focused investor for the long-term

instead of

the news craving, stock watching & narrative driven short term one.

1⃣ Studying & identifying great businesses is of course only one part of being a good investor.

2⃣You still have to be good at analyzing and contextualizing Financial Stmnts & Valuation based on Co/Industry/Quality/Strategy/Life stage etc and then developing/tracking thesis.

3⃣And then mainly analyzing the behavioral/temperamental side of yourself and the Markets, and developing the long-term investor mindset.

Threads on #2 & #3 are for another day.

Disclaimer : Before someone complains that their fav Co is missing, look this is not an Investment Bank or Gartner sponsored study done by a team over 6 months.

This is something I did over couple of hours based on my experience & familiarity with these Businesses and a couple of thoughts I had (so of course it'll miss a bunch of other great Cos that you might know better).🤷‍♂️

/END

Forgot to add.

For those interested in doing this, you'll need to put some effort in gathering the right resources to study those businesses (I don't necessarily have that assorted).

For some Business, biographies on/by their founders are really good.
Buffett : The Making of an American Capitalist
Nike : Shoe dog by Phil Knight
Walmart : Made in America by Sam Walton
Copart : Junk to Gold

Other good sources can be
-Good online or Investor writeups specific to those Cos
-Blogs focusing on those industries
-Old magazine articles
-obviously 10Ks

Not an easy task, but will be worth the effort.