Compounding Quality Profile picture
Jan 27, 2024 12 tweets 4 min read Read on X
American Hedge Fund billionaire Bill Ackman is a learning machine.

"You can learn investing by reading books."

Here are his 9 favorite investing books everyone should read: Image
1. Security Analysis

This book is a valuation masterclass.

"The stock market is a voting machine in the short run and a weighing machine in the long run." Image
2. Quality of Earnings

This book shows the importance of examining a company's financial statements and earnings to determine their true quality and reliability Image
3. Beating the Street

In this book Peter Lynch emphasizes the idea that individual investors can achieve market-beating returns by investing in companies they understand and believe in Image
4. The Intelligent Investor

In the end, all intelligent investing is value investing.

The Intelligent Investor teaches investors to approach the stock market with a focus on long-term, rational, and conservative strategies. Image
5. The Essays of Warren Buffett

Are you a fan of Warren Buffett? Then you should read this book.

This book tells you exactly how Buffett has built his empire. Image
6. Margin of Safety

Investors are all too often lured by the prospect of instant millions and fall prey to the many fads of Wall Street.

Don't be like this. Act like an investor and not as a speculator. Image
7. You can be a Stock Market Genius

Joel Greenblatt is a great teacher and investor.

This book offers a practical guide to investing in the stock market. Image
8. The Warren Buffett Way

This book breaks down Warren Buffett's investment philosophy.

It's a helpful book for those who want to invest in a sound and rational way. Image
9. One Up On Wall Street

This is one of my favorite investment books ever.

"One Up on Wall Street" focuses on helping regular investors defeat Wall Street professionals, who are skilled and highly paid. Image
That's it for today.

If you liked this, you'll love a PDF I compiled with more than 200 pages of Bill Ackman's wisdom.

Sign up here to receive it : compounding-quality.ck.page/3192d630f8
Here's an overview of them all: Image

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More from @QCompounding

Dec 17
I’ve spent years reading hundreds of books on investing, risk, and decision-making

These are my all-time favorite books per theme: Image
1. Investment classics: Stocks for the Long Run — Jeremy Siegel

This book is a data-driven masterpiece proving why stocks remain the best long-term asset.

Siegel’s research makes one thing clear: time in the market beats timing the market. Image
2. Quality investing: Only the Best Will Do — Peter Seilern

Seilern argues that excellence, not cheapness, drives true compounding.

It’s a playbook for owning resilient, high-quality companies through thick and thin. Image
Read 9 tweets
Dec 14
10 Quality Stocks to Own Forever

1. MSCI Image
2. Lifco Image
3. Sanlorenzo Image
Read 12 tweets
Dec 13
American Hedge Fund billionaire Bill Ackman is a learning machine

"You can learn investing by reading books."

Here are his 9 favorite investing books everyone should read: Image
1. Security Analysis

This book is a valuation masterclass.

"The stock market is a voting machine in the short run and a weighing machine in the long run." Image
2. Quality of Earnings

This book shows the importance of examining a company's financial statements and earnings to determine their true quality and reliability Image
Read 12 tweets
Dec 13
The best slide deck ever?

J.P. Morgan's 'Guide to the Markets'

Here are the top 10 charts every investor should see right now. Image
1️⃣ The S&P 500 Always Comes Back

This chart shows the S&P 500 from 1997 to 2025.

Since the 2009 low, the index is up more than +900% at its peak.

Even after drops of -34% (COVID) and -25% (2022), prices made new highs.
2️⃣ Valuation Predicts Long-Term Returns (Not Short-Term)

For 1-year returns, valuation explains almost nothing (R² = 5%).

For 5-year returns, valuation matters much more (R² = 30%).

At today’s valuation, history points to lower long-term returns than when markets were cheap. Image
Read 13 tweets
Dec 9
Bargain alert:

Many high-quality stocks are trading at attractive valuation levels.

Here are 10 compounders that have dropped more than 20% this year: Image
1. Computer Modelling Group () — down 52.2% YTD

A Canadian small-cap focused on reservoir-simulation software for the oil & gas industry.

It builds models that help energy companies predict how wells behave underground to optimize extraction. CMG.TOImage
2. Mips () — down 37% YTD

A Swedish company known for its safety technology used in bike, ski, and motorcycle helmets.

Its core innovation reduces rotational motion to the brain during impact, making it a global standard in premium helmets. MIPS.STImage
Read 12 tweets
Dec 7
12 visuals that will shape your investing philosophy:

1. Time in the market beats timing the market Image
2. The Market Can Stay Irrational Longer Than You Can Stay Solvent

Everyone is a genius in a bull market.

Only when the tides go out do you discover who is swimming naked.

Watch out for chasing trends and hype stocks. Image
3. Pay Up for Quality

Buying the second-best company in an industry because it’s cheaper than the market leader is rarely a good idea.

Buy the best companies in the world and let the magic of compounding do its work for you. Image
Read 11 tweets

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