Happy to share that Intuitive Surgical $ISRG finally became a 5⃣0⃣ bagger for me as of today (first tranche bought at the depths of GFC in March'09). The next two tranches from Nov'10 and May'14 also did their thing being 10+ baggers. After $LULU did it's 100 bagger for me back in 2021 this is the next one to hit 50+ milestone.

Peter Lynch was right. Regular folks can achieve (but can't plan) for these, with some common sense investing + lot of patience when thesis is on track + even bigger amounts of luck.

Still here.🙋‍♂️Just got busy with some non-investing aspects of my life over the last few months.

As painful as 2022 was, it also gave me an oppty to slowly add to existing or new pos at prices I expect to fondly look back on few yrs down the lane.

Few examples (not recs) ⬇️ $MDB : Before the crash, it was X shares at avg price of $208. Now it's 5X shares at avg price of $226

$AXON : Started in 2022 with multiple adds, with current avg of $120

$ALGN : Before the crash, it was X shares at avg price of $210. Now it's 2.5X shares at avg price of $222

"Advanced Financial Statement Analysis" - Excellent document by Investopedia that's equally useful for beginners and experienced investors.

@dmuthuk @Gautam__Baid @saxena_puru

Some of my fav sections in the thread below⬇️

grahamanddoddsville.net/wordpress/File… How Capital flows thru the Business⬇️

Good doc by PWC on "Basic understanding of a company's Financial statements". Useful stuff for beginners.

pwc.com/jm/en/research… Few important slides from Balance sheet

Excellent document on Behavioral Finance that I often refer to.

tilsonfunds.com/TilsonBehavior…

Common Mistakes ⬇️ Some very useful tips on how to use Behavioral Finance to improve your process and results. ⬇️

Slowly setting my cash on fire again this week.

Small adds to existing pos
$META (Social is done)
$NOW (Who needs IT monitoring anyway?)
$ALGN (Everyone from now one will have perfectly aligned teeth)
$SQ (hey guys, focus plz, actually)
$MDB (Recession will kill need for DBs). Kidding aside, the next few qtrs are highly uncertain from a lot of aspects, but not all Cos are the same when it comes to credit dependence for capital stack/customer demand...

I love investing quotes so much, that I tried coming up with 10 of them incorporating lessons for the current situation. Let me know if any of these resonate with you and which one's your fav 1⃣ The time of maximum pleasure (from all those recent/quick big gains) could actually be the time of maximum risk (when the forward R/R could be quite unfavorable).

Excellent list of Investing Book summaries. h/t
@SajKarsan👏

Few of my favs in the thread below.⬇️

barelkarsan.com/2008/06/book-s… ✅Buffett's Partnership Letters (1961-69).

barelkarsan.com/search/label/B…

For me, 2022 is not an year for sulking about all those positions that weren't sold in 2021. It's about correcting the mistakes & SLOWLY taking advantage of these lower valuations of strong growth Cos (to open/increase positions) & build a stronger foundation for future returns. As it stands today, above are what I'm looking forward to (across my 2 portfolios). Not recs.

Ideally, adding from Prio# 1&2, sometimes Prio#3 (while not bloating the Portfolio), occasionally Prio#4 and rarely Prio#5, while diversifying and rotating the purchases.

Happy 9⃣2⃣nd Birthday to the favorite investing teacher for many of us.🎂 Every additional year of his life is an incredible gift to the Business & Investing community.🙏

Five of my favorite and useful #Buffett resources in the thread below ⬇️

cc: @dmuthuk @Gautam__Baid 1⃣ An Excellent 5 part Infographic series on Buffett by @VisualCap 👏

visualcapitalist.com/warren-buffett…

Planning to slowly dip my toes in the buying pool again.

Watching (not recs)
$MTCH under $58 (existing position : avg basis $84)
$TREX under $49 (no position, have been interested for many yrs) Any experts on these names? Looking for long-term fundamental bear thesis (not a short term technical one, or a generic economy based one) and any major issues in the near future?

"Words of Investing Wisdom" by Value Investor Insight. One of my fav docs to come back to every year. So much wisdom packed in one place.👏

If below link doesn't work, google "Words of Wisdom Value Investor Insight pdf".

csinvesting.org/wp-content/upl… Some of my fav quotes from the document. Part 1⬇️

Last 15 purchases. All adds to existing positions. All done from mid May-mid June. Been inactive for 6 weeks after mid-June.

Everyone knows the bull case for these, below is what I watch out for.

$SHOP $NET $ROKU $TTD $TWLO $RBLX $VEEV $ABNB $ETSY $ZS $MELI $U $FVRR $SQ $SBUX None of these were made with the hope of bottom fishing (just lucky if they turn out to be).

Also all of these were bought before the recent round of Q2 results, which changed the conviction levels slightly up/down (but none that warranted drastic action for me).

Good article on the importance of having a Behavioral edge. 👏

The main edge that can actually be leveraged upon by the individual investors that are long-term oriented (of course, analytical skills are important).

medium.com/@richard_malon… Few pts from the article. ⬇️

How does one remain levelheaded and logical?

✔️Confidence in your analysis

✔️Don’t check stock quotes daily

✔️Diversify

✔️Be completely objective in your selection AND selling process

Good stuff for beginners on "How to Value a Company". h/t @Investopedia 👏

Covers a lot of basic content to explore w.r.t Fundamentals, Financial Statements, Ratios, Qualitative/Quantitative Analysis, Valuation methods etc.

investopedia.com/terms/b/busine… Content and navigation for the overall section.

Re sharing one of my fav blogs "The Good Investors - Singapore" & some of my fav articles. (Not sure if they are on Twitter).

Interesting/useful stuff for individual, long-term investors.👏

thegoodinvestors.sg/saying-goodbye… Lessons from the above article

I understand it's all about the almighty inflation & Macro these days, but below are

-Current holdings I'm interested in adding to VERY SLOWLY (barring no big -ve surprises w.r.t actual biz results)

-Prospective holdings I'm interested in tracking & maybe slowly buying. Plan is to add very slowly & rotate among my fav sectors/Cos while conserving bulk of the $$ to deploy when we see signs of stabilizing and then easing inflation for few months.

The operating climate and results of each specific Co are important along with valuation.

One of my fav docs to come back to during all market cycles. Covering Investment principles, checklists, economic cycles/bubbles, value traps & more. Phenomenal compilation by @pcordway👏

cc: @dmuthuk @Gautam__Baid @saxena_puru

Some of my fav content.⬇️

csinvesting.org/wp-content/upl… Pretty good process and checklist.

Aswath Damodaran's document on "The Corporate Life Cycle" is such a great read to make better sense of the strategies of companies at various life stages and how to contextualize their valuations.

Few of my fav slides ⬇️

pages.stern.nyu.edu/~adamodar/pdfi… More fav slides ⬇️

May 2021 vs May 2022 There are many ways to go about deploying your capital.

1⃣ Low cost diversified Indexing. DCA thru ups and downs. Occasional rebalancing that's well thought out. Shut out the noise and enjoy all that extra time and peace of mind.

Whenever Mr. Market gets really mad, I have a bad habit of adding small amounts to my fav existing holdings.

Added to (not recs)
$VEEV
$ABNB
$ETSY

Or as the Mkt calls them (& many other Cos) these days "Unprofitable Sh*tcos with terrible biz models, and no growth prospects". Of course, no Company is w/o issues.

$VEEV : growth is lower compared to many other SaaS, especially in core CRM. Never too cheap.

$ABNB : growth will take a hit during actual recessions. As the ADRs go higher, travelers might find Hotels more attractive in the core Urban areas