BC ALL
Saved by @SeekerHari

Excellent summary of Philip Fisher's book "Conservative Investors Sleep Well".

Plenty of great points on identifying the growth potential, managerial capability and defensiveness of a Company.

cc: @dmuthuk

 Characteristics of high quality companies with good long term prospects

✔️Lowest-cost
✔️Customer focused
✔️Effective research
✔️Strong marketing
✔️Good accounting
People factors

✔️Determination, competence and teamwork
✔️Internal development and promotion
✔️Entrepreneurial and disciplined
✔️Genuine and conscious culture
Business characteristics to grow and defend

✔️Profit margins
✔️Barriers to entry
✔️First mover advantage (& extending that Leadership)
✔️Competition and substitution
✔️Economic moats
Few of my fav pts from the article. Not every Company will have all these traits, but the more the better.
✔️A low break-even mark will allow the company to navigate depressed markets and improve its market share and price position when weaker competitors fall out. An above average profit margin allows the company to sustain growth at lower dilution risk to existing shareholders.
✔️The customer focused firm is able to recognize and react to changes in customer needs. This should lead to new products that can offset maturing or obsolete lines.
✔️Even nontechnical firms should have effective research capability to develop new products, improve existing products, and help services be performed in more effective and efficient ways.
✔️Effective marketing should understand what customers want and help them to understand the company’s products, all while being cost-effective in implementation. Effective marketing, gleaned from consumer research, will serve as an input into product development and research.
✔️Finance should provide early warnings to management about potential threats to profit and enable them to navigate risks and implement remedial plans as soon as possible.
✔️Look for evidence of managerial competence, teamwork, internal development, entrepreneurial spirit, investment discipline and a genuine and conscious culture.
✔️High margins tend to attract competition. The Co should endeavor to operate so efficiently, whether by scale or some supply adv, to eliminate any incentive for newcomers to enter. Co.'s with leading market share & fantastic mgmt is an attractive but rare competitive advantage.
✔️Being first, particularly in a new product market, is often just the first of many steps towards a dominant leadership position. Not many firms have the right mix of management and product to succeed with their first mover advantage.
✔️There are many layers of indirect competition such as a consumer’s budget constraint. As in any Economics 101 class will tell us, demand for most products will change when its price or relative price of direct and indirect substitutes change.
✔️It is not always easy to understand the source of a company’s competitive advantage, whether it is durable or whether it even exists at all. Nevertheless, great companies will need some edge to defend itself against competition over the long run.
Philip Fisher was way ahead of his time in analyzing Companies from the lenses of growth, R&D, efficiency of Sales/Marketing Teams, People factors...

There's plenty that modern investors can learn form him.🙏

/END

More from Ram Bhupatiraju

Ram Bhupatiraju
Ram Bhupatiraju
@RamBhupatiraju
Excellent article on Investor psychology & Market cycles based on Howard Marks' "Mastering the Market Cycle".

cc: @dmuthuk @Gautam__Baid

My fav pts 👇


continued...


Excellent pts 👇

✔️Mania and risk
"The combination of feedback loops and irrational exuberance, where newfound expectations and enthusiasm, encourages investors to bid up and rationalize extraordinary growth in asset prices.

By contrast, during periods of fear and pessimism, many face difficulties with identifying potential future value beyond the immediate-term.

An understanding of where attitudes to risk sits within the current investor psychology cycle can be a useful knowledge advantage.
INVESTING
Ram Bhupatiraju
Ram Bhupatiraju
@RamBhupatiraju
On Seeking Alpha, "Integrator" (not sure about Twitter presence) is one of my favorite authors along with
@FromValue
@andrescardenal
@EconomyApp
Bert Hochfeld
👏👏

Few of my fav articles of his.

1⃣ The 5 Elements That Make For An Outstanding

2⃣ On Lessons from Buffett.

-Seek Economic Moats in any investment
-Having an awareness of your circle of competence
-Investing for the ultra long term
-Take advantage of a bargain hiding in plain sight
-Preservation of Capital, Above

3⃣ 5 Common Mistakes In Evaluating High-Growth Companies

-It has already gone up so much.
-Fearing short interest
-Fearing future Competition
-Fearing stock dilution due to secondary offerings
-Fearing current

4⃣ Ways Investors Cheat Themselves Out Of Long-Term Wealth Creators

-This business doesn't make any money!
-Thinking that you're too late
-Stock volatility
-High Valuation
-About Voting rights
-Aversion to 'averaging

5⃣ The 5 Important Rules For Surviving A Major Economic Downturn

-Strong cash reserves
-Low debt levels
-Good cash flow generation
-An absence of secular headwinds
-Transparent and easily understood
TRADING
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Ram Bhupatiraju
Ram Bhupatiraju
@RamBhupatiraju
Morningstar's "Investing Classroom" is a phenomenal (free) resource for DIY investors.👏

Covers a lot of topics from Investing basics, Financial Statement/Ratio Analysis, Behavioral Finance, lessons from great investors...

CC: @dmuthuk @Gautam__Baid

Content from the 5 course levels 👇

Note : Not sure if you need to register as a free user to access all the content. Also not sure if the content is accessible in all the countries.


✅Article at the end "20 Stock Investing Tips". Below are my fav ones.

1. Keep It Simple
2. Have the Proper Expectations.
3. Be Prepared to Hold for a Long Time.
4. Tune Out the Noise.
5. Behave Like an

7. Watch Where You Anchor.
8. Remember that Economics Usually Trumps Management Competence.
9. Be Careful of bad Management Teams.
13. Don't Be Stubborn.
17. Look for Quality.
18. Don't Buy Without Value.
20. Think Independently.

✅Section about lessons from Peter Lynch (similar sections about Buffett, Fisher, Graham & others).
✔️Stick to What You Know
✔️Do Your Research and Set Reasonable Expectations
✔️Know the Fundamentals
✔️Ignoring Mr.
ALL
Ram Bhupatiraju
Ram Bhupatiraju
@RamBhupatiraju
Excellent 3 part series on the lessons complied from many Value Investing Books.👏

Part 1⃣: The Mindset
✔️Think like an owner
✔️Patience is the greatest virtue
✔️Mr. Market – your friend, others’ enemy
✔️Use your Rationality, not your

Part 2⃣:The Methodology
✔️Margin of safety and the quest for bargains
✔️A risk-averse philosophy and strategy
✔️Uncertainty is not risk
✔️The Dhandho Way: Heads, I win; tails, I don’t lose

Part 3⃣: The Hunt
✔️The perfect business is not necessarily a sound investment
✔️The quantitative & qualitative assessment
✔️The quest for gold (good prices for good Businesses)
✔️Fish where the fish are
✔️Be conservative & know your circle of

Value Investing is too often portrayed as just a hunt for statistical bargains. It encompasses a lot more that long-term investors can learn too - quest for quality, using the appropriate Valuation methods, patience, contrarianism, risk awareness, Volatility...
ALL
Ram Bhupatiraju
Ram Bhupatiraju
@RamBhupatiraju
Phenomenal book summaries of "The Best Investment Books Ever". h/t @Investbythebook 👏👏

cc: @dmuthuk @Gautam__Baid

I would add
@chriswmayer's 100 Baggers,
@Gautam__Baid's The Joys of Compounding and @morganhousel's The Psychology of Money
and this list would be near perfect.


Few of my favs from the list

✅Classics

✔️Common Stocks Uncommon Profits by Philip Fisher
https://t.co/E937mMZ5gH

✔️One Up On Wall Street by Peter Lynch
https://t.co/KwFObdEDvX

✔️The Intelligent Investor by Benjamin

✔️The Most Important Thing by Howard Marks
https://t.co/NSMlErGnxM

✔️The Essays of Warren Buffett by Lawrence Cunningham
https://t.co/IAdVxIn54d

✔️Poor Charlies Almanack by Charlie Munger
https://t.co/NPIXqociQQ

✔️Margin of Safety by Seth

✅Psychology

✔️Reminiscences of a Stock Operator by Edwin Lefèvre
https://t.co/RxOo45NZor

✔️The Crowd by Gustave Le Bon
https://t.co/paZKS8pQYr

✔️Thinking fast and slow by Daniel
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Anu Satheesh
Anu Satheesh
@AnuSatheesh5
Story of Thumba Poo and Shiva

Thumba poo is a tiny white flower which grows in all areas. These flowers are used for treatment for sinus. Small children who have polyps in Nose are told to crush tumbha leaves and apply in nose part.
There is an interesting story of Thumba and


Mahadeva. Thumba flowers were not taken for Shiva Pooja. Saddened to this Thumba prayed sincerely and Mahadeva appeared before her.
She was surprised that Shiva had appeared before her. Instead of saying that she wants to under his feet always, she said
@SriramKannan77


She said that her feet should be on his head. Shiva accepted her prayers. It is because of this Thumba flower is placed in the head of Shiva Linga.
Shambo Mahadeva
Om Namah Sivaye
🙏🕉🙏
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Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
AGAMA SHASTRA:THE SCIENCE BEHIND THE MARVELS OF HINDU ARCHITECTURE

Agama Shastra is a Sanskrit word that means the manual for worship, temple building, rituals etc in Hindu Tradition.From Sanskrit,agama means handed down by tradition and Shastra means a commentary or treatise.


Therefore, Agama Shastra is a collection of ideas that drafts the rules for worship, temple construction, spirituality and rituals. It has been a guideline for many Hindus from ancient times. It's a collection of Sanskrit, Tamil and Grantha scriptures that mostly contains...


...methods of temple construction, idol creation, philosophical doctrines and meditative practices. It came into being after years of assimiliation and from a variety of sources. Some parts of it are pre-vedic while some are post-vedic.


Hindu Temples are not just temples, they are the pride and identity of Hindus. They are the symbols of Hindu unity and their religious aspirations. Temples are the places of spiritual healing and are our connection with the creator almighty.


Temples are the priceless treasure of our History, Heritage ,Art & Architecture. Architecture that mesmerises and spell bounds you. And Agama Shastra is that very text which is responsible for such a mesmerising and spell binding quality and beauty of our Hindu Temples.
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Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
Stories of Guruvayurappan
Shri Krishna Leela

This is a beautiful story of Guruvayurappan. Once there lived in Guruvayur a poor family. Kitta, his wife & kids were struggling for their daily needs. With only a coconut tree in house, he earned a living by selling coconuts.


Kitta was from a low caste family. He was a great devotee of Guruvayurappan. Everyday before going to work he always prayed infront of a picture of Guruvayurappan in his house. His only wish was to worship at Guruvayur & have annadanam in temple. But he was not allowed there


It was Utsavam time in Guruvayur. From far behind kitta and family worshipped Guruvayurappan. Annadanam was given daily and no one was left empty stomach. Only Kitta didn't receive. That night, it was only Kitta's family who was sleeping without food. After temple nada closed


Shri Krishna, dressed himself as a Brahmin went to temple Kitchen. He packed food and went directly to kitta's house. Reaching Kitta's house, Shri Krishna told he was sent by a cook of Guruvayur temple and gave them the food he packed. Kitta and family was very happy seeing food.


When Kitta finished his food, Brahmin asked it will be better if he get a tender coconut( karikku)to drink. Kitta climbed the tree and gave all coconuts to him. After having 1 tender coconut, the Brahmin asked to bring remaining coconuts to Guruvayur temple the next day.
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Angela Jamison
@AnJamison
@bellingcat @buzz\_chronicles @buzz\\\_chronicles @buzz_chronicles save as category @pdfmakerapp grab @pdfmakerapp grab this @readwiseio save @readwiseio save thread @threader compile summarize @Threadreaderapp unroll please @ttttreads unroll @unrollthread.com @SaveToBookmarks
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Learn Python With Rune
@PythonWithRune
9 Python resources that will fast-track your learning

🧵👇

1️⃣ Introduction to Python Programming

✔️ Learn to solve practical problems with Python
✔️ Enhance your skill set
✔️ Boost your hirability through innovative, independent learning.

2️⃣ Introduction to Computer Science and Programming Using Python

✔️ Introduction to computer science
✔️ A tool to solve real-world analytical problems
✔️ Computational thinking and Data

3️⃣ Learn Python the HARD WAY

✔️ The Hard Way Is Easier
✔️ Learn Python through 52 exercises
✔️ Starting from

4️⃣ Python for Everybody Specialization

✔️ Learn to program
✔️ Analyze data with Python
✔️ Gather, clean, analyze, and visualize
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So, on the subject of bonkers hyperbolic pretzeling over the Bell judgement, Grace 'destroy books I don't like & make inappropriate jokes about sterilising teenage girls' Lavery has some thoughts.

Tell me why my feminism is wrong Grace.

Oh

Well, if anyone thought the Bell judgment was going to make TRAs reconsider making massively overblown claims with no evidence backed up with nothing but a thick wadge of emotional blackmail.... HAHAHA, no one thought that.


A high court in the UK made a delimited judgment about teenager's ability to consent to puberty blockers. This puts all trans people everywhere in the world at risk.

Because if any human anywhere has any thoughts that deviate in any way from the rote line dictated by

the trans rights movement, this puts all trans people everywhere in mortal danger.

Let's be honest Grace. It doesn't put trans people at risk. It puts trans ideology at risk. Because trans ideology depends on the idea of innate gender identity, and the trans child is the

necessary material evidence of the ontology of gender identity.

That is, children are being medicalised to provide evidence to underwrite adults identities.

Nothing to see here.
LAW
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The '60s at 60
@the_60s_at_60
"The MAD Primer of Bigots, Extremists and Other Loose Ends," from September 1969.

Seen a couple of these panels make the rounds from time to time, so here's the complete set of 10 (something to amuse and/or offend almost everyone).


Chapter 1: The Super Patriot


Chapter 2: The Ku Klux Klansman


Chapter 3: The American Student


Chapter 4: The Right-Wing Extremist
FUN
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Pran Katariya
Pran Katariya
@KatariyaPran
The Straddle is my favorite trade these days. But more often than not, one needs to adjust to make a good return from it. There are many ways to do this depending on your view, psychology and imagination. Will discuss a few that I use

The Straddle is a delta neutral strategy and it is important to keep deltas in check during the course of the Trade and not let them run away from you. Of course Volatility is the elephant in the room- but not going there as that will require a separate discussion

The first and most common method is to go 'inverted.' That is to say to shift the untested side to generate additional Premium and increase the runway to Breakeven. So if you start with a Straddle at 700 and price goes to 740, you can move the PE up to say 720.

How much should you move the untested side? While again this is a matter of skill, experience and artistry, the rule of thumb is to cut deltas by half. Remember, prices will move and you have to allow sufficient room for them to fluctuate

The second method is to shift the entire Straddle in the direction of the move. So if you have a 700 Straddle and Price goes to 740, you can shift the Straddle to 720. If you time this right, it can generally be done at virtually no cost or minimal cost.
ALL , OPTION SELLING , STRADDLE OPTION SELLING
Jaya_Upadhyaya
Jaya_Upadhyaya
@Jayalko1
SRISAILAM: KASHI OF THE SOUTH (AP)
#andhratemples

The divine abode of Mallikarjuna Swamy (Jyotirlinga) and Devi Brahmaramba (Shaktipeeth).

When Ganesha was married before Kartikeya, he left in anger to Kraunch mountain. Shiva and Parvati also followed him there.


Shiva assumed the form of Jyotirlinga and resided on the mountain by the name of Mallikarjuna. Mallika means Parvati while Arjuna is another name of Shiva
It is also said that once, a princess Chandravathi, saw a cow shedding milk on a rock resembling a shivlingam.
@DubeyYash1911


She started praying to the lingam daily and used to offer jasmine (mallika pushpam) daily. Pleased Shiva appeared before her and agreed to wear jasmine garland (mallika pushpmala) on his head permanently. Since then, Shiva became known as Mallikarjun Swamy.


At this place, Shakti took the form of Bhramaram (bee) to kill Arunasur and settled as Bhramaramba Devi. The place is a Shakti Peeth as the neck portion of Devi Sati fell here.

It is said that by merely seeing the hill, one is emancipated from all his sins and worries.
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Cookie Cyboid
Cookie Cyboid
@CookieCyboid
“Why are Tumblr and Facebook cracking down on sex so much? And why is Facebook in so over zealous about it? It’s all Apples fault!” Etc etc

I can explain all. It is largely the fault of a set of US laws called SESTA and FOSTA.
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