Phenomenal article/compilation on "The Biggest Mistakes Investors Make". h/t @manualofideas @JMihaljevic 👏
cc: @dmuthuk @Gautam__Baid @saxena_puru
My fav pts in the thread below
More from Ram Bhupatiraju
🔟of my principles at the end.
⬇️⬇️
1⃣ Buffett : Gotta start with the🐐
https://t.co/RKO4BAMbpT
2⃣ Ensemble Capital : @IntrinsicInv @ToddWenning
https://t.co/6Cozku3Vmn
3⃣ Fundsmith : Terry Smith
https://t.co/WqBHvN4RiU
4⃣ Silver Ring Value Partners : Gary Mishuris
https://t.co/hjDC2VBIum
For any Learning machines out there, here are a list of my fav online investing resources. Feel free to add yours.
Let's dive in.
⬇️⬇️⬇️
Investing Services
✔️ @themotleyfool - @TMFStockAdvisor & @TMFRuleBreakers services
✔️ @7investing
✔️ @investing_city
https://t.co/9aUK1Tclw4
✔️ @MorningstarInc Premium
✔️ @SeekingAlpha Marketplaces (Check your area of interest, Free trials, Quality, track record...)
General Finance/Investing
✔️ @morganhousel
https://t.co/f1joTRaG55
✔️ @dollarsanddata
https://t.co/Mj1owkzRc8
✔️ @awealthofcs
https://t.co/y81KHfh8cn
✔️ @iancassel
https://t.co/KEMTBHa8Qk
✔️ @InvestorAmnesia
https://t.co/zFL3H2dk6s
✔️
Tech focused
✔️ @stratechery
https://t.co/VsNwRStY9C
✔️ @bgurley
https://t.co/NKXGtaB6HQ
✔️ @CBinsights
https://t.co/H77hNp2X5R
✔️ @benedictevans
https://t.co/nyOlasCY1o
✔️
Tech Deep dives
✔️ @StackInvesting
https://t.co/WQ1yBYzT2m
✔️ @hhhypergrowth
https://t.co/kcLKITRLz1
✔️ @Beth_Kindig
https://t.co/CjhLRdP7Rh
✔️ @SeifelCapital
https://t.co/CXXG5PY0xX
✔️ @borrowed_ideas
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
More from Investing
Look for the following:
1. PE < 15
2. Low debt
3. Low Float
4. No Analyst Coverage
5. High Promoter Holding
6. Recent Promoter Buying
7. High Operating Leverage
8. Conservative Management
9. Blockbuster Earnings Release
What more you should look at?
Read this post, the quote retweets to this and the
Things I look at before Investing:
— The Disciplined Investor (@Disciplined_Inv) August 27, 2021
Profitable \u2013 Free Cash Flow
Healthy \u2013 Interest Coverage
Quality \u2013 ROCE, ROA, Margins
Valuation \u2013 EV/EBITDA, FCF Yield
Governance \u2013 Dividend, Buybacks
Efficiency \u2013 Cash Conversion Cycle
Growth \u2013 Source of Funds for CAPEX
What do you look at?
Rather, I learned 10x more about investing from Twitter University.
🧵 Here are 5 threads from world-class Fintwitters.
What you learn: Build an investing checklist.
From: @BrianFeroldi, writer at Motley
1/ How to create an investment checklist (thread)
— Brian Feroldi (@BrianFeroldi) December 8, 2020
Checklists are an amazing, FREE, underutilized investing tool
Here's the step-by-step process for how to create your own
\u2b07\ufe0f\u2b07\ufe0f\u2b07\ufe0f\u2b07\ufe0f\u2b07\ufe0f\u2b07\ufe0f\u2b07\ufe0f\u2b07\ufe0f\u2b07\ufe0f
What you learn: Read 10Ks like a Hedge Fund
From: @FabiusMercurius
\U0001f9d0How to Read 10Ks Like a Hedge Fund\U0001f9d0
— Ming Zhao (@FabiusMercurius) May 7, 2021
\u201cFundamentals don\u2019t matter anymore!\u201d I\u2019ve heard this a lot lately on Fintwit.\U0001f644
But, for those who\u2019ve diversify beyond $GME and $DOGE, here\u2019s a primer on what metrics fundamental buy-side PMs look at and why:
(real examples outlined)
\U0001f447 pic.twitter.com/tLlNRvpnDK
What you learn: Perform a DCF analysis.
From: @10kdiver
1/
— 10-K Diver (@10kdiver) August 8, 2020
Get a cup of coffee.
In this thread, I'll show you how to do a DCF analysis.
For those unfamiliar, DCF = Discounted Cash Flow.
What you learn: When to sell your stocks
From: @borrowed_ideas, founder at
You May Also Like
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.