04# 5 Investing Resources for value investors
5 Investing resources worth sharing this week
Hey everyone,
Here are 5 resources I studied this week.
On each content, I have created notes with the key concepts.
📖Feel free to save it in your Second Brain.
1. Poor Charlie’s Almanack
This is the book that I’m reading, "Poor Charlie's Almanack" is a collection of speeches and essays by Charles T. Munger, which offer insights into his philosophy on life, business, and investing.
3 Key concepts :
Berkshire's Acquisition Strategy
Two-thirds of acquisitions don't work. Ours work because we don't try to do acquisitions - we wait for no-brainers.
Charlie Munger
The art of say "No"
Charlie realizes that it is difficult to find something that is really good. So, if you say 'No' ninety percent of the time, you're not mising much in the world.
Otis Booth
Benjamin Franklin success is due to:
His appetite for hard work
His insatiable curiosity and patient demeanor.
Preparation
Patience
Discipline
Objectivity
2. How to analyze a 10-K ?
Here is my Mind map of @QCompounding thread. That’s allow me to sum-up content visually.
Feel Free to save it.
3. Here are 6 investment frameworks you should know
Another great thread of @QCompounding. He lists 6 investment tenets from the greatest investors.
Peter Lynch
Charlie Munger
Warren Buffet
Mohnish Pabrai
Philip Fisher
François Rochon
4. Everything is a DCF model by Michael J. Mauboussin
In this article, we learn the advantages and disadvantages of the different valuation methods. (DCF, Relative valuation)
And also for which type of investor this approach can work
Lessons learned :
1. The price is terribly attracted by the intrinsic value of the company.
2. The objective is therefore to buy a company below its intrinsic value.
3. In the private and public markets, the value is always to determine the future cash flows. So everything is about DCF model
All my learnings here
5. Let's Understand Stock Market through Visual Handcrafted Notes
Visual help me to understand,
Here are 18 visuals to understand stock market.
Thanks for reading.
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The arts of invests,