Introduction A business is just a structure. It is the passion and energy of its management and people that fill up the space. Otherwise, it is just a vacuum. Who forms the management is the #1 priority in my stock selection. If you were to strip investment to its core structure, it is buying a…
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This year would mark the 6th year of investing in equities. The journey was met with unexpected challenges and positive surprises. Through investing, I came to know many beautiful souls. Through investing, I found my gift of sharing. Through investing, I formed a community. Through investing, I was able to give back to the world.…
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Not every day is a sunshine day for investors. There were days where my portfolio look like crap and it is crap for 1 – 2 months. Assuming I did my research, does it mean that the companies I bought are crap? Absolutely not! The markets are always filled with ups and downs. If you…
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What is P/E or EV/EBIT? Value investing is one of the ways to compound your wealth. Starting out as an investor, the common valuation metric I use is price-to-earnings-ratio (PER). This is a very simple approach of taking the “share price divided by the earnings per share”. It can be calculated using “market capitalization divided…
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Over the past few weeks, I have shifted my thinking towards companies with operating leverage coupled with network effects.
These are the notes from Adam Blum, direct download link at https://drive.google.com/file/d/1dPZt_UYnuyRbKbAiHxsJ8alMUpv_0AbF/view Here are some things that popped up in my mind: “Being the low-cost producer is a terribly important moat. Technology doesn’t always translate to the lowest cost. The technology at Geico has not brought down the cost, but its position among big companies is…
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