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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One camp says: Despite how amazing the management is, the industry and business model comes first and foremost. Because if the business operates in a cyclical industry or a very competitive industry, no matter how good the management is, he or she is unable to overcome the inherent problems with the industry. However, I do…
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As I was searching to understand how value investing could bring success to different people, I chanced upon this book. I thought it would be a good way to understand more about how value investor invest in UK. Is it any different from USA or Asian investors? You can check out the book over at…
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1) Don’t focus predominantly on return, focus on risk first. The real pain occurs on the downside. When your portfolio is down by 50% you stare into an abyss and wonder if you are going to lose it all. Focus on multiple scenarios. What can go wrong? How much can you lose? Always be prepared for…
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