The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series)
by Gautam Baid
added by Moi Jamri and · updated 13h ago
by Gautam Baid
added by Moi Jamri and · updated 13h ago
Avoid availability bias by asking, “Is this expenditure likely to result in a sustainable rise in economic earnings in the future?”
sari added 6mo ago
Poor Charlie’s Almanack,
sari added 6mo ago
What is the normalized earning power of the business?
sari added 6mo ago
Investing Between the Lines,
sari added 6mo ago
Now simply compare this with the expected returns from the other investment opportunities available to you.
sari added 6mo ago
This leads to a value of $104 million in owner earnings in year 10. Let’s assume that the market pays an average multiple of 15× on owner earnings for this type of business and that no valuation rerating or derating of the business occurs in the interim period. This gives us a market value of $1.56 billion in year 10. Compared with the current mark
... See moresari added 6mo ago
you take the best text in economics by Mankiw, he says intelligent people make decisions based on opportunity costs—in other words, it’s your alternatives that matter.
sari added 6mo ago
Investing Through the Capital Cycle, captures the essence of the capital cycle approach to investing.
sari added 6mo ago
Fisher wrote in his book Common Stocks and Uncommon Profits:
sari added 6mo ago