Daniel Bakalarz
Rivalry can take a variety of forms: price competition, advertising, new product introductions, and increased customer service.
from Understanding Michael Porter: The Essential Guide to Competition and Strategy by Joan Magretta
- I’ve always basically believed that values are only useful if you can legitimately disagree with them. I’ve always thought values like “be honest,” are not that helpful, because of course you have to be honest.
from The Tim Ferriss Show Transcripts: Mark Zuckerberg on Long-Term Strategy, Business and Parenting Principles, Personal Energy Management, Building the Metaverse, Seeking Awe, the Role of Religion, Solving Deep Technical Challenges (e.g., AR), and More (#582) by Mark Zuckerberg
- 9. Position sizing (maximizing the payoff from edge).
from Reflections on the Ten Attributes of Great Investors by Dan Callahan
- the ability of accounting numbers to represent economic value is severely limited. Next, he emphasized that competitive strategy analysis and valuation should be joined at the hip. The litmus test of a successful strategy is that it creates value, and you can’t properly value a company without a thoughtful assessment of its compet... See more
from Reflections on the Ten Attributes of Great Investors by Dan Callahan
Reflections on the Ten Attributes of Great Investors
24 highlights
- Is the Graham and Dodd “look for values with a significant margin of safety relative to prices”approach to security analysis out of date? Many of the professors who write textbooks todaysay yes.Well, maybe. But I want to present to you a group of investors who have, year in and yearout, beaten the Standard & Poor’s 500 stock index.
from The Superinvestors of Graham-and-Doddsville by Warren Buffett
- There are three steps in estimating MEROI in practice. First, you create a discounted cash flow model thatreflects the expectations embedded in the company’s stock price.8 Second, you calculate the present value of investments discounted at the cost of capital. And finally, you solve for the breakeven rate that equates the present value... See more
from Market-Expected Return on Investment Bridging Accounting and Valuation by Morgan Stanley
Michael Porter has a name for this syndrome. He calls it competition to be the best. It is, he will tell you, absolutely the wrong way to think about competition. If you start out with this flawed idea of how competition works, it will lead you inevitably to a flawed strategy. And that will lead to mediocre performance.
from Understanding Michael Porter: The Essential Guide to Competition and Strategy by Joan Magretta
- 3. Properly assess strategy (or how a business makes money).
from Reflections on the Ten Attributes of Great Investors by Dan Callahan