🏰 Investing MBA
Hi Partner 👋
Welcome to this week’s 📈 free edition 📈 of Compounding Quality. Each week we talk about the financial markets and give an update on our Portfolio.
In case you missed it:
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It’s #QualityTuesday!
In this series, you’ll learn 5 things about the stock market in less than 5 minutes.
1️⃣ Investing MBA
Do you want to give yourself an Investing MBA?
Read these 12 books:
2️⃣ CFA Cheat Sheet
A CFA is the most prestigious degree you can earn as a professional investor:
It costs around $4,000
You need to study 1,000 hours
The pass rates are less than 40%
I created a Cheat Sheet with all formulas for those who are interested:
Do you want to learn more about accounting? Grab the free e-book about Financial Statements from my friend Brian Feroldi here.
3️⃣ One simple investment quote
The highest form of wealth?
Morgan Housel summed it up beautifully: Wake up every morning and say ‘I can do whatever I want today’.
4️⃣ The Art of Quality Investing
Three weeks ago, I was in Baltimore (United States) to give a presentation about Quality Investing to Porter & Co. clients.
Porter Stansberry was so kind to allow us to share the recording.
You can rewatch it for free here:
5️⃣ Example of a Quality Company
TransDigm makes airplane parts. They sell their products mostly to the military and airlines.
They are known for making parts that are crucial but hard to replace. The company charges high prices for these parts.
Many of the products they make are found on almost all planes.
Fundamentals
Net Profit Margin: 21.8%
ROIC: 13.2%
Forward PE: 37.2x
Long-Term EPS Growth: +19.1%
Source: Finchat
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Everything In Life Compounds
Pieter (Compounding Quality)
Whenever you’re ready
That’s it for today.
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Whenever you’re ready, here’s how I can help you:
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Everything In Life Compounds
Pieter (Compounding Quality)
Book
Order your copy of The Art of Quality Investing here
Used sources
Interactive Brokers: Portfolio data and executing all transactions
Finchat: Financial data
Excellent presentation Pieter!
Pieter, it’s been a while since my last comment, and today I couldn’t resist jumping in to wholeheartedly agree with that wonderful quote from the brilliant Morgan Housel! Truly, the freedom to spend our brief lives however we choose is the greatest form of wealth.
Thank you so much for sharing the link to your presentation! I thoroughly enjoyed it and plan to watch it again.
Despite your young age, you’ve already left a meaningful mark on the world. Well done, my friend! And, as you often say: "The best is yet to come!" : )