It’s #QualityTuesday!
In this series, I’ll teach you 5 things about the stock market in less than 5 minutes.
I struggled reading annual reports.
You know what was a game changer? The 6-step framework of Aswath Damodaran.
You can steal it here:
Capital allocation is the most important task of management.
Here are 3 metrics you should know:
Do you use a stop loss on the companies you own?
Walter Schloss doesn’t. He says that when a stocks he owns goes down, he wants to buy more of it.
“I never put a stop loss on my holdings because if I like a stock in the first place, I like it more if it goes down.”- Walter Schloss
Charlie Munger will forever be missed.
His wisdom will continue to live within millions of investors.
I made a thread with 7 things I learned from Charlie:
Read the thread with Munger wisdom
Partners get a weekly update on the investable universe of Compounding Quality (139 companies).
Here are the 10 Quality Companies within the list that created the most shareholder value over the past 15 years:
That’s it for today.
Whenever you’re ready, here’s how I can help you:
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is there a demo/example of reading annual report using the distilled knowledge cheatsheet?