Da Vinci

[Brad Kaellner @bkaellner]

2/

They have a good return on capital without accounting gimmicks or lots of leverage

As Charlie Munger says "Over the long term, it's hard for a stock to earn a much better return than the business which underlies it earns"

[Arimatti Alhanko @StockBrain247]

"The most successful businesses have an idea for the future that's very different from the present."

-Peter Thiel

[Gagan Biyani 🏛 @gaganbiyani]

Pain tolerance.

If you can’t handle pain, you'll unknowingly avoid it. Then, if pain stands between you and your goals, you’ll never achieve them. While it isn’t required, it is often necessary to go towards pain to succeed.

Learn to control your pain so it doesn't control you.

[Intrinsic Investing @IntrinsicInv]

Buffett: “The best results occur at companies that require minimal assets to conduct high-margin businesses – and offer goods or services that will expand their sales volume with only minor needs for additional capital.”

[Jack Altman @jaltma]

It’s sort of amazing how much someone’s career can change by being super right one time, or by connecting with the right one person, or by taking one risk that pays off.

[Vala Afshar @ValaAfshar]

“Some things torment us more than they ought;

some torment us before they ought;

and some torment us when they ought not to torment us at all.

We are in the habit of exaggerating, or imagining, or anticipating, sorrow.”

—Seneca on the antidote to anxiety

[Vala Afshar @ValaAfshar]

To stay optimistic and confident at times of uncertainty is a superpower.

[Todd Wenning @ToddWenning]

In early March ‘09, I was ready to buy some Tractor Supply. Next few days the stock surged and after months of turbulent markets I thought, “It’ll be back.” Went on to more than 10x.

If you think you’ve found a great company at a big discount, don’t get greedy.

[Ian Cassel @iancassel]

"Unless you buy a stock at the exact bottom (which is next to impossible), you will be down at some point after you make every investment. Your success entirely depends on how dispassionate you are towards short term stock price fluctuations. Behavior matters."

– Joel Greenblatt

[Ian Cassel @iancassel]

The longer I invest the more I realize you get 1-2 really great opportunities every few years. The rest of the time is spent wondering if you will ever get another great opportunity again and convincing yourself to own mediocre opportunities while you wait.

[Andrew Kuhn @FocusedCompound]

Peter Lynch on his biggest mistake as an investor and a story about Warren Buffett randomly calling him in 1989

So good

[Ian Cassel @iancassel]

If you can't find 4-5-6 stocks that are great opportunities you're being lazy.

[Oliver ೫ @oliverhamrin]

The Three-Legged Stool; checklistan som Akre Capital Management använder för att hitta det Chuck kallar "Compounding Machines".

[Oliver ೫ @oliverhamrin]

Jeff Bezos om höga vinstmarginaler VS uthållig hög FCF per aktie.

"Investors can't spend percentage margins"

[Oliver ೫ @oliverhamrin]

Munger underpresterade både Dow Jones och S&P 500 under 4 av hans 14 år (nästan var tredje år) som Partnership manager. Trots detta var hans Total Return +1157% vs ~100% - mycket tack vare lång placeringshorisont & hög volatilitetstolerans.

Fintwit mäter avkastning per vecka..👀

[Oliver ೫ @oliverhamrin]

@gibbtrader @Borsdata Sure! Krävs såklart mer än detta för en fullständig analys dock, men idag får det räcka: