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Showing posts with label pat dorsey. Show all posts
Showing posts with label pat dorsey. Show all posts
Sunday 9 October 2016

Investing in economic moats. A lot of investors wasted time on margin of safety and suffered a large opportunity cost.

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Overestimating and Underestimating an Economic Moat For those who invest into economic moats, be mindful of two possibilities. 1.   Ove...

Investing in Economic Moats

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High profits attract attention which makes more people invest. As a result,the profit of companies decreases over time for most of the co...

Advantages of Moats. Moats matter a lot as it adds to the intrinsic value of the company.

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Advantages of Moats Moats can buffer the mistakes of management and save the business from complete disaster because the business was ...
Wednesday 20 July 2016

A Guided Tour of the Market 13

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Utilities [...] utilities that provide electric service dominate the ranks of the publicly traded companies in the utilities sector. The...

A Guided Tour of the Market 12

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Energy Although energy can be harvested from myriad sources – coal, nuclear, hydroelectric, wind, solar – nothing can come close to chal...

A Guided Tour of the Market 11

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Industrial Materials The industrial materials sector includes a broad array of companies, which make everything from the fragrances used...

A Guided Tour of the Market 10

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Consumer Goods The consumer goods sector is composed of industries such as food, beverages, household and personal products, and tobacco...

A Guided Tour of the Market 9

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Telecom The telecom sector is filled with the kinds of companies we love to hate: They earn mediocre (and declining) returns on capital,...

A Guided Tour of the Market 8

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Media Media companies generate cash by producing or delivering a message to the public . The message, or content, can take several shape...

A Guided Tour of the Market 7

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Hardware The environment in the hardware sector makes it fiendishly difficult to build a sustainable competitive advantage because techn...

A Guided Tour of the Market 6

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Software Because technology buyers are inherently conservative and loath to buy products from a vendor that might go out of business and...

A Guided Tour of the Market 5

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Asset Management and Insurance With huge margins and constant streams of fee income, asset managers are perennial profit machines . Ho...

A Guided Tour of the Market 4

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Banks [...] the heart and soul of banking is centered on one thing: risk management. Banks accept three types of risk: (1) credit, (2) ...

A Guided Tour of the Market 3

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Business Services Because the business services sector is so varied, we divide it into three major subsectors based on how companies se...
Tuesday 19 July 2016

A Guided Tour of the Market 2

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Consumer Services The only way a retailer can earn a wide economic moat is by doing something that keeps consumers shopping at its stor...

A Guided Tour of the Market 1

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Over the long haul, a big part of successful investing is building a mental database of companies and industries on which you can draw as...

The Five Rules for Successful Stock Investing 12

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The 10-Minute Test With literally thousands of companies available to invest in, one of the toughest challenges for any investor is fig...

The Five Rules for Successful Stock Investing 11

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Valuation – Intrinsic Value The value of a stock is equal to the present value of its future cash flows. Companies create economic v...

The Five Rules for Successful Stock Investing 10

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Valuation – The Basics Even the most wonderful business is a poor investment if purchased for too high a price. To invest successfully m...

The Five Rules for Successful Stock Investing 9

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Avoiding Financial Fakery Over time, increases in a company's cash flow from operations should roughly track increases in net income...