Finding Compounders
@F_Compounders
Life Long Learning
Jeff Bezos lays down Amazon’s fundamental management and decision making approach in his 1997 shareholder letter :
Michael Burry’s investment strategy Source:@marketplunger1
The Forgotten Lessons of 2008 by Seth Klarman of Baupost Group.
Christopher Davis Recognize that historically, period of low returns for stocks have been followed by periods of higher returns
Ron Barron’s Dec 2021 Quarterly report - During inflation, Goodwill is the gift that keeps on giving - Chuck Mathewson of IGT -Buffett selling him on owning a Net Jets time share
Sam Walton states the major contributor to Walmart’s success.
Dev Kantesarai runs Valley Forge Capital Management which has approx. $2bn AUM Here is an interview he did with Value Investor Insight in 2021. He also goes into his Fair Isaac( $FICO ) position
In Fundsmith’s 2022 Annual letter, Terry Smith explains why having a low investment turnover is important.
“Rule 1: The customer is always right, Rule 2: If the customer happens to be wrong, refer to Rule 1”- Sam Walton
How management should think about Capital Allocation Source: @ashishkila
How Warren Buffett’s former Financial Assistant to the Chairman, Tracy Britt Cool, thinks about Capital allocation
An article on Rakesh Jhunjhunwala. “His investment strategy involved finding good companies with a scalable business model and good management.”
Warren Buffett : “I spend more time looking at balance sheets than I do income statements” “There are certain things that are harder to hide or play games with on the balance sheet”