Value Theory

I Used to Struggle to Read Annual Reports Until I discovered this 6-step process From "The Dean of Valuation" Aswath Damodaran On what to look for and why, when trying to value a company Here it is: 🧵

Warren Buffett: "The best moat you can have is your own talent. Inflation can't take it from you. Taxes can't take it from you." "Develop the habits of success [by looking] around you at the people who you admire."

BUFFETT: Some businesses are a lot easier to understand than others. Charlie and I don't like difficult problems. We'd rather multiply by 3 than by pi. MUNGER: You don't have to hire out your thinking if you keep it simple.

YouTube now owns 12.5% of all U.S. TV viewing time - more than any other distributor. 1B+ hours are watched daily on YouTube, surpassing Disney across broadcast, cable, and streaming. No studios. No soundstages. No scripts. Just total living room dominance. $GOOGL

Been working on creating a table of (mostly US-based) monopolies, duopolies, and oligopolies. Not everything is a perfect fit but wanted to create something to start tracking these sorts of companies. Any suggestions on stuff to add/remove/change etc? Nothing is set in stone.

Investing is easy just DCF into a broad, low-cost ETF.