Work with a personal investment philosophy & related investment process.
Risk is very relevant and needs more attention before considering returns.
I should not take risk not worth taking.
Investments is about multi decade horizon...
Absolute compounding works like magic. Its real genius is back loaded.
Entry valuation defines your potential returns.
Management is everything. Integrity is a hard criteria.
Business model and one's ability to assess it's sustainability defines future returns.
ROE MATTERS & works like an x-ray on the quality of the business.
Sustainable growth is rarer than one thinks.
Outstanding opportunities are rare but still out there. They are often hidden in plain sight.
Ability to say No is more important than Yes. Use your common sense to analyze companies.
I have the luxury to invest only when all stars align for me.
Be open & receptive. Read, learn, assess, analyze everyday.
I am certain to make mistakes (hopefully not the same ones)- I need to continue to learn from them & avoid the big ones.
I will not get all the outstanding companies - I need to accept it.
By writing down my thesis I avoid delusional behaviour.
Enjoy the process & also life outside investments.
Investing is simple but not easy! (WB)
Edited by deepinsight - 16/Jan/2010 at 11:51am
Active Topics
Memberlist
Calendar
Search
Help
Register
Login
IP Logged
