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One Up On Wall Street SUMMARY Conclusion Chapter 20 – 50,000 Frenchmen Can Be Wrong

The market, like individual stocks, can move in the opposite direction of the fundamentals over the short term Be optimistic about America and investing in general Market declines are great opportunities to buy stocks in companies that you like You can never predict the market It takes years, not months to produce big results You can make serious money by compounding a series of 20-30 percent gains in Stalwarts Stock prices often move in opposite direction but the long term, the direct and sustainability of profits will prevail Buying a company just because its cheap is a losing strategy Selling an outstanding fast grower because its stock slights overpriced is a losing technique You don’t lose anything by not owning a successful stock Stock doesn’t know that you own it Don’t be attached to a winner Don’t stop monitoring the story If you don’t think you can beat the market then buy a mutual fund Keep an open mind to new ideas Read One Up On Wall Street by Peter Lynch Chapter 19 full su...
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The Dhandho Investor SUMMARY Chapter 8 Dhandho 201: Invest in Distressed Businesses in Distressed In

Trying to figure out the variance between prices and underlying intrinsic value is usually waste of time. Markets aren’t fully efficient because humans control it’s auction-driven pricing mechanism. Fear will drop the price and greed will escalate it. The price at which Mr. Market (a creation of Benjamin Graham) buys or sells is determined by his mood. Papa Patel, Manilal and Mittal all made their fortunes by fixating on buying distressed businesses. The sources for distressed businesses:

1. Headline stories about publicly traded businesses.

2. Value Line publishes a weekly summary of stocks that have lost the most value in the preceding 13 weeks. The ones with the largest drops are likely the most distressed.

3. Portfolio Reports at www.portfolioreports.com publishes monthly 10 most recent stock purchases by 80 of the top value managers. Distressed situations are a subset of value investing so some of their investments fall into that.

4. Look directly at public filings SEC, Form 13-F

5. Value Investors Club – 250 members approved are required to post at least two ideas a year or lose membership also if the idea is lousy.

6. Read The Little Book That Beats The Market by Joel Greenblatt and visit www.magicformulainvesting.com

Eliminate all businesses that are not simple or out of your circle of competence.

Watch The Dhandho Investor Chapter 7 full summary here 👇:
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Read The Dhandho Investor Chapter 7 full summary here 👇:
https://mysweetluck.blogspot.com/2019/08/the-dhandho-investor-summary-chapter-7.html

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