Weekend Bulletin - 20 Jan'23 : Ed. 121
Weekend Bulletin - 20 Jan'23 : Ed. 121
A compilation of few interesting, multi-disciplinary links from the internet
“I think too often, young analysts believe that the goal of an analyst is to demonstrate how much they know about a company and build a perfect earnings model. I don't think I've ever seen an analyst model their way to a great stock idea! I view the goal of the analyst as developing conviction that the consensus is wrong about something important. Then their job is to communicate why they believe they are correct and the consensus is wrong and to compute the valuation impact. Once we own a stock, their job is to actively monitor new information to assess if their view or the consensus view is coming to fruition. There are a lot of important areas the consensus can be wrong: management quality, business quality, long-term potential differing from current results, valuable non-earning assets, and so on. To make excess profits, you need to hold a nonconsensus view and be right.” —Bill Nygren
For more book quotes, follow #FCBookexcerpt every Tue on our Linkedin page here
I participated in a twitter spaces session on Special Situation Investing with Accidental Investor last week, recording of which can be accessed here
I conducted session with ET markets stream on the same topic. A presentation was followed by Q&A here
For investing with us, refer details here and here.
Section 1 - Investing & Personal Finance
The process of judging an investment process - by Ben Carlson [LINK]
FOMO: The worst financial trait - by Morgan Housel [LINK]
Section 2 - Economic Trends & Themes
Does GDP Growth auto translate to equity returns? - by Harish Krishnan [LINK]
Japan is the most important risk in the world - by Jim Grant [LINK]
Section 3 - Personality study & Development
The paradox of goals - by Anne-Laure Le Cunff [LINK]
Science of why you have great ideas in the shower? [LINK]
Section 4 - Business History & management
Learning from Discount Tire's Bruce Halle [LINK]
How Mcdonald’s won big in Russia and then lost it all [LINK]
Section 5 - Sports, literature & Entertainment
What it takes to be a Chess mom? [LINK]
25 years of CID, Sony’s TV show [LINK]
For more OTT and Book recommendations every weekend, follow #FCOTTReco and #FCBookReco on our Twitter page here
Subscribe (free) to #AKGweeklycharts here [released every Monday morning]
Connect on various social media platforms here
Discussion on Budget-2023 for FMCG views with Biztak here
That's it for me. Have a great weekend ahead!
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The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated on this newsletter