Chartered Accountant | Previously at a Big 4 | NISM Certified Research Analyst | Compounding Knowledge + Money | Slowly Steadily Surely |Joined July 2021
Aswath Damodaran is the best-known valuation professor in the world.
He has taught thousands of students at NYU and millions online.
Here are his three most important Valuation Lessons:
1. Never "Verify" Value, Find Value!
The number one valuation mistake is already having an…
The FOUNDING FATHER of Volume and Price Analysis
Richard Wyckoff
Every VPA Trader once should read about him. (Volume Price Analysis)
Wyckoff detailed three basic laws
(1/4)🧵 🧵 🧵
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2. Understand Who You Are
You’ll be more interested in some industries/topics than in others.
And in investing, you can choose in what industries you’ll look for opportunities.
Investors should use this advantage and be sure about their circle of competence.
Gratuitous advice
Don't celebrate or mourn an investment thesis based on stock price change, esp short-term but even long-term.
I said buy at 100, pops to 110, slam-dunk, told ya.
Feeling 10% smarter on this basis isn't good. I say this as one who's felt 90% dumber on this basis
Howard Marks: "It’s not what you buy, it’s what you pay. Good investing comes from buying things well, not from buying good things, and if you don’t know the difference...then you’re probably in the wrong business." From our discussion at bit.ly/3i70bZ1
If you lie awake at night, wondering and worrying about your portfolio's gyrations, you have failed the test. I can tell you honestly that I have never lost a night of sleep over my portfolio, even on its darkest days
@AswathDamodaran
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