💰Data-Backed Investing Plan for 2025


Hey Reader,

Warren Buffett has expressed high regard for Howard Marks' memos. He once said, "When I see memos from Howard Marks in my mail, they're the first thing I open and read. I always learn something, and that goes double for his book."

In today's issue:

  • Data-backed plan for investing in 2025
  • How to calculate "fair value."
  • Howard Mark's latest memo, always a must read
  • How to calculate ROIC and WACC, a tutorial
  • Much more.....

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💎NUGGETS

My Favorite Finds

Brian Feroldi breaks down how he will set up his investing plan for 2025. As always, tons of great ideas and suggestions.

Geoff Gannon shows us how to think about getting to a "fair value" for a company.

Howard Marks dishes on his thoughts on the latest "bubble watch." If Warren Buffett says to read Mark's Memos, who am I to disagree?

Great advice on building an emergency fund from Safal Niveshak. It's not sexy, but it's great foundational advice from a smart guy.

Great explainer on the capital cycle and AI. Helps explain why the "big boys" are spending big money on building out for AI.

Looking for some good reading, check out Michael Mauboussin's writing from 2017 - 2020. You're welcome.



📖Knowledge Tidbits

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Value Spotlight (Andrew Sather)
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10:6 AM • Sep 9, 2024
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Go out there and invest with a margin of safety, emphasis on the safety,


Dave Ahern
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