Hey Reader, In today's issue:
💸Sponsored by: Help The IFB Podcast team by filling out our survey to enter the chance to win a $100 Amazon gift card. We always try to improve the listening experience of the podcast, from the content covered to the advertisers we work with. Learning more about what you value as our subscribers will help us achieve this. We thank you for your continued support and eagerness always to learn. Survey Link —> IFB Survey 💎NUGGETS My Favorite Finds 📖 Aswath Damodaran's class slides teaching a DCF. If you want to start valuing companies, start here. He has said all investors at any level can use a DCF. 📖 Everything is a DCF model from Michael Mauboussin, the other goat of valuation. 📖 How to use multiples to value companies, including the good, bad, and link to fundamentals. 🎥 If you're a visual learner, here is a great valuation video from Brian Feroldi. 📖 A great primer on a wide range of valuation methods from our friend, Thomas Chua. 📖 Joel Greenblatt Columbia lecture class notes. Here he breaks down how to do "good valuation work." 🔍Question of the Week
📖Knowledge Tidbits
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Hey Reader,Did you know as of 2024, stablecoins have grown to represent approximately 1% of the total US dollar supply, up from just 0.63% at the beginning of 2024. This massive scale puts the stablecoin market at over $200 billion, making it a significant component of the global monetary system. In today's issue: Genius bill passed into law, what's next for stablecoins? Collection of Leandro's free articles, one of my favorite thinkers and writers. Great video of Joel Greenblatt dropping all...
Hey Reader,Did you know that before becoming a successful investor, Mohnish Pabrai bootstrapped his IT consulting company TransTech in 1991 with just $30,000 from his 401(k) and $70,000 from credit card debt. He later sold this company for $20 million in 2000. In today's issue: The math behind Buffett's position sizing, the answer surprise me. Where do tech returns come from and how will they look in the future? Breakdown of how to analyze an income statement visually. Much more........
Hey Reader,Terry Smith of Fundsmith believes that owning a great business that can compound its value over many years is far more beneficial than buying a mediocre company at a cheap price. He often quotes Warren Buffett: "It is better to own a great company at a fair price than a fair company at a great price," because the great business is a "gift that can keep on giving" long after a cheap stock has simply reached its fair value. In today's issue: How to estimate growth in a DCF with...