1. Know the business you wish to own (Circle of Competence Tenet)
2. Business must have economic moat (Durable Competitive Advantage Tenet)
3. Management must be hardworking, intelligent and above all, honest (Integrity Tenet)
4. Buy at fair price (Quantitative Margin of Safety Tenet)
Qualitative Margin of Safety Tenets = 1 + 2 + 3
Qualitative Margin of Safety first, then Quantitative Margin of Safety.
- A Wonderful Company to Invest for the Long Term (Screen 10)...
- A Wonderful Company to Invest for the Long Term (Screen 9)...
- A Wonderful Company to Invest for the Long Term (Screen 8)...
- The Growth has slowed in this company (Screen 7)
- A Wonderful Company to Invest for the Long Term (Screen 6)...
- A Wonderful Company to Invest for the Long Term (Screen 5)...
- A Wonderful Company to Invest for the Long Term (Screeen 4)...
- A Wonderful Company to Invest for the Long Term (Screen 3)...
- A Wonderful Company to Invest for the Long Term (Screen 2)...
- A Wonderful Company to Invest for the Long Term (Screen 1)...
It is better to buy a wonderful company at fair price than to buy a fair company at wonderful price.
When do you sell a wonderful company? Almost never.
calvintaneng
I like wonderful companies.
I like to search and find them more BEFORE they turn wonderful.
Public Finance was a wonderful company at Rm2.20 long ago. Today Public Bank is well known.
I like TASEK, LAFARGE & CMSB When they were penny stocks. Today all are blue chips
And since they are SO WONDERFUL TODAY THEY ARE NO LONGER CHEAP ANY MORE.
The secret is to find "other good wonderful companies" still in their embryonic stage.
2016-04-07 20:43