The Five Gates: A Sequential Value-Investing Research Process
AvailableWorked example: Visa Inc. — run through all five gates
How to Build a Value Investing Watchlist: The Hunting Ground
AvailableCircle of Competence: What It Is and How to Apply It in Investing
AvailablePosition Sizing in Value Investing: How to Build a Concentrated Portfolio
AvailableHow to Write an Investment Thesis: The Seven-Slide Pitch
AvailableROIC and Owner Earnings: The Two Numbers That Reveal What a Business Is Really Worth
AvailableEconomic Moat: What It Is, the Five Types, and How to Test Whether It's Real
AvailableHow to Value a Company: The Valuation Framework
AvailableThere is no single correct valuation method.
Worked example: Hershey — a triangulated valuation
When to Sell a Stock: The Three Conditions
AvailableSell for a reason you wrote down before you bought, not for the price action in front of you.
Worked example: A position cut on price pain — the avoidable mistake