WM 24 June 2023
Quotes Stan Kroenke owns the Rams (NFL title recently), the Denver Nuggets (NBA champion) and the Avalanche (Hockey champs) Lessons & thoughts Solutions to a complex world Cut loss but run with your profit: winners keep on winning Fibonacci retracement Chart patterns Example of great stocks Trading plan Risk management Baruch advice to the young investor Life stages of a company For start-up = P/sales For hyper growth =P/sales + EV/EBITDA For self funding = EV/EBITDA + PEG For operating leverage P/E + P/BV For capital return P/BV For decline IBD momentum guideline focuses on high growth/momentum stocks Minervini Munger Buffet says Chris Hohn Charges 1.5% gives back 0.5% to charity. Delivered 19% CAGR from USD 490m in 2004 through a concentrated portfolio (can have up to 20% of his portfolio into 2 stocks) of quality growth large cap oligopolistic companies where activism can be exercised opportunistically (eg Japan Tobacco, Airbus etc). He actually used to ...