America's finance in one chart
Source: Michel A.Arouet
5 types of powerful moats:
🏰 INTANGIBLE ASSETS: Example: Brand, Patents, Copyrights 🏰 SWITCHING COSTS: It would be expensive in terms of cost, time, or training, to switch to an alternative provider. 🏰 NETWORK EFFECT: A network becomes more powerful as more users join. 🏰 COST ADVANTAGE: A company can produce a product or service at a lower internal cost than competitors. 🏰 EFFICIENT SCALE: A company's buying power or market position allows it to dominate its category. by Brian Feroldi / Morningstar
CASH IS KING...
Where investors have put their #cash this year (hint: NOT stocks) via Goldman
The History of the stock market is the history of forgetting!
Source: Investment Books (Dhaval)
US government spending increased 9% over the last year while tax receipts declined 8%. What a luxury...
Source: Charlie Bilello
Out of 28,114 publicly-listed U.S. companies analyzed over the last century, the 25 best stocks have created nearly a third of all shareholder wealth
Put another way, as Visual Capitalist detail below, just 0.1% of stocks have added over $17.6 trillion to investors’ wallets. This graphic, using data from Henrik Bessembinder of Arizona State University, show the best stocks of the last century.
Nalanda Capital's approach to investing
Source: What I learned about investing from Darwin by Pulak Prasad Illustration: Vishal Khandelval
Financial Shenanigans 101
“More money, it has been noted, has been stolen with the point of a pen than at the point of a gun.” - Warren Buffett Source: Vishal Khandelwal
