The Ten Commandments of Investment Management
Distinguished Speaker Series Applied Fundamental Analysis & Worldly Value investing Professor Arvind Navaratnam (00:00:00) - Introduction (00:02:13) - Thou shall not skim off the top (00:04:11) - Thou shall not have an investing team (00:05:20) - Thou shall accept that thou shall be wrong at least 1/3 of the time (00:07:06) - Thou shall look for hidden P/E of 1 stocks (00:13:13) - Thou shall never use Excel (00:21:21) - Thou shall always hope a rope to climb out of the deepest well (00:27:43) - Thou shall be singularly focused like Arjuna (00:31:32) - Thou shall never short (00:32:50) - Thou shall not be leveraged. Neither a lender nor a borrower be (00:36:28) - Thou shall be shameless cloner (00:37:12) - Where to look for investment ideas (00:40:51) - Temperament during financial crises (00:43:53) - Always have a rope on hand (00:49:07) - Investment in Google (00:52:12) - Judging Management Teams & Satyam Scam (00:55:28) - Sergio Marchionne (01:00:36) - Currency risk in international markets (01:07:52) - Investing in Distressed companies (01:09:33) - Competitive Moats that turn out to be an illusion (01:16:02) - Kelly formula (01:17:17) - Circle of Competence (01:19:30) - Shameless Cloning (01:20:04) - Zero Fee Structure (01:24:03) - Investing in Protected Moats (01:26:41) - When to sell an investment (01:30:39) - Personal trails that contribute to a manager’s success