We have opened atleast 3 threads for identifying "Failure Patterns". These are Lessons from Corp Misadventures, Lessons from Corporate Fraud, and Investor Checklists. And these are for helping us AVOID mistakes.
But Avoiding mistakes does not make us a super investor. It probably makes us little better investors than the run-of-the-mill crowd.
As I see it, Investor Edges come incrementally
1). Make sure to AVOID mistakes - by identifying and incorporating as many failure patterns into your Mental Models, or investing decision making process. And, then
2). Identify "Success Patterns" (of Businesses)
There are many ways of looking at Success Patterns. Some of these we have discussed and documented in our Capital Allocation Framework thread.
Another way of identifying success patterns could be - If we can identify what is in the DNA of this company that will make it successful, or supremely successful.
When I start thing on this pattern - a few example immediately spring up in my mind. And I am sure the community will throw up many more examples:)
Time for a Success Patterns thread.