New to VP - How to make the most of VP Learning Base

[Donald]

Most of our distilled practical learnings are captured here.
You can explore on your own, but here are some of the most appreciated.

Hall of Fame

The ART of Valuation

I have been meaning to capture the next phase of refinement for our Capital Allocation Framework based on our learnings from 2011 onwards. It’s a tough ask! Several of you have egged me on to try and put together our incremental learnings in a way that is meaningful and useful for the community. Ever since that fateful discussion and consequent starting of the ValuePickr Public Portfolio and Scorecard, we have been sticking our neck out! We made certain choices consciously on the way dropping s…

ValuePickr Public Portfolio

To drive home the importance of proper capital allocation, we thought best to start from homeground! A first look at how our stock picks have done over the last year or so. Please help analyse reasons for the hits & the misses. That will lead us all to becoming better Capital Allocators!! - Time for another thread:) Informal ValuePickr Scorecard Stock Initiation Reccomendation Lowest level Highest Level CMP A…

Towards a Capital Allocation Framework!

Ever since the astute senior investor (Mr D) brought my attention to it, I have been trying to refine my thoughts on the subject and create my own models. They have reached some shape and structure - that I feel confident of sharing the outcome with all fellow-learners. This is NOT a complete model but rather in the nature of a Work-in-Progress document. While one senior pointed me to it and helps me with refinements, another (Mr M) helped me tremendously in creating the model(s). Both of them…

Learning

Business Quality: Refining our thinking on "Great Businesses"

Delighted to present VP Business Quality Insights. Something we promised when we made a good start with the VP Management Quality Insights presentation, last December. Capturing that ART form that we see imprinted in the refinements that senior investors bring to business quality thinking/dissection however,proved to be a tough ask - much tougher than we anticipated. We struggled and laboured over this for over 2 months, sometimes making very little progress for days. But happy that we persist…

Management Quality: Refining our thinking on "Great Managements"

Hi Guys, Long time! been busy with this n that Attaching a presentation made to a small private investors club in Bangalore. Most of them are senior investors and prefer not to meet Management; they wanted to hear the other side of the story, knowing I belong to the other camp! Happy to say - all of them are Converts! They say they do see the merit in what we are doing at VP & how. Thought this should be useful for passionate Learners at ValuePickr as also for senior practition…

Forensics and the art of triangulation

I have been passionate about unearthing inferences from the obvious that are in plainsight for a really long time. Like sherlock holmes or newton, everything is in plain sight - it’s just a lot of us refuse to connect the dots to infer the obvious. Some of these are so obvious when someone states them in hindsight that you kick yourself on why you could not get it earlier. In a raging bull market, a lot of this might sound like preaching celibacy in a harem but I have found out that eventually,…

In addition the Management Q&As and Stock Stories are the best practical education we ever had. The above (hall of fame and learning) sections wouldn’t have come about as crisply perhaps had we not attempted these extensive Q&As with Management.

Management Q&A (make sure to click on the “Older posts” link at bottom)

Stock Stories (concise 1-pager on the business, scroll down from the top)