I have always been fascinated by the idea of a PhD. in Value Investing.
I am starting a thread and outlining a process that I feel is no short of a PhD.
I welcome comments and feedback on same.
Books to Read.
- Seeking Wisdom
- Skin In The Game
- This Will Make You Smarter
- The Black Swan
- The Little Book That Builds Wealth
- Security Analysis
- Poor Charlie’s Almanack
- The Warren Buffet Way
- Little Book Of Valuation
- A Masterclass with Super Investors
- Essay’s of Warren Buffet: Lessons for Corporate America
- One Up on Wall Street
- Margin of Safety
- Intelligent Investor
- The Joy’s of Compounding
Opening a Demat Account
- Buy 1 share each of 50 stocks.
- These should only be companies you love. No company should be a recommendation of your friend, relative, broker or any analyst or advisor.
- Whatever the outcome, they are not to be sold for 5 years. This is how long it takes to get a PhD.
- Learn Fundamental Analysis, Ratio Analysis, Financial Shenanigans on the go and analyze every document these companies produce for the exchanges and the public.
- Learn from your mistakes over the 5 years and laugh at the errors and carefully note them down. You are still in school
- Double-check your winners and see if it was luck, patience or calculative investing.
- Noone can win overnight. But over time, towards the completion of your Phd, you will be able to get a grasp of your circle of competence.
Addition Things to Do Over the 5 Years
- One can invest the corpus in debt and index funds in the ratio of his/her risk profile for the five years while the course is being completed.
- One can also learn financial modeling, and if has time, can also give exams for CFA & FRM in alteration.
- One can attend Prof. Damodaran’s free courses on Valuation, Corporate Finance, Valuation, and Investment Philosophies if there is further free time.
Your Phd Pedagogy
I don’t want to goto Heaven, all I want is to know where and when I am going to die and if I will be going to Hell
Comments and Feedback Welcome