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Foreword
by Phil Town xi Introduction, or How to Use This Book 1 Chapter 1 January-Becoming Brave 5 Warren Buffett And Value Investing Rule #1 Investing Hoard Or Abdicate Inflation My Investing Practice January Practice Chapter 2 February-Knowing Your Number 37 Primer On The Stock Market Flavors Of Abdication Calculating My Number Investment Options Outside Of The Stock Market Maro-Thankfulness Components Of Financial Freedom Four Levels Of Mastery February Practice Chapter 3 March-Voting for a Mission with My Money 65 Creating My Investing Office Primer On Corporations Asymmetry Of Information Between Companies And Shareholders Voting For A Mission With My Money Finding Missions Story Of A Company March Practice Chapter 4 April-The First Principle of Value Investing 85 Efficient Market Hypothesis (EMH) Lucky Monkeys Events Market-Wide Indicators Of Events Shiller P/E Buffett Indicator Charlie Munger Four Principles Of Investing First Principle: Understanding The Business Circle Of Competence And The Three-Circles Exercise Primer On Annual Reports Gurus Investing Intensive And The Buffett Bible April Practice Chapter 5 May-Charlie's Moat and Management 119 Second Principle: Moat The Five (And A Half) Moats Moat Case Study: Coca-Cola Moat Case Study: Apple Primer On Financial Statements Big Four Numbers And Growth Rates Windage Growth Rate Third Principle: Management Management Numbers Checklist For Charlie's First Three Principles May Practice Chapter 6 June-Circling Competence 147 Facing Feelings About Money Investing In What You Know Annual Reports Wishlist Fantasy Investing Brokerage Account Basics Family Tradition With Money Steps To Face Preconceptions Around Money June Practice Chapter 7 July-Charlie's Fourth Principle: Pricing 177 Fourth Principle: Price That Makes Sense Three Methods Of Pricing/Valuation Pricing Using Whole-Company Numbers Ten Cap Pricing Method Owner Earnings Formula For Owner Earnings Payback Time Pricing Method Formula For Free Cash Flow July Practice Chapter 8 August-Charlie's Fourth Principle: Value 209 Pricing Using Per-Share Company Numbers Margin Of Safety Valuation Method Formula For Margin Of Safety Opening A Brokerage Account August Practice Chapter 9 September-Inverting The Story 229 Checklist Of Expensive Errors Writing The Story Inverting The Story Investing Research Organization Practice Shares September Practice Chapter 10 October-Compiling An Antifragile Portfolio 253 Antifragile Portfolio Passive-Aggressive Strategy Buying Plan Tranches Prepare To Manage Emotions During Events October Practice Chapter 11 November-When to Sell 269 Buying A Company Sell When The Story Changes Reducing Basis Dividends Buybacks Determining When To Sell November Practice Chapter 12 December-Living Thankfulness 291 Checklist For Ongoing Investing Practice Maro-Thankfulness December Practice Epilogue 303 Afterword by Phil Town 307 Resources For Your Investing Practice 310 Appendix 313 Acknowledgments 321 |
저필 타운
관심작가 알림신청Phil Town
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저대니얼 타운
관심작가 알림신청Danielle Town
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