With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple guide for reading financial statements from Buffett's successful perspective.

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40 Investing Books Recommendations from 20 Legendary Investors

Including Warren Buffett, Charlie Munger, Joel Greenblatt, Mohnish Pabrai, Guy Spier, Li Lu.......

Worth More than $100 Billion!


1. Warren Buffett

The Most Important Thing -
https://t.co/9noBa9TIYk

The Outsider -

2. Charlie Munger

Influence: The Psychology of Persuasion - https://t.co/UnBFJ90J9o

The Warren Buffett Portfolio -

3. Mohnish Pabrai

100 Baggers - https://t.co/CrIt3kJlaF

A Gift to My Children: A Father’s Lessons for Life and Investing -

4. Chris Mayer

The Little Book That Beats the Market. - https://t.co/7NEKHgNCSD

100 to 1 in the Stock Market by Thomas Phelps -

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Building conviction on existing portfolio stocks is complex topic. I am still learning and have only 2-3 years exp. Lot of learning is inspired from @varinder_bansal as part of omkara family, listening to old colleage @connectgurmeet on news channel and @unseenvalue posts

https://t.co/KQkupOeFzp financial statements and results on quarterly basis to evaluate whether your thesis on company is still intact through growth in revenue, profits and cash. You cannot rely only on whats app forwards or brokerage updates.

2.Quarterly Con-Calls post result covering enviornment of the sector in which company operates, future expansion plans, & companies confidence in responding to fund managers. (For eg, in my evening walks, i listen to con-calls on You tube rather than music to utilize the time.)

3. High conviction is build when you compare py qtr or py year con call scripts and see whether company giving forward statements were met in subsequent quarters or not. For eg company said they will be doing CAPEX for 100 crores in FY 2020 and then we can see current state.

4. Profits not growing qtr or qt or yr on yr is not the sign for low conviction. You need to screen the balance sheet to see if the company has taken huge R&D expenditure which they believe is right for company as they build new products for future years, then that make sense

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