'didi' ardiansyah

#selfnote ~ ultimate guidance for investing

Sir Chris Hohn bought Moody's at $50. sold at $100. thought he was clever. bought it back at $150. it's now $400-500. "the intrinsic value compounding matters more than the stock price." "the multiple matters less than the growth when you look at it over a longer period." "most investors are unwilling or unable to invest on a long-term time horizon because they think it's risky. which goes back to what Warren Buffett said when asked for the definition of risk: not knowing what you're doing." applies to trading strategies the same way. the edge that compounds for 5 years will always beat the flashy backtest that blows up after 6 months. patience is the moat most people can't build.

China is leaving in 2080 👏👏👏👏🔥

🎙️🗣️ Cristiano Ronaldo: "My son once asked for a new iPhone but I asked him why he needs a new phone, he said he saw it in school and his friends told him his phone isn't the latest. Then, I asked him, do you have problem with your phone? He answered, no. So I told him there's no need to buy a new one when the old one is still working. I could have bought the new iPhone for him but I wanted to teach him that he should be satisfied and happy with what he has. Parents should teach their kids this." [Marca] CR7 a great father 🇵🇹🥰

A coach who never stopped teaching. It sounds crazy to say this, but you made greatness feel normal. Even after hat-tricks, wins and trophies, there was always another lesson, another challenge and another level to reach. That mentality changed this club forever and changed me too. The honour of a lifetime to work with the best. Thank you for everything, boss 🙏🏻 🩵

Cesc Fàbregas kepada para pemainnya setelah lolos UCL: “Kalian adalah alasan kenapa semua ini terasa begitu indah. Saya akan berterima kasih kepada kalian seumur hidup saya karena mungkin ini adalah team terbaik yang pernah saya latih.” Respect!👏🏻🇮🇹

Investor Chris Hohn (2,924% returns since 2004) on 7 types of "moats" as Warren Buffett calls them: First Hohn clarifies that a "moat" means a business that is difficult to replace & compete with: "Those are…two risks: substitution risk & competition risk. They become very difficult to overcome long-term. And why is that so important? Competition kills profits…Substitution eliminates your business." Next, Hohn on the 7 moats: 1. Irreplaceable Physical Assets "One which most people don't look at—most investors don't really look at, interestingly—is irreplaceable physical assets. We're in a world where people just look at earnings. They don't look at asset value or physical assets. So we like quite a bit of infrastructure. Airports, for example, one of our investments has been the airport group in Spain that the government privatized, AENA. You can never build a second airport in Madrid or anywhere else. These are natural monopolies. That also applies to toll roads, railroads, and telecom towers." 2. Intellectual Property "A second [moat] is Intellectual Property that is so advanced it's very difficult to replicate. One space we like is aircraft engines. It's a very complicated product: the materials complexity, the temperatures these engines run at, the metals that would otherwise melt, the thousands of complex parts that all have to come together. That's a business where there are only two players in narrowbody engines and two in widebody, and there have been no new entrants for more than 50 years. The last new entrant was GE. It's a big industry, but it's so complex it's very hard to enter." 3. "Installed Base" "Another barrier to entry is Installed Base, which also applies to the aircraft engine business. Once those engines are there, you get the spare parts business that comes with them." 4. Scale "Scale is another barrier, though that's not a guarantee of a competitive moat." 5. Network Effects "Network Effects are another important barrier. You can see this in assets like Visa and Meta." 6. Brands "And Brands are another barrier to entry, though not every brand is powerful. A McDonald's has real value. Some brands are powerful and sustainable, but not all." 7. Customer Switching Costs "One more moat worth mentioning: Customer Switching costs. Take mission-critical software. Once it's installed, companies are very reluctant to mess with it and switch because of the complexity."

7 years ago, Como were playing in the 𝟰𝗧𝗛 𝗗𝗜𝗩𝗜𝗦𝗜𝗢𝗡 of Italian football... 👀 Next season, they’ll be playing Champions League. 🤯 Absolutely 𝘽𝙍𝙄𝙇𝙇𝙄𝘼𝙉𝙏 achievement from Cesc Fàbregas and his team. 👏 🎥 @Como_1907

Di belakang Hartono Brothers, ada satu nama orang Indonesia yang cukup underrated di balik kesuksesan Como 1907. Namanya Mirwan Suwarso. Dan dia adalah alasan kenapa Como 1907 musim depan main di UCL. Sebelum ngurusin klub sepak bola Italia, dia sutradara film. Golden Goal (2011), Merah Putih Memanggil (2017), dua film bertema sepak bola, sebelum akhirnya justru jadi bagian dari cerita sepak bola di dunia nyata. Dialah tangan kanan keluarga Hartono dalam mengelola Como. Keputusan menaikkan Fabregas dari pelatih tim junior ke pelatih utama lahir dari tangannya dan itu keputusan yang mengubah segalanya. Dia juga yang tegas menolak tawaran Inter Milan ketika Beppe Marotta ingin membajak Fabregas. Di luar lapangan, dia yang mempresentasikan langsung proyek renovasi total Stadion Giuseppe Sinigaglia bersama Walikota Como. Stadion ikonik di tepi danau itu akan disulap jadi arena kelas dunia, dan sekarang Como lolos UCL, renovasi akan dipercepat agar memenuhi standar ketat UEFA. Fabregas sendiri pernah secara khusus menyebut peran Mirwan sebagai faktor kunci di balik kenyamanannya melatih Como. Namanya kini tertera resmi di website Como sebagai President Como 1907. Presiden klub Italia yang baru saja lolos UCL. Mirwan Suwarso: the man behind the rise of Como 1907.

🚨 𝗡𝗘𝗪: Como 1907's journey with Cesc Fàbregas has been nothing short of incredible! ✨ He arrived as a player, bringing his class and creativity to Serie B. After retiring, he stepped into management and guided the club from Serie B back to Serie A. In Serie A, his fearless and attacking style of football has won the admiration of fans across the world. And tonight, he has achieved the absolute impossible, by qualifying Como for the UEFA Champions League! What a INCREDIBLE ACHIEVEMENT! 💫⭐

In 2009, Berkshire Hathaway share was down 50% from it’s peak. Charlie Munger was asked about how he felt about this. Listen to his Cold Blooded answer 🥶 Reporter: “How worried are you by the 50% decline in the Berkshire Hathaway share?” Charlie: “Zero. This is the 3rd time that Warren and I have seen our stock holdings fall by 50% or more.” “In fact, you should react with equanimity to market price decline of 50% or more in your portfolio at-least 2-3 times a century.” “If you don’t, you’re not fit to be a common shareholder and you deserve the mediocre results you’re going to get. 🔥

Peter Lynch on the biggest edge most investors throw away: The legendary Fidelity fund manager argues that ordinary people working in ordinary industries have a massive advantage over Wall Street professionals, and almost none of them use it. "People have incredible edges and they throw them away." His first example is Smith Kline and the ulcer drug Tagamet. You didn't need to catch it during clinical trials or when it was written up in the New England Journal of Medicine. You could have bought the stock a full year after the drug hit the market and still made multiples on your money. Lynch explains why anyone close to the industry would have seen it: "Let's say your spouse, your mother, your father, you were a nurse, you're a druggist, you're writing all these prescriptions. Tagamet was doing an amazing job of curing ulcers and it was a wonderful pill for the company because if you just stopped taking it, the ulcer came back." A few years later, Glaxo released Zantac, an improved product that took market share. Anyone working in pharmacies watched it happen in real time. Buying Glaxo would have tripled your money. "All the druggists, all the nurses, all the people, millions of people saw this product, and they're out buying oil companies, you know, or drilling rigs." He makes the same point with cars. If you were a Buick, Toyota, or Honda dealer when Chrysler launched the minivan, you would have seen the Chrysler dealership packed with customers every single day. You could have made ten times your money on Chrysler a year after launch. Ford's Taurus Sable did something similar. The stock went up sevenfold. "So if you're a car dealer, you only need to buy a few stocks every decade." That's the core insight Lynch keeps returning to. You don't need dozens of winners. A handful of multi-baggers from industries you already understand is enough to change your financial life. He goes further with aluminum: "They work in the aluminum industry; I see aluminum industries coming down and inventories coming down six straight months. They see demand improving. In America today, you know, it's hard to get an EPA permit for a bowling alley, never mind an aluminum smelter. So when aluminum gets tight, you just can't build seven aluminum smelters." Someone inside that industry sees the supply squeeze coming months before it shows up in a stock price. And the payoff doesn't require perfection: "When an industry goes from terrible to mediocre, the stock goes north. When it goes from mediocre to good, the stock goes north. And when it goes from good to terrific, the stock goes north." You can be a supplier. You can be a customer. It happens in paper, in steel, in publishing. It doesn't happen every week, but if you pay attention to your own field, you will see it.

“I did not succeed in life by intelligence. I succeeded because I have a long attention span.” — Charlie Munger

Ray Dalio built a $150 billion hedge fund and says every investor should replace themselves with an algorithm, this is him explaining exactly why "every time I made a trade, I would write down why. then I would test that rule across every country and every decade in history. then I turned it into an algorithm." "you will build a decision-making system that works like a GPS operating in parallel with you it processes way more information, much faster, with greater accuracy, and without emotion" "the markets teach you to be humble, the fear of being wrong makes you want to find the smartest people who disagree with you"

Paul Singer lost 88% of his parents' life savings, then he built a fund that has made money almost every single year for 47 years straight This is him explaining the one rule that made it possible "my dad was a retail pharmacist, he and I traded tiny amounts of tech stocks, between 1967 and 1974 we found every possible way conceivable to lose money" "when I started Elliott in 1977 with $1.3 million from friends and family, I was determined to engage in a strategy that made money all the time"

Jeff Bezos: “I once asked Warren Buffett, why don’t more people copy your investment strategy? It’s not that difficult to understand in principle. And he said, ‘Oh, Jeff, that’s easy. My approach is a get-rich-slowly scheme.’ And people don’t like those.” “If you can think in terms of seven years instead of three years, and you can defer gratification and think long term, that will give you a head start against all of your competitors, because most people can’t do that.”

Pep Guardiola

Hajj Map 🕋 The greatest journey on earth... This is how it begins and this is how it ends!

"Only 1% of Americans are good investors" and the rest 99% need to watch this. We just spent 2 hours with the only investor Warren Buffett AND Charlie Munger both called a close friend. @MohnishPabrai is back for round three, and this time he's giving away everything he held back the first two times. Here's what he told @ShaanVP: - DO NOT INVEST in the S&P - Clone everything. Original ideas are overrated - The mistress is always hotter than the wife - The less you do the richer you get - Never use leverage. Rick Guerin lost everything Full Episode: youtu.be/FjWY1-gZ0Cs?si…

Talent is everywhere, but opportunity is not.

This is Islam, Makkah 🕋🤍