Visuals, visuals, visuals
For the last couple of months, I have been doing some visuals about a wide variety of topics. The objective is to try to simplify complex concepts.
I decided to do a post with all of the ones I have created up to now.
- When to sell a stock
The first visual I did (around 8 months ago) was a simplified framework on when to sell a stock.
Of course, the majority of the time it's not this easy but simplifying things always helps see the big picture. Several steps require deep knowledge of the company and the thesis.
- 4 steps to find worthwhile investments
Not long ago, I also shared this simple 4-step process to find worthwhile investment.
Again, it's simplified, but it's what I think about before starting (or deciding not to start) a position.
- Types of M&A deals and their success rates
I also shared this simple visual that should help you to think about M&A.
Many companies (especially when they reach maturity) rely on acquisitions to fuel growth, so understanding how these might play out is important.
- Return on Invested Capital Cheat Sheet
ROIC is one of the most important metrics to look for in any company. If not where it is today, it's important to try to predict where it might be in the future.
I prepared this cheat sheet with the relevant aspects of the metric.
- Sources of competitive advantage according to McKinsey
Sustainable ROIC above the cost of capital is only possible if a company enjoys a strong competitive advantage.
This framework by McKinsey should help you understand the sources of a moat.
- The semiconductor industry at a glance
Jumping to the semiconductor industry, I shared some visuals to simplify this complex industry.
The first one was this visual that summarized how the different segments are connected. While I was studying the industry, this is what I would've loved to see in step 0.
- Digging deeper into the semiconductor industry
I then decided to dig a bit further and elaborated a 3-page summary on the industry
- When to buy or sell a stock according to Phil Fisher
I also prepared the following graph with Phil Fisher's advice on when to buy and sell a stock.
- François Rochon's 10 most important lessons for investors
François Rochon writes excellent shareholder letters and in one of them he shared the 10 most important lessons for investors.
- Adyen one pager
Reality is that the majority of these summaries started with individual companies. I have done one-pagers for $ADYEY $APPS and $TDOC. They are not fully up to date, though
This is the one on $ADYEY, which received a reply from the company (quite impressed by that!)
- Digital Turbine One Pager
- Teladoc One Pager (no longer hold it)
This is what I have up to now! I think I will upload these more frequently, although there won't be a pre-determined index, just random thoughts when I feel like it!