Alibaba Group Holding Ltd - ADR

Write-up on [$BABA](https://twitter.com/search?q=%24BABA&src=cashtag_click) part TWO.

Ant Financial, regulations and common prosperity.

Oh, and not to forget my valuation of [$BABA](https://twitter.com/search?q=%24BABA&src=cashtag_click)

[https://steadycompounding.com/investing/alibaba-part-ii/](https://steadycompounding.com/investing/alibaba-part-ii/)

Ant Financial was scheduled to list on the Shanghai Stock Exchange (SSE) and Hong Kong Stock Exchange (HKSE) on 5th November 2020, but regulators halted the deal. The company has grown tremendously since its humble beginnings as a payments company. Jack Ma aspired to turn it into a one-stop shop for all things financial and beyond.

https://steadycompounding.com/investing/alibaba-part-ii/

Alibaba Deep-Dive Part II - Steady Compounding

The latest Tweets on $BABA. Read what people are saying and join the conversation.

https://twitter.com/search?q=%24BABA&src=cashtag_click

$BABA - Twitter Search

This member is verified by the Commonstock team based on their contributions to the Commonstock community. 

Verified Member

Thomas Chua

My complete research toolkit for analyzing a stock.

Feel free to add on any that I have missed out!
![](https://cdn.commonstock.com/7289916a0ad32d8d761bb184482cb9f2a18d4aa5fece5a2eda7194b908549e50-864x1058.png)

Buffett’s letters taught me more about investing than any business school ever could.

Even after investing for 14 years, I uncover new insights every time I reread his letters.

Recently, I reread his letters from 1977 to 2020 for a third time.

Here are my key insights:

[https://steadycompounding.com/investing/buffett-letters/](https://steadycompounding.com/investing/buffett-letters/)

![](https://cdn.commonstock.com/5c6b95ca652e9e342c4e3690347f477dd4010a30670ac02b036d8af57323022b-416x416.png)

Buffett's letters taught me more about investing than any business school ever could. Even after investing for 14 years, I uncover new insights every time I reread his letters. Recently, I reread his letters from 1977 to 2020 for a third time. Here are my key insights:

https://steadycompounding.com/investing/buffett-letters/

17 Lessons From Warren Buffett’s Annual Letters To Shareholders - Steady Compounding

Before, the only way to learn from investing legends was to get into Columbia Business School.

It featured greats such as Ben Graham, Joel Greenblatt & Bruce Greenwald.

Today, the internet has made education available to all for FREE!

The top 5 'lectures' by fund managers:

1. Joel Greenblatt of Gotham Capital

A playlist of Joel's lecture at Columbia.

Available for free!

Learn about valuation, special situations, case studies and options.

[http://ow.ly/sxfL50HC0OI](http://ow.ly/sxfL50HC0OI)

2. Li Lu of Himalaya Capital

Learn about what to look for in businesses and the mindset of a business owner.

[http://ow.ly/4FON50HC0OJ](http://ow.ly/4FON50HC0OJ)

3. Terry Smith of Fundsmith

Learn about investing in high-quality companies.

[http://ow.ly/cfQ950HC0OQ](http://ow.ly/cfQ950HC0OQ)

4. Robert Vinall of RV Capital

A treasure trove of investing wisdom.

My favorite 'lecture' was Robert's fireside talk with his friend Andreas Lechner, an individual investor that's absolutely brilliant.

[http://ow.ly/5a1B50HC0OL](http://ow.ly/5a1B50HC0OL)

5. Marcelo Lima of Heller House

Learn about disruption, investing in S-curves, unit economics and so much more.

[http://ow.ly/1s9Q50HC0OH](http://ow.ly/1s9Q50HC0OH)

That's the end of my list!

If you like this, you're gonna love my newsletter where I curate 3 ideas on investing and growth philosophies.

[https://steadycompounding.com/](https://steadycompounding.com/)

I had the pleasure of speaking to and learning from the students at Columbia Business School. We discussed the transition from deep value, Graham-style inves...

Columbia Business School talk and Q&A on Nov 19, 2020

Charlie Munger, Himalaya Capital, Li Lu; Value Investing

Li Lu, Columbia Business 2006 - Greenwald

Robert Vinall

Ian King introduces the 9th Fundsmith Annual Shareholders' Meeting at Central Hall Westminster. Terry Smith and Julian Robins present results from the year a...

FUNDSMITH Annual Shareholders' Meeting 25th February 2020

---Marriott spin. ---Sara Lee spin. HP fires Fiorina. American Express. Sears spin 1992.

Joel Greenblatt Columbia Lecture 2005 02 14

A decade later, you’ll wish you had started today. Gain insights to compounding all things worthwhile, today.   ACCESS MY […]

Home - Steady Compounding

I'm going to go with a U please.

Not investment advice. For laughs only.

Because if we are going to lose money in this market we might as well have a good laugh about it.
![](https://cdn.commonstock.com/4c418ae1c1a2d81b90d2a09840a52aba8d521dcad65679ed8deb30b99f3fb001-1090x606.jpg)

The markets had another rough week, and you are probably used to hearing everyone say:

_“Buy when there’s fear on the streets.”_

_"Revenue growth will be the biggest driver of returns in the long run."_

_"The stock market is a voting machine in the short run. Over the long run, it is a weighing machine. Focus on the fundamentals, not the stock prices."_

These quotes are great. It’s like investing porn on Fintwit, similar to the frequent hustle porn you see on LinkedIn.

I am holding onto some stocks, rotating out of my lower conviction stocks to higher conviction stocks, and slowly investing my cash every single week.

I’m not immune to the effects of volatility, but **one thing I’m not doing is going to cash.**

Having invested for a while, I know **the instinct to run when the market plummets must be avoided like the plague**. And this is where we are supposed to do the opposite.

Here, **having a game plan before shit hits the fence becomes crucial**. Before our amygdala seizes our rational brain.

That said, if your portfolio drawing down another 50% will seriously affect your finances, relationships, or mental health, then take action.

Learn from this drawdown, lick your wounds. Nothing teaches you more about your own risk tolerance, the importance of position sizing and the importance of having an emergency fund than a sharp drawdown.