Ensemble Capital

Venn Diagram Investment Framework

How to identify companies that generate superior long-term returns through competitive advantages, strong management, and forecastable businesses

by Fajasy
Oct 22, 2025
William Quinn, John Turner

The Bubble Triangle

Learn how financial bubbles form, why they burst, and what makes them destructive

by Fajasy
Oct 15, 2025
John Borneman

The ROIC Paradox

Learn why ROIC-based compensation often backfires and how to identify well-designed versus destructive incentive structures

by Fajasy
Oct 8, 2025
Charles Gave

Four Quadrants Framework

Learn how to position your portfolio based on energy efficiency and currency quality

by Fajasy
Oct 1, 2025
David Dreman

Why Analyst Estimates Fail

Dreman's 12 follies show how Wall Street misses earnings by 40%, the psychological biases and career pressures behind these errors, and why nothing changes decade after decade

by Fajasy
Sep 24, 2025
Jay Barney

VRIN Test for Sustained Competitive Advantage

Go beyond SWOT analysis and learn the four conditions that determine whether any competitive edge will survive or disappear

by Fajasy
Sep 17, 2025
Mark Mahaney

Internet Stock Picking

Learn how a Wall Street tech analyst veteran identifies 10-baggers by focusing on revenue growth, product innovation, massive TAMs, management quality, customer value over margins, and buying during crashes while ignoring P/E ratios

by Fajasy
Sep 10, 2025
Terry Smith

Why Not Bank Stocks?

Terry Smith explains the three fundamental flaws that make banks uninvestable

by Fajasy
Sep 3, 2025
Michael Shearn

Evaluating M&A Decisions

How to assess whether management's acquisition strategy creates or destroys shareholder value

by Fajasy
Aug 27, 2025
Anna Yartseva

Research on 464 10-Baggers

What 464 stocks that returned 10-fold uncovers about identifying exceptional growth opportunities and maintaining value discipline

by Fajasy
Aug 20, 2025
Yuval Taylor

Smart Margin Management

How to move beyond avoiding margin entirely by using five rules, surplus calculations, and stress testing formulas that account for market crashes

by Fajasy
Aug 13, 2025
Dede Eyesan

10 Lessons From 446 Global 10-Baggers

From value chain analysis to turnaround investing, why finding ten-baggers requires understanding cyclicals, exploring overlooked geographies, and constantly searching for new opportunities while avoiding thematic traps

by Fajasy
Aug 6, 2025
Michael Mauboussin

Beating the Market = Luck?

What long-term outperformance tells us about perception, probability, and skill

by Fajasy
Jul 30, 2025
Aswath Damodaran

Financial Firm Valuation Challenges

Learn why banks, insurance companies, and investment firms require different analysis and valuation approaches

by Fajasy
Jul 23, 2025
Michael Shearn

Management Background and Classification

Learn how to classify management types, examine career progressions, analyze compensation structures, and interpret insider trading patterns

by Fajasy
Jul 16, 2025
Pat Dorsey

10-Minute Stock Test

How to quickly filter out poor candidates and identify companies worth your time

by Fajasy
Jul 9, 2025
Joe Ponzio

How Much to Invest?

Position sizing rules based on company size, margin of safety requirements, and the confidence-diversification relationship

by Fajasy
Jul 2, 2025
Wolfe Research

Earnings Quality Model

Learn how to use the earnings quality (EQ) model to identify potentially underperforming stocks

by Fajasy
Jun 26, 2025
Lawrence Cunningham

Evaluating Industry Structure

Learn how industry structure creates lasting competitive advantages through monopoly dynamics, oligopolies, and barriers that protect profitability

by Fajasy
Jun 18, 2025
Charlie Munger

Munger on Scale

How scale creates and destroys competitive advantages, according to Charlie Munger

by Fajasy
Jun 15, 2025
Nick Sleep

Robustness Ratio for Measuring Economic Moats

Learn how Nick Sleep's robustness ratio measures competitive advantages by comparing customer savings to shareholder profits

by Fajasy
Jun 11, 2025
Warren Buffett

Buffett's Selling Formula

Learn Warren Buffett's approach to selling stocks, including when to sell overvalued holdings, switch to better opportunities, exit deteriorating businesses, and capture price targets

by Fajasy
Jun 8, 2025
J. Dennis Jean-Jacques

Three Approaches to Analyzing a Business

Learn how to break down income statements, decompose ROE, and analyze cash flows to evaluate any business

by Fajasy
Jun 4, 2025
Vitaliy Katsenelson

Evaluating Growth in Range-Bound Markets

Learn how to identify sustainable growth drivers, including revenue expansion, margin improvements, and shareholder returns, that create value when markets move sideways

by Fajasy
Jun 1, 2025
Aswath Damodaran

Estimating Operating Income Growth From Fundamentals

Learn how to estimate a company's future operating income growth by understanding the relationship between reinvestment and returns

by Fajasy
May 29, 2025
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