Category Archives: Competitive Advantage/ Moat

My key learning from J P Morgan Chairman’s letter from 2005-16

Posted on August 25, 2017 by Anil Tulsiram

I know many of you would have already read Jamie Dimon letters to JP Morgan shareholders, if anyone has not .. Please do read all letters in full from 2005-10 and selectively from 2011-16… Few important takeaways for me are … Continue reading →

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Bharat Shah: Buy Quality & Only Quality at Fair Price and Hold for LT

Posted on November 28, 2014 by Anil Tulsiram

Deep Value vs High Quality Debate: Let me clarify at the outset I have no intention to either directly or indirectly criticize anyone following DEEP VALUE investing philosophy or for that matter any philosophy. Till early 2014, I  have followed deep … Continue reading →

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Sustainable Moat: Five force analysis is NOT Enough

Posted on July 26, 2014 by Anil Tulsiram

Note: Words in italics are extracts from the book.  Why five forces important? The collective strength of the five forces matters because it affects prices, costs, and the investment required to compete. Industry structure determines how the economic value created … Continue reading →

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