Victor Dongo is the Managing Director of Swiss Equiti, a private investment company that concerns itself with acquiring shares of wonderful companies across the globe, with a particular interest in the American stock market. Victor is a trained Petroleum Engineer M.Eng(RGU, Aberdeen) with an immense passion for numbers. Victor did a lot of self-studies to pursue his love for value investing-the same type practiced by Warren Buffett and Berkshire Hathaway. Victor has reviewed thousands of financial statements to seek out wonderful companies. The margin of safety is the wedge that guides his pursuits.
Our definition of wonderful companies: companies that have the potential to return at least 10x the initial investment within 10 years.
Victor also runs the school of stocks project of Swiss Equiti. School of stocks is established to make investing simple and understandable for everyone including those professionals who have lost their ways.
Reason: Adam Smith's 1776 work is a deep enquiry into the concept and inter-connectivity of human economic activity as well as wealth generation. Pages 221 to 222 also gave an insight to the formula created by Warren Buffett to calculate owner's earnings. However, I strongly disagree with choice of words used in portions of the book.
Reason: It draws you into the world of value investing just like the first day you lean in to kiss your eternal love.
Reason: This book takes you to bed with Value investing. Also, one of the pages gave me most gracious "ahh ha" moments in my quest for knowledge.
Reason: It teaches how to make serious money in a stock market armageddon.
Reason: It made me an active listener. Active listening helps you ask the right questions and get behind the story of situations.
Reason: It's inclusion in valuation metric creates distortion because 3 expenses that owners have/had to make are presented as positive cash flow to bloat company valuation in most cases. Also, values of this acronym does not call into question the genuineness of a company's earnings. The culprits for EBITDA ping-pong often work on deal percentages.
Whatever your questions, please feel free to reach out.