jera_value

I wrote a post trying to summarize 12 market inefficiencies/factors that can improve an investment process: value, momentum, profitability, accruals, shareholder yield, illiquidity, low beta, small caps, etc.

Curious what HN thinks I’m missing or overrating.

After analyzing ~200 quality companies, I put together a small wiki that breaks down the different types of competitive advantages (moats).

What’s inside: - 48 distinct competitive advantages - Grouped into 5 categories

For each advantage: - Plain-English explanation - Pros and cons - Why it exists and how it shows up in real businesses - Signals that suggest durability vs. decay - Common patterns and notes from real companies

Built mainly as a thinking framework for investors, not a stock-picking list.