Money and Finance
Filtering investment ideas...
"When filtering through the many investment opportunities the stock market is offering at any given time, it is important for you to establish criteria of the types of businesses and management teams you are searching for. These criteria serve as a filter, so you don’t have to review thousands of investment opportunities and therefore can reject investment ideas quickly." -Michael Shearn, The Investment Checklist
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Starting With A Qualitative Search...
From The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns: Most investment processes begin with quantitative elements like filters and screens. The qualitative work is often left for the latter stages, after suitable...
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A Checklist For Investors - By Jason Zweig
Decades' worth of psychological studies show that people are extremely good at figuring out which information they need for a decision—but do a poor job of using that evidence methodically over time. You are likely to draw divergent conclusions...
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Michael Shearn Quote
"When you do not have investment opportunities that you are ready to act on, you can use your time to prepare for future opportunities. When you identify a unique business or superior management team, add the business to your inventory of ideas or watch...
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Competitive Advantages
These quotes are from the book The Investment Checklist by Michael Shearn. "Competitive advantages are less sustainable when they are affected by changes in technology or if they are in rapidly emerging industries. Changes in technology threaten...
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Seth Klarman Quote And Some Thoughts On Deliberate Practice In Investing
“To achieve long-term success over many financial market and economic cycles, observing a few rules is not enough. Too many things change too quickly in the investment world for that approach to succeed. It is necessary instead to understand the rationale...
Money and Finance