신규 포지션 조사, 어느 깊이까지 파고드나요? 🤔

Balls

Going deep is ALWAYS worth the time,I try to looking at everything I possibly can. Not just sec fillings but satellite and shipping intel, other alternate data, CEO comp structure, CEO history of meeting their targets, corelations to commodities (with signficant backtesting), supply chain, number of employees (except maybe IT smalller number of employees in context of reasonable revenue are easier to analyse), WHO the auditoris for ex: a grade 3 auditor for say a billion plus company doesn't sound very encouraging, also what the audit fees are YoY and if auditors are paid consulting fees and what the ratio of both is, plus standard sector outlook , management outllook, I also combine gudiance from multiple companies in same sector to see whats common and where there are deviation, options setup,short interest along with your standard ratios. The idea is to make very FEW but HIGH Quality decisions. How you do that is upto you. One thing going deep helps a lot is you learn to quickly eliminate what you don't want to buy. As that filter gets stricter things start to work out better. A lot of what buffet and esp. Munger has said is absolutely truely. But if you are time or interest constrainted you should pick a lane. If you are for instance in shipping , research shipping stocks and so on. One area I feel that is generally interesting is midcaps not covered by a lot of analyst. Things don't necessarily get priced in as quickly as they do for large caps.

Off the top of my head, it's the sector, price, quarterly and yearly change. Daily change doesn't matter yet.

Then it's dependant on score which my spreadsheet handles. Covers a lot of things like golden cross, long term trend, short term trend, overextended and lots more. So on that front, I look at the score and the reasons why that are attached but this is obviously very custom.

Then I check out what the company does. And I get some basic financials like margins, profit, debt, cash flows.

All in all doesn't take much time per new company to see if I'm interested or not. But beyond that I don't have much time when I'm also looking at the bigger picture and comparing so many at once. It's worked so far, you know, until that orange tool has stagnated progress. Which is why I'm diversifying into other countries where possible. Though even those aren't fully resistant to what's happening right now.

go deep, but not just in their financial statements. read employee reviews, watch ceo interviews, compare customer sentiments with their competition. it's all been priced in, the whole point of investing is to buy a slice of the future.

i usually go sector first to understand the big drivers and then only go deep into the specific industry if the company actually looks interesting, because doing full deep dives on every ticker gets overwhelming pretty fast.