WM 27 November 2022
Quotes Lessons & Thoughts Phil Fisher's Don'ts and Do Graham Stock selection framework Investment checklist Business analysis Circle of competence Analysing management Accounting Mindset Value investing Business analyst vs Security analyst Peter Lynch's 4 stock categories 1. Cyclicals 2. Fast Growers 3. Stalwarts 4. Asset Plays 5. Slow growers 6. Turnarounds Trading's routine Cognitive Biases Cognitive ease is our tendency to go for pleasure and avoid pain. Yet comfort and ease tend to lead to bad decision, while hard work and pain pays the most reward. No pain no gain. Halo effect: the world is not black or white, just many shades of grey and even multicolor and pluridimensional. Yet, many investors are absolute in their views: all great or terrible. No middle ground, hence tendency to disagree with and be closed opposite to opposite views. Love is blind after all What you see is all there is: another myopic bias consisting in not considering change and what y...