Choosing A Company To Invest In | Summary and Q&A

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January 27, 2023
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Rule #1 Investing
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Choosing A Company To Invest In

TL;DR

The process of going deep involves starting with a company you are passionate about, reading their annual report, researching their competition, exploring books and articles, and continuously going deeper until you reach a point where the subject becomes too difficult to understand.

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Questions & Answers

Q: What is the process of going deep when it comes to investing in a specific company?

Going deep involves starting with a company you are personally interested in, reading their annual report, researching their competitors, and diving into books and articles to gain a comprehensive understanding of the industry.

Q: How can reading a company's annual report contribute to the process of going deep?

A company's annual report, such as the 10K, provides essential information and insights about the company's performance, strategy, and competition, allowing investors to make informed decisions.

Q: Why is it important to research a company's competition during the process of going deep?

Researching a company's competition offers valuable insights into the industry landscape, potential market share, and competitive advantages or disadvantages. It helps investors understand the company's position in the market and its growth potential.

Q: How does reading books and articles contribute to the process of going deep into an industry or company?

Books and articles provide in-depth knowledge and different perspectives on the industry or company. By exploring various sources, investors can broaden their understanding and identify unique factors that may impact the investment decision.

Summary & Key Takeaways

  • Going deep starts with a simple interest in a particular company and progresses through steps such as reading the company's annual report.

  • Researching the competition helps gain a broader understanding of the industry and potential investment opportunities.

  • Going to the library, or using search engines like Google, allows investors to gather more knowledge and insights about the chosen industry or company.

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