The Investment Checklist: The Art of In-Depth Research PDF


The Investment Checklist: The Art of In-Depth Research [Epub] ❥ The Investment Checklist: The Art of In-Depth Research By Michael Shearn – Natus-physiotherapy.co.uk A practical guide to making informed investment decisions Investors often buy or sell stocks too quickly When you base your purchase decisions on isolated facts and don t take the time to thoroughly u A Checklist: The Art of PDF \ practical guide Checklist: The PDF ↠ to making informed investment decisions Investors often buy or sell stocks too quickly When you base your purchase decisions on isolated facts and don t take the time to thoroughly understand the businesses you are buying, stock price swings and third party opinion can lead to costly investment mistakes Your decision making at this point becomes dangerous because it is dominated by emotions The Investment Checklist has been designed to help you develop an in depth research process, from generating and researching investment ideas to assessing the quality of a business and its management teamThe The Investment Kindle - purpose of The Investment Checklist is to help you implement a principled investing strategy through a series of checklists In it, a thorough and comprehensive research process is made simpler through the use of straightforward checklists that will allow you to identify quality investment opportunities Each chapter contains detailed demonstrations of how and where to find the information necessary to answer fundamental questions about investment opportunities Real world examples of how investment managers and CEOs apply these universal principles are also included and help bring the concepts to life These checklists will help you consider a fuller range of Investment Checklist: The PDF/EPUB ì possibilities in your investment strategy, enhance your ability to value your investments by giving you a holistic view of the business and each of its moving parts, identify the risks you are taking, and muchOffers valuable insights into one of the most important aspects of successful investing, in depth research Written in an accessible style that allows aspiring investors to easily understand and apply the concepts covered Discusses how to think through your investment decisions carefully With The Investment Checklist,you ll quickly be able to ascertain how well you understand your investments by the questions you are able to answer, or not answer, without making the costly mistakes that usually hinder other investors.

    Download Book Best Sellers in PDF format designed to help you develop an in depth research process, from generating and researching investment ideas to assessing the quality of a business and its management teamThe The Investment Kindle - purpose of The Investment Checklist is to help you implement a principled investing strategy through a series of checklists In it, a thorough and comprehensive research process is made simpler through the use of straightforward checklists that will allow you to identify quality investment opportunities Each chapter contains detailed demonstrations of how and where to find the information necessary to answer fundamental questions about investment opportunities Real world examples of how investment managers and CEOs apply these universal principles are also included and help bring the concepts to life These checklists will help you consider a fuller range of Investment Checklist: The PDF/EPUB ì possibilities in your investment strategy, enhance your ability to value your investments by giving you a holistic view of the business and each of its moving parts, identify the risks you are taking, and muchOffers valuable insights into one of the most important aspects of successful investing, in depth research Written in an accessible style that allows aspiring investors to easily understand and apply the concepts covered Discusses how to think through your investment decisions carefully With The Investment Checklist,you ll quickly be able to ascertain how well you understand your investments by the questions you are able to answer, or not answer, without making the costly mistakes that usually hinder other investors."/>
  • Hardcover
  • 384 pages
  • The Investment Checklist: The Art of In-Depth Research
  • Michael Shearn
  • 04 March 2019
  • 0470891858

About the Author: Michael Shearn

Is Checklist: The Art of PDF \ a well Checklist: The PDF ↠ known author, some of his books are a fascination for readers like in the The Investment Checklist: The Art of In Depth Research book, this is one of the most wanted Michael Shearn author readers around the world.



10 thoughts on “The Investment Checklist: The Art of In-Depth Research

  1. Simon Eskildsen Simon Eskildsen says:

    This review is biased by two facts I know Shearn, and this is the first book I ve read about investing, which is an interesting topic to me The conversations I had with Shearn in person a couple of weeks ago and hearing his approach to investing, opened a different perspective on what investing can be like this is what prompted me to read the book.The checklist approach that the book follows is great It goes through the important factors that go into making an investment decision, and investi This review is biased by two facts I know Shearn, and this is the first book I ve read about investing, which is an interesting topic to me The conversations I had with Shearn in person a couple of weeks ago and hearing his approach to investing, opened a different perspective on what investing can be like this is what prompted me to read the book.The checklist approach that the book follows is great It goes through the important factors that go into making an investment decision, and investing for the long term This is not investing in the short term for maximum profit, but investing in businesses that will deliver over the long term It d be an interesting world where every investor was thinking as long term as Shearn, highlighting such terms as conscious capitalism promoted by John Mackey.What fascinates me about the book, is the amount of emphasis it puts on management of the company A stat that really jumped out at me, is that of the Fortune 500 companies 28 of the CEOs have a 10 year tenure Of those, 25 of the companies outperform the SP 500 The macro lessons on what good management looks like to an investor, is an interesting lesson Applying this inward to my own employer, it s interesting to see what everything looks like from an investors point of view At the end of the day, my tenure is also a sort of investment to be evaluated with the same checklist.Something that s clearly been paid attention to is the amount of examples Every idea and point has many examples of this in practise, whether it s good or bad It s clear it s coming from someone who s done their homework for the book.What fascinates me about investing, even if it s not something I m pursuing index funds do it for me is the amount of care and thought that goes into their decision making This book is a fantastic example of the rigorous process Supplier relationships, reading years of 10Ks and financial statements, understanding the management team and their motivations, understanding employee engagement,

  2. Sylv C Sylv C says:

    Great overview of qualitative factors to consider investing is after allan art than science More suited to Buffett style investors willing to do in depth research over months and years to find the 20 punches on their punch card than someone looking for aquantitative e.g Graham deep value or shorter term e.g mispricings special situations approach As with any checklist, this should just yield a list of things to think about investigate further rather than be followed r Great overview of qualitative factors to consider investing is after allan art than science More suited to Buffett style investors willing to do in depth research over months and years to find the 20 punches on their punch card than someone looking for aquantitative e.g Graham deep value or shorter term e.g mispricings special situations approach As with any checklist, this should just yield a list of things to think about investigate further rather than be followed rigidly My chief nitpick is that many of the examples exhibit hindsight bias and while in line with common sense, lack empirical rigor support with real world evidence that businesses matching the given criterion do in fact outperform those that don t Having a statistical background, I prefer Carlisle s Deep Value book which yields numerous counter intuitive insights, backed by empirical data However, still a great reference for those with a concentrated, long term investing style

  3. Daniel Deptula Daniel Deptula says:

    Provides a lot of good questions to ask when analyzing a business Particularly liked a few of the questions devoted to understanding the relationship between the business and its customer, and will likely add them to my own checklist I would agree with other reviews in that three chapters was possibly too many to devote to analyzing management.

  4. إسلام جمال إسلام جمال says:

    This book is for serious investors as Warren Buffet said If you are not willing to hold a stock for 10 years, don t hold it for 10 minuets.When investor makes precise, deep logic analysis to a business, he would buy the business as a business not just a stock Investor will not care if the stock price slipped temporary because of Mr Market s emotions.This book provides in depth guidelines to evaluate businesses and make smart investments This book is for serious investors as Warren Buffet said If you are not willing to hold a stock for 10 years, don t hold it for 10 minuets.When investor makes precise, deep logic analysis to a business, he would buy the business as a business not just a stock Investor will not care if the stock price slipped temporary because of Mr Market s emotions.This book provides in depth guidelines to evaluate businesses and make smart investments

  5. Andre Luis Andre Luis says:

    N o nem um bom livro de Value Investment nem um bom livro de An lise Financeira de empresas.Faz alguns insights sobre aquilo que deve se ter aten o sobre a administra o das empresas o que faz valer a leitura.

  6. InvestingByTheBooks.com InvestingByTheBooks.com says:

    The mind constantly plays tricks with investors In a stressful potentially loss making situation the negative pressure risks short circuiting our analytical ability and when looking at new investments greed makes the investor susceptible to buying into management s song and dance when showcasing the benefits of the company No matter how experienced you are as an investor you will always benefit from having a checklist that breaks the spell of the moment and ensures that positive and negati The mind constantly plays tricks with investors In a stressful potentially loss making situation the negative pressure risks short circuiting our analytical ability and when looking at new investments greed makes the investor susceptible to buying into management s song and dance when showcasing the benefits of the company No matter how experienced you are as an investor you will always benefit from having a checklist that breaks the spell of the moment and ensures that positive and negative aspects of the situation are covered It will if well crafted also make you focus on the few important key issues of the investment Further, realizing that there are issues that you don t have answers to can also be of huge value as warning signs In The Investment Checklist Texas investor Michael Shearn shares the checklists he has been using for the last decade when researching new investments The author s purpose is to teach the reader what he needs to know about the companies he thinks of investing in and help him to evaluate if the company is worth the investors money or not While not explicitly stated as a target group I think the book will help the franchise type of value investor the most.The book kicks of with a chapter on how to generate new investments basically describing a search for bombed out, low multiple, deep value stocks where investor pessimism rules but the problems at hand might be temporary Then the rest of the text covers a list of topics to be analyzed They could be the strategic and operational strength and weaknesses of the company, the financial strength of the business, the growth opportunities, the track record in MA etc Most chapters consist of a number of checklist questions with a subsequent paragraph discussing the topic One of the impressive features of the book is the focus placed on corporate management More than a third of the book discusses how to analyze the executives in charge To me this is one of the trickiest areas in investing so even if the text in itself isn t revolutionary the focus is well deserved and it is relatively rare in investment literature Overall, he who reads through the chapters will be rewarded with plenty of wise thoughts on how to evaluate a company.Even so, the book isn t a jackpot in my mind The analytical methodology an investor uses should be tailored to the type of investment opportunities he is looking at and the investment style he uses This checklist to me feels a bit too generic with the inherent risk that it will not be perfect for anyone For example, take the bombed out type of stock from the opening chapter, if I researched this the task would be to understand what will change to the better and my focus would be a What is the risk of the stock being a value trap i.e is the sector or the company in structural decline and is the current shareholders equity or earnings therefore not representative of the future b Are the finances strong enough to sustain a prolonged period of weak cash flows before an improvement occurs c What could be the triggers to the turn around i.e what will change to make things better d And what will the normalized financials look like An analysis should zero in on the key issues for the type of investment at hand A lengthy analysis of the quality of current management might not be as important Getting rid of them might event be the trigger needed Another thought is if there couldn t be a way to quantify the results of the analysis A checklist is never an exact yardstick to go by Even so, I think a numeric rating of the issues can help an investor in his thought process At least it has helped me.For the long term investor a deep fundamental understanding of the business of the companies he owns is crucial Without it he will lack conviction and will risk selling due to market volatility, potentially missing the structural improvements underway This checklist will take you a long way in gaining understanding but the last touch on how to build your own checklist must be up to you

  7. Javier HG Javier HG says:

    En este libro no encontrar s complicadas f rmulas, ni justificaciones sobre el valor actual de los flujos futuros, ni siquiera explicaciones sobre el uso de las hojas de c lculo, y sin embargo ste es uno de los mejores libros que se pueden leer sobre c mo analizar compa as.Siempre digo en mis clases que valorar compa as no es una ciencia, es un arte, pero que cuanta m s ciencia sepas, mejor Y The investment checklist te sumerge en la manera de trabajar que es m s adecuada para aquell s En este libro no encontrar s complicadas f rmulas, ni justificaciones sobre el valor actual de los flujos futuros, ni siquiera explicaciones sobre el uso de las hojas de c lculo, y sin embargo ste es uno de los mejores libros que se pueden leer sobre c mo analizar compa as.Siempre digo en mis clases que valorar compa as no es una ciencia, es un arte, pero que cuanta m s ciencia sepas, mejor Y The investment checklist te sumerge en la manera de trabajar que es m s adecuada para aquell s que quieran analizar compa as desde el punto de vista fundamental qu tipo de equipo gestor est al frente c mo trata a sus empleados y a sus proveedores c mo crea valor qu hacen sus competidores cu les son las barreras de entrada son bajas o altas El libro trata stas y muchas otras preguntas, y lo hace de manera detallada, ofreciendo ejemplos reales tanto en el aspecto positivo como negativo, de manera que es f cil ir aprendiendo conforme se avanza Lo mejor es que te prepara para plantearte las preguntas necesarias a la hora de analizar una empresa, qu es relevante y qu no, y por el camino aumentas tu cultura empresarial y financiera.Un libro imprescindible

  8. André André says:

    THE MOST PRACTICAL BOOK ON INVESTING I m just a 20 year old that read a dozen books on investing, and most of those are about the mentality and attitude rather than practical advice They re very very useful Intelligent Investor, Berkshire s letters to investors etc but will not provide you with enough knowledge to start investing with confidence This book is great, rich in examples, and the author is clearly an expert This is a must read.

  9. Pedro Zagury Pedro Zagury says:

    Good starting point to develop a research process based on fundamentals First chapters are a bit common place on competitive advantages and moats , but the management checklist is really insightful.

  10. Ya Rungsrithananon Ya Rungsrithananon says:

    Read this book

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