Outlining part of my investment process: 1) my sourcing list for new "top of funnel" ideas; 2) the first pass filter for working the sourcing list; and 3) the core watchlist.
Hi, thanks for sharing the process. Got a few useful ideas to add to my process. “Fresh sheet of paper” exercise sound tough!
I also track "buy target" in the watchlist. It's a price, at which I would like to buy the stock.
I prefer this approach to "price target", since there are stocks where the expected upside is the same (say 50%), but risk level is vastly different. In this case, "price target" is the same for both stocks, but "buy target" is different - it also captures the risk.
My watchlist is mostly sorted by how far the current price is from my "buy target".
I also track % from 52 week low/high.
Concerning sourcing process, I mostly source ideas from other substacks or from value funds' letters.
Thanks a lot! Structuring watchlists, research and notetaking has been one of my main struggles so it is always appreciated to see practical examples of other investors !
Really love the "fresh sheet of paper" concept, thanks. Also looking forward to your $KBR article if it makes it to your watchlist at some point... the licensing business really drew me in and has been on my watchlist for a while.
I started doing this every 2 weeks. Blank sheet of paper best "watchlist" ideas. Really enjoy that you show a lot of your process!
Thank you! Might try to "perform" this exercise from scratch on next YT live stream!
Hi, thanks for sharing the process. Got a few useful ideas to add to my process. “Fresh sheet of paper” exercise sound tough!
I also track "buy target" in the watchlist. It's a price, at which I would like to buy the stock.
I prefer this approach to "price target", since there are stocks where the expected upside is the same (say 50%), but risk level is vastly different. In this case, "price target" is the same for both stocks, but "buy target" is different - it also captures the risk.
My watchlist is mostly sorted by how far the current price is from my "buy target".
I also track % from 52 week low/high.
Concerning sourcing process, I mostly source ideas from other substacks or from value funds' letters.
Thanks a lot! Structuring watchlists, research and notetaking has been one of my main struggles so it is always appreciated to see practical examples of other investors !
Thanks, what program do u use for your watchlist
This is just a google sheet... nothing fancy!
Really love the "fresh sheet of paper" concept, thanks. Also looking forward to your $KBR article if it makes it to your watchlist at some point... the licensing business really drew me in and has been on my watchlist for a while.