Elroy, I note some of my best investments, by dollar or by percent, have occurred when I paid scant attention to the financials or, having noted they were lousy, just ignoring that. (Otoh, maybe some of my worst investments were likewise because I ignored financial analysis. --g-- . Can't remember because those stocks no longer in my portfolio.)
Obviously maybe, because of my large portfolio size (number of stocks), I'm not going to be a big believer in lots of specific company research or deep studies of the company reports. That's me of course.
Somebody just starting out in investing, maybe the person doesn't need to do much in-depth work. Geezer like me, if I had only a few stocks in my likely substantially-larger portfolio than a beginner, yeah, better know all you can to best prevent a catastrophe. Can't recover from that -- earning years are over.
Would a person who believed very strongly in financial analysis, studying financial statements, following the recommendations of the world's greatest investor, ever buy a stock like AMZN? Or GOOG? FB? TSLA?
We can talk all we want about methodology, but at some point, maybe it behooves us, some of us, to ignore all that and just go with the flow to actually make some money. |
