When I first started investing, I read quite a lot of text describing the fundamental approach to picking the right stocks. Techniques like examining a company’s income sheet, balance sheet and cash-flow statement; techniques like working out using some complicated methods the intrinsic value of a stock, etc. However I have stopped doing the above as with the ease of access of analyst reports, important fundamental indicators are available to many. All the above techniques of fundamental analysis aim to help investors identify a “profitable” stock.

However after identifying a “profitable” stock, I believe, in this stock market climate that an investor needs to have holding power so that the stock he has identified will or may turn out to be the market darling or the next multi-bagger. An investor has to wait, possibly for a number of years before the stock market becomes interested in the stock. Analysts have