In Part 1, aside from the Fundamental/Technical analysis skill which is also important, I reminded the need to build a character to be a successful investor. Part 2 here, I will explain why it is even more important to understand the business.
A decade ago, I was still an engineer. In office, I perform calculations and software analysis. Outside office, I wore coveralls/helmets/cleanroom suits perform site measurements, talked to clients and got myself dirty on rigs/ships, construction sites and semi-conductor cleanrooms and travelled frequently. Due to health issue, I left my job and joined another company as an engineer initially supporting the sales. Soon, I become a sales guy myself. My ex-boss who is the owner and also sales-driven by nature, will always emphasize to me the importance of “KNOWING THE BUSINESS” even up to today when we met. He already retired from the business world.
Do I ...
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