When I first started learning about the stock market, people like Warren Buffett, Peter Lynch, Seth Klarman and Jim Simons were like the ‘Gods of Investing’. I looked up to them (and still do), and wish I could find great stocks like they did. For those who are unfamiliar, most of them returned almost double the index consistently for more than a decade, in different periods of course.
Naturally, I knew I had to put in the work to find the stocks that were good. And I was willing to. Plus I had I guess decent accounting knowledge as an Accountancy undergrad (now graduate kek).
But the problem was, I didn’t know what to look for. And as a logical person, I wanted a framework, a checklist that I could tick off as I read up about companies to determine which was the one to dump my life savings into. But of course, as we all know, that doesn’t exist....