you might also take a look at Neil’s “Weekly Analysis Club” which is also a public board
We’d love to have more folks analyzing companies with us! We’re experimenting with 2-week long periods now instead of doing a company every week, so the pace should be a bit easier, and – as luck would have it – we happen to be starting a brand new company today:
I would especially encourage anyone who feels at all intimidated by annual reports or conference call transcripts to join us. I think you will be pleasantly surprised at how quickly you get comfortable with them once you take the plunge, and I firmly believe it will make a huge positive difference to your investing. We’re a very friendly group over there, all trying to learn and better ourselves, and I assure you we all make mistakes. There’s nothing to fear!
We’re also experimenting with alternating between (curated) computer-chosen companies and “free choice” where each person picks their own company to analyze (it was always computer-chosen before). My personal opinion is that there is a lot of value in analyzing “random” companies when you first start, especially since there’s no pressure to “get it right” like you might feel for companies in your own portfolio, and it exposes you to a variety of industries, business strategies, management choices, etc. But I also understand that some people feel like their time is already very limited and would prefer to focus it on companies they already own or are interested in, where that invested time will help them immediately with their current investment decisions. So we’re trying a mix of both now.
But wait, how do you get started? Especially if you have no idea where to start?
I assure you it’s all very casual. Here is a thread on how someone might go about analyzing a company in just 15 minutes a day (back when we were doing a company each week – now it’s every 2 weeks, so you have double the time):
Here is another thread that goes over what I personally try to do, along with contributions from others:
But really the most important thing is to just do it and start getting practice! Like all new endeavors, it might seem hard and foreign at first, but the practice pays off pretty quickly: I think after you’ve done 3-4 companies you’ll already be feeling much more comfortable, and after 5-6 you’ll be genuinely surprised at how easy it’s become! And it just gets better from there.
So please, come on over, join us, post any questions you have, and jump on in! We’ll be taking 2 weeks to analyze the current company and then posting our thoughts and discussing it (if you get done early, feel free to post early!).