Tweeted On: Aug. 19, 2020, 8:32 p.m.
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1/ If you can read one new quarterly earnings conference call per day, you can start to develop much broader investing knowledge in just 90 days.
2/ Read many conference calls from competing and parallel companies in the industries you favor. Compare how competitors address the same or similar markets, and the differing internal metrics the companies highlight.
3/ Read conference calls of companies in industries you barely know or don’t like. You’ll learn plenty, and you’ll discover connections that can help you on your own investments. You may find new ideas, too.
4/ Take notes on the conference calls themselves (a tablet can help), and save the calls. You’ll build a database of key points you can easily refer back to.
5/ Focus on the opening comments of conference calls. Then, to be efficient, skim questions that are less useful, and slow down to learn more from the best questions and answers.
6/ Over time, through many quarters, you’ll see which management teams are organized and consistent, and which like to push to grow. And which make excuses.
7/7 Quarterly conference calls have been a key part of my investing process since the late ‘90s, when @themotleyfool worked to persuade companies to make the calls accessible to all.
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