Investment Research
Investment Research
Investment research is the work of building a differentiated view of a company before committing capital. The saved tweets filed here show it from several angles: process, sourcing, habit and review.
Process. One thread breaks a research process into steps: first how the company generates revenue and grows, then the competition, then immersion in presentations, reports, transcripts and podcasts until one can hold “a somewhat fluent conversation with an industry expert” (called the longest and most valuable stage), then how defensible the product is, citing Competition Demystified. A related thread describes a prioritization shortcut for a long list of tickers, and another posts ten slides on a research process presented at a US college. A growth-investing resource list opens with a screen of high revenue growth and high gross margins before any qualitative work.
Sourcing. Edge comes from material outside the filings. One investor says important factors are often absent from public filings, and that questions put to a management team at an annual meeting gave him a sense of competitive positions he “couldn’t have figured… out from the public materials.” Another thread builds a revenue estimate for a public company from home-transaction records. A quoted line from Kanjun distinguishes learning from research: research “happens when you understand something that nobody else understands yet.”
Habit and review. Posts describe a day in the life of a hedge fund analyst, a per-company routine for tracking earnings calls and product releases, a monthly learning calendar, and hedge-fund post-mortems framed as a systematic, repeatable exercise. Alex Morris’s published investment philosophy and a thread on Select Equity (strategy, returns, stock pitches, holdings) serve as examples of research made public. A clip of Chuck Akre on the importance of writing and communication in the investment business sits alongside them.
The Roam page behind this concept lists related tags CommonStock and Networked Conviction: Roam + Investing and links the expert-network service Tegus; see also Roam for Investment Research.
Where this appears
- 1- How I Prioritize My… (tweet)
- 1- I’m a Nobody, but… (tweet)
- 1- Thoughts on Research Process… (tweet)
- An Inside View of a… (tweet)
- Chuck Akre on the Importance… (tweet)
- Day in the Life of… (tweet)
- I’m Going to Share Some… (tweet)
- Research is Simply a Continuation… (tweet)
- This Was a Really Excellent… (tweet)
- Also tagged: Growth Investing Resource List - I… (tweet), 🪞How Hedge Funds Do Post-Mortems🪞… (tweet), UI Path - a Company on… (tweet), My Monthly Learning Calendar for… (tweet), My Investment Philosophy There’s No… (tweet), Do You Believe Investing Should… (tweet)