"I don’t think you can get to be a really good investor over a broad range without doing a massive amount of reading..."
— Charlie Munger
"My policy is reading every annual report in sight that can further my knowledge about anything."
— Warren Buffett
Peter Lynch:
“The important thing is you can’t get too attached to a stock. You have to understand there’s a company behind it…and say: ‘if it deteriorates, if the fundamentals slip, you have to say goodbye to it.’”
"The stock market is a device for transferring money from the impatient to the patient."
We agree with Warren Buffett. And will very happily sit on the patient end of that wealth transfer.
When analysing stocks, look beyond the numbers.
Everybody loves a bargain, but there’s more to stock-picking than valuation metrics.
Remember: it’s far more important to invest in a good business than a cheap stock.