This is a proper approach to research. Thank you for sharing it. I see that you read every Shareholder letter, how about all the 10-Ks/Qs and transcripts? I'm guessing you used to read them before when you weren't doing fast research. You also mentioned there is a limit where additional research doesn't add that much value. Is this the reason you don't read them anymore?
Thanks for reading! I do read the transcripts for the Q4s in each FY in conjunction with the shareholder letters through time. And I’ll also read the most recent Q transcript. I usually don’t read every single 10-K, but I’ll skim them (also because I enter the disaggregated data manually into my model) and read more of those where an inflection happened.
Hey, great read as always. Quick analysis is bold, Im curious.
Thanks for reading!
This is a proper approach to research. Thank you for sharing it. I see that you read every Shareholder letter, how about all the 10-Ks/Qs and transcripts? I'm guessing you used to read them before when you weren't doing fast research. You also mentioned there is a limit where additional research doesn't add that much value. Is this the reason you don't read them anymore?
Thanks for reading! I do read the transcripts for the Q4s in each FY in conjunction with the shareholder letters through time. And I’ll also read the most recent Q transcript. I usually don’t read every single 10-K, but I’ll skim them (also because I enter the disaggregated data manually into my model) and read more of those where an inflection happened.
Enjoying your writing and appreciate your inquisitive style.