Thanks for your advice.....noted and ignored :)
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Both are important, the hard part is qualitative. Computers already keep quant stuff reasonably in check. Most people just see a dividend yield, I think. Some guys focus entirely on story which is a trap, too. But the financial side should only take a 15 minutes.
In your opinion if I spend 2 hours contemplating a stock’s qualitative comparative advantages, how much time do I need to spend looking at the financial@minutia to do an equally good job at that in a way that allows me to make a purchase?
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You just have to understand that the company is within a reasonable ballpark of true value. For example, a company trading at 70 times its earnings that's almost impossible. Lots of companies just don't make money. Understanding how the biz compounds value is most important.
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Most investing is really just sorting through a ridiculous number of ideas until you find something you understand, and that seems obvious. It's pretty hard for me to take anyone seriously that does detailed financial modeling. What a joke.
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