For serious individual stock pickers
Most investors lose money not from picking bad stocks
but from having no repeatable process
One place to research, journal, time your entries, and review your behavior — so the process you know you should follow is the process you actually follow.
The Methodology
A 6-step investing process
01
Find Quality Company
Screen for industry leadership, durable moat, large TAM, strong profitability, trustworthy management, and a growth kicker or special weapon. Use deep research and checklists — this foundation determines everything that follows.
Start Researching02
Map Out Major Risks
What could reduce the moat, and how likely is it? Layer in business-specific, industry, and market risks. Overall risks should be as few as possible. Valuation risk is not a concern here — that is handled by timing.
Write Your Thesis03
When to Buy & Sell
Never buy at elevated valuations. Buy when valuation matches growth, or when it is compelling — but only after understanding why it got cheap. Make sure the bear case is covered. Sell when valuation is highly elevated, thesis is breaking, or you found a better opportunity.
Check Market Conditions04
Portfolio Management
Concentrate on very high conviction bets. Keep positions few, scale them up over time, invest the rest in index funds. Timing is everything: reduce when markets go sour, tier into positions on the way down, use momentum to confirm strengthening trends.
Check Momentum05
Track Investments Like Projects
Write a thesis on each investment including expected future returns. Journal weekly, monthly, or quarterly. Do an annual check — is it playing out as expected? Understand the gaps between expectation and reality before they compound.
Open Research Journal06
Systematical Review
Run regression across all your trades over multiple years. Measure portfolio stats like a professional: information ratio, behavioral bias in stock picking, and systematic errors in buy and sell timing. This is where real improvement happens.
Review Your Portfolio