Sunday, January 30, 2011

Mebane Faber offers a checklist for an Analyst

Mebane Faber on his site World Beta offers the following very useful article:( I have included only the introduction click through to get the meat)

Hedge Fund Analyst Checklist





One of the turning points in my early career was taking a
security analysis class taught by Tiger Cub John Griffin at UVa.  There
are some old posts in the archives on the topic, but needless to say it
was a great experience for a bio-engineer and is part of the reason I
moved away from the lab bench and towards quant investing (whether that
was a net plus or minus to society TBD).


Anyways, I was cleaning out some old files and came across these
notes from the class and thought I would repost them as they are a
wonderful guide for a young analyst on how to think about investing in
stocks.  While the list is a bit dated (from university in 2000) the
message is still valid.  Other investors that promote using checklists
include Buffett, Munger, and Pabrai (here is Pabrai’s PPT to Columbia on the topic).






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