Summary

• Most investors think stock analysis starts with research. It doesn’t. It starts with a decision about how you make decisions.
• The dividend triangle is not three financial metrics. It is a ten-year story about a business.
• The best business in the world bought at a crazy price will lag for years. A solid business bought at a fair price compounds. That is the whole game. Not the cheapest stock. A quality business at a fair price.

Most investors think stock analysis starts with research. It doesn’t. It starts with a decision about how you make decisions.

I see buying and selling as two sides of the same coin. The reasons you