I first read this book seven years ago and decided to read it again over the holiday break. I was amazed at how much more I took away from the book this time having developed further as an investor since my first read.
This is one of the best books I have read on investing as it walks through a fifteen point checklist on what to look for when analysing a company. Each checklist point requires in depth analysis and the list is not something that can be quickly checked off by investors. The reason I took more out of this the second time around is that a lot of the points require a level of qualitative analysis that is not taught in business schools, but rather gained from experience.
Re-reading some of the best investment books I have read is one of my goals for 2020, while the book hasn’t changed, I have changed as an investor and this directs new levels of emphasis on certain points.
This book is required reading for anyone wanting to learn how to pick high quality stocks.