Enough with the easy stuff like utilities and restaurants. Let’s dive right into the deep end and try to swim. *****This is a important story, so pay close attention. Years ago I served on a committee with the best selling author of investment textbooks in U.S. history. He was a smart guy, and very highly regarded by his peers. He was talking to another professor about a graduate level security analysis class that he taught every year. The class required each student to do a 30 page in-depth analysis of one company. The esteemed professor said:
Cyclicals - Danger - Beware
Cyclicals - Danger - Beware
Cyclicals - Danger - Beware
Enough with the easy stuff like utilities and restaurants. Let’s dive right into the deep end and try to swim. *****This is a important story, so pay close attention. Years ago I served on a committee with the best selling author of investment textbooks in U.S. history. He was a smart guy, and very highly regarded by his peers. He was talking to another professor about a graduate level security analysis class that he taught every year. The class required each student to do a 30 page in-depth analysis of one company. The esteemed professor said: