Value in 60 seconds: Are you driving at night without headlights

13 Jun 2023 · 1 min

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Fundamental analysis is like headlights when driving at night: you don't need it to dominate every decision, but ignoring it entirely is reckless. Use it to size positions and flag red flags, not as a rigid buy or sell rule.

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We do a lot of hard work here and we take a lot of pride in that. And I want to make sure one thing is clear though, that we're not here to say that fundamentals should be 100% of your process. We're here to say it shouldn't be zero, not when you have access like we have. So you may still like a variety of stocks that we say have a bad rating, but at least you know. That, hey, we're raising a red flag. Fundamentals maybe don't look so good. And so you may consider that position a little bit different. Maybe it's a lower weighting. Maybe you change your mind. Maybe you don't change your mind, but at least you're not driving at night without your headlights. You know what's going on. And that's really the perspective that we're looking to bring to you. I don't pretend that we're here to tell everyone what to do or not do. If we were that good, we'd be doing this meeting on the new construct yacht. We're here to provide additional information.