Upon completion of my most recent semester, i embarked on a quest to utilize my 'free time' more efficiently than former breaks. My to do list mainly constituted of reading more books and annual reports. The books on my to do list are:
1. Finish Phil Fisher - Common Stocks and Uncommon Profits
2.Ben Graham's - Security Analysis
3. Applied value investing books/ financial statement analysis books.
1 has been done, 2 has been started (although quite a tough read, indeed) and 3 is in the mail as i write this. I'm pleased to see my time allocated to building upon myself and developing a stronger character. My biggest regret is not reading more during my teenage years. I believe reading is one of the fastest ways to obtain knowledge.
With Annual reports, Nick Scali (ASX:NCK) is a company I'm beginning to read up on. It's a company I've had interest in for a while and on face value, meets a substantial portion of my investing criteria. However, i will spend at least another 2 months before making a decision.
I'm also pleased to see my investing acumen developing at a fair pace. However, i believe it will never be fully developed. This is because the learning process should never end. If you think you know everything, the game is over and you've lost. The keen individual will never sleep.
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