So I've been investing for a while now and I'm pretty obsessed with fundamentals. Like, I'll spend hours digging through SEC filings, reading earnings transcripts, cross-referencing congressional disclosures when relevant. It's part of the process right? But lately I've been thinking about how inefficient this actually is.
Here's the thing that bugs me. When you're trying to find a genuinely undervalued company, you need to understand the business deeply. That means reading the 10-K, understanding the competitive moat, checking if management is actually allocating capital well. But the sheer volume of data you have to manually sift through is insane. I'll spend 3 hours on a single stock just to realize it doesn't fit my thesis.
And then there's the problem of missing stuff. You can't possibly monitor everything. Some earnings miss happens, some congressional disclosure comes out about a company you own, some SEC filing reveals something important. By the time you notice it, the market's already moved.
I've been experimenting with different tools to speed this up.
Anyway, I'm curious if anyone else has run into this problem. Like, how much time do you actually spend on research per investment? And are you using any tools that actually save you time without feeling like they're just adding more noise? Because I feel like a lot of us are still doing research the way we did 10 years ago when we could just use better systems.