In a prior post, I recommended Michael Shearn’s Investment Checklist: The Art of In-depth Research. A good checklist is short but not too short. If the list is too long, it won’t be used. Warren Buffett and Charlie Munger keep it very simple. The 4 criteria they use to evaluate new business ideas is outlined in Peter Bevelin’s Seeking Wisdom:…
We valued Apple in my Financial Markets and Instruments class in November 2017. Afterward, I recorded a short video outlining the valuation process used. The video addresses some of the major themes we discussed during the course, including the importance of gaining an edge, linking your thesis points to your valuation model, and using multiple valuation methods.