Honorary first post; I usually lurk so I don’t say stupid things (which I reserve for wsb, of course). This is going to be a stupid thing, because I’d like to be less stupid in my approach to investing. I’m here because WSB would tear me apart. Bear with me if you can.
I’m looking for some decent literature on carrying out due diligence. I’m becoming less interested in restricting 100% of my investments into trading on companies that everybody knows has great long term value. I work in the IT world, and I see a lot of these publicly traded cloud companies that people are discussing, and have the opportunity of carrying out due diligence on them as investments while I evaluate and learn about their products.
However, this poses a few questions. How does determining value of a company change from various sectors? What kind of scandal could be extremely negative for tech that would hardly impact retail outlets? Data breaches certainly affect cloud providers far more than credit companies, as we’ve recently realized. I understand there is no simple set out answer, but who are some good authors, articles, or podcasts (any medium is fine for me) that typically discuss this information.
Now, I hate to ask this to begin with, as Google definitely exists. However, investing is so trendy nowadays; a lot of articles seem to be pretty skin deep and flood my search results. I would go with obvious books like The Intelligent Investor, but I’m not sure how the relevancy of Ben Graham has carried on after four decades of the guy being dead. I’ve heard the foundational knowledge is great, but not always applicable to current markets. Are there better, more relevant pieces written in respect to the modern market?
If you can’t recall any literature, what are the right questions to be asking in searching for methods of due diligence?
Finally, I’m sorry this isn’t as concise as I’d like it to be.
TL;dr: I want to read, give me book. Is Ben Graham still OG? If not, who is?
Submitted August 25, 2019 at 07:23PM by emceebull https://ift.tt/2Pf1NUL
