I love analyzing stocks. I can spend hours looking at companies and industries. I’ll look up a company’s website, review its annual statements and recent news, look at competitors, and read about the industry. Sometimes I buy, sometimes I don’t, and sometimes I just watch and wait.
I’ve recently started listening to quarterly earnings reports as well. Hearing the voices of the executives as they read their prepared remarks and listening to how they answer a variety of questions can give an impression of the company that you can’t get from a printed statement. The questions that listeners ask are also intriguing to me. Sometimes I can tell exactly why someone asked a particular question; other times I feel that there is some secret behind the question. It’s been a fun learning experience to get involved in companies this way.
