[blabla_blublu]

Used to watch my dad come back from work and stay glued to the television tracking the tickers. I used to help him keep track of a few stocks as well. Slowly got interested and picked up some random book that explains the stock market terminologies.

The #1 takeaway from the book is "Before you buy the stock, give an elevator speech with facts(data-driven) and reasons as to why this stock is going to be a good buy."

Turns out a lot of my investments don't stand this test!

[fauigerzigerk]

The problem is that there are pros and cons to every stock. Weighing them and getting the timing right is incredibly difficult though.

So if someone makes an elevator pitch for some stock, what I would be asking is why these pros are going to outweigh these cons.

And that's where we're back to square one where everything is just opinion and ituition, albeit better informed, which has to count for something.

I'd like to add some sort of quantitative discipline into the mix. And I mean something that has some statistical credibility.