TIP656: Mastering Stock Selection with an Investment Checklist w/ Clay Finck

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 30 August 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today’s episode, Clay offers a detailed guide on creating an investment checklist to help you avoid picking losing stocks. An investment checklist, paired with thorough fundamental analysis, is crucial for making informed and intelligent decisions in the investing world. Great investment opportunities are rare, and a well-crafted checklist is key to distinguishing exceptional companies from mediocre ones. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 01:44 - Why fundamental research is essential to invest successfully. 04:47 - How to generate new investment ideas. 06:47 - How to understand the basics of a business. 08:31 - How to understand the customer base. 10:32 - How to determine the primary risk factors of a business. 19:19 - How to evaluate the strengths and weaknesses of a company. 28:25 - Which financial and operating ratios investors should monitor? 32:53 - How to determine the quality of a company’s earnings and management team. 01:06:51 - How to evaluate growth opportunities. And so much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Books mentioned: The Investment Checklist, 7 Powers, Investment Intelligence from Insider Trading. Mentioned Episode: TIP652: Best Quality Idea Q3 2024 w/ Clay Finck & Kyle Grieve. Mentioned Episode: TIP600: Business Durability and Strategy Masterclass w/ Hamilton Helmer. Mentioned Episode: TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve. Mentioned Episode: TIP602: Same as Ever w/ Morgan Housel. Mentioned Episode: TIP492: The Best Investor You've Never Heard Of — Nick Sleep. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way USPS American Express Onramp Found SimpleMining Public Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	Hey everyone, welcome to the Investors Podcast.
0:05.0	I'm your host, Clay Fink, and today I'm going to be giving a comprehensive overview of how
0:10.0	you can build an investment checklist to ensure you're covering everything you need to know prior to taking a position in a company.
0:17.0	To do so, I'm going to be covering what I learned from reading this book called The Investment Checklist, The Art of In Depth Research by Michael Schurn.
0:25.4	The Investment Checklist shares 59 checklist items we can use in our own due diligence process.
0:30.8	And the book goes into incredible levels of detail, so I think you're really going to get a ton of value from tuning into this discussion.
0:37.0	During this episode I'll be covering how to understand the basics of a business, how we can evaluate the strengths and the weaknesses of a business,
0:45.2	which financial and operating ratios are most important, how we can evaluate the quality of earnings
0:50.0	and the quality of a management team, and how we can evaluate the growth opportunities that lie ahead for a company.
0:55.4	At the end of the episode I'm also going to discuss the live events we'll be hosting for our
1:00.2	TIB master my community as well which is going to be in New York City the first weekend of October.
1:05.6	I hope this episode will help you become better at understanding what really makes businesses
1:09.6	tick and whether they're going to make for a good company to hold in your portfolio.
1:14.4	With that, let's get right to it.
1:18.8	Celebrating 10 years and more than 150 million downloads.
1:23.6	You are listening to the Investors Podcast Network.
1:26.3	Since 2014, we studied the financial markets
1:29.5	and read the books that influence self-made billionaires the most.
1:33.0	We keep you informed and prepared for the unexpected.
1:36.4	Now for your host, Clay Fink. So diving right into the book here I decided to cover this book on the show because I thought
1:52.3	it did a really good job of giving readers an overview of what to look for exactly in a business and how to properly do fundamental research.
	...

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