Personal wealth Cover Story: Aggregate-style investing

[CityFarmer]

Thanks! What you're referring to is similar to what Philip Fisher described in his book "Common Stocks & Uncommon Profits" ie. talking to everyone connected to the listco - competitors, customers, suppliers, staff,...

What I was referring to is what I'd have deemed to be "material" disclosures that a listco ought to have first announced thro' SGX ie. not for us to read it first from analysts / journalists, who'd interviewed them. I suppose the lines are rather blurred here and my interpretation of what's "material" is too stringent....

So, yes, read Stocks Exchange Annc (both listco & competitors, can include foreign ones), Analysts' Reports, News Articles, Magazines Articles and supplement with Trade / Industry Reports. Where possible, talk to the people who're involved in the entire value chain, mgmt, staff, competitors, suppliers, customers,.... Lastly, walk / browse (online) around... to get a better feel....

Sounds like a lot of work? No problem... there're always other approaches, like those of Benjamin Graham, which involves mainly looking at the numbers... Anyway, we have the choice to select the combo that suits our time & temperament best... Some days, just sit in our armchair, in aircon comfort and research thro' the internet. Other days, can walk aro' to see for ourselves the actual biz / office. Also, can call the IR to arrange for chit-chat session with them, either thro' email, phone or in person...

Yes, I read Philip Fisher's book, and struck a chore with his scuttlebutt approach.

It is tedious. At the end of the day, on top of clearer picture on the stock, added knowledge and wisdom (hopefully) are also make me feel good, and make the effort worthy.