In preparing to enter the business world, we were told that it would be a good idea to read the paper daily. We were promised that it would become natural and, even in the extreme, that there are some people that look forward to that morning paper.
As of today, I'm am now in that place. I've been regularly reading the paper to understand the key business stories of the day, but I'm starting to feel a sense of withdrawal since there was no Sunday paper today at Rotman. I actually find myself craving reading tomorrow's paper to see what has been happening in the business world and around the globe. I caught myself browsing through the internet looking for news stories about some of the major companies that have been in the news lately and the latest related developments.
We've also be given our companies for the RFA stock pitch competition and my partner and I have reviewed our company and although it presents its unique challenges it is also paired with unique and highly profitable earnings growth opportunities (a healthy CAGR), we believe we have a compelling story for a long position.
This bring me to my point. Most people who know me know that I am comfortable with numbers (a quant by nature and training). But doing the CFA and MBA has reminded me (or rather, highlighted in my personality) that I want to know the story behind the numbers. In reading the paper and analyzing the company we were assigned for the competition, I've found that I really enjoy the discussion that follows thoughtful analysis.
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1 comment:
Yes, it is good to have the story behind the numbers.
But bear in mind that more information does not equate good information...indeed, too much information (or looking for too much information validating your view) can be a bad thing.
Check out the behavioral finance series site I help set up. You may want to share it with your colleagues to be aware of any psychological errors in decision-making.
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