Bruce Berkowitz, manager of the market-beating Fairholme Fund, agrees: “Why wouldn’t you look at what other great investors have found?”
There is no single answer to how great investors find their best investment ideas. Some scour databases and run stock screens for signs of undervalued companies. Others rely on industry contacts to identify actionable trends or early signs that a company is undergoing positive change. All are voracious readers and often identify ideas in this way. And there is no substitute for long experience – as a friend of mine puts it, “living in the world”; drawing from a deep base of knowledge about industries and companies to see patterns and opportunities that others are missing.
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There is no single answer to how great investors find their best investment ideas. Some scour databases and run stock screens for signs of undervalued companies. Others rely on industry contacts to identify actionable trends or early signs that a company is undergoing positive change. All are voracious readers and often identify ideas in this way. And there is no substitute for long experience – as a friend of mine puts it, “living in the world”; drawing from a deep base of knowledge about industries and companies to see patterns and opportunities that others are missing.
Read the complete article
