For this week's value investing insight, I would like to share with you what are the sources we need to analyse stocks, where to find them and how to prioritize them.
It is very important that we look at the right and the reliable sources. Because stock analysis is very dependent upon information.
By getting the wrong information via looking at the wrong sources, we would have the wrong conclusion about that particular stock.
The principle is that we should always prioritize looking at source documents/primary sources from the company itself instead of looking at third party sources first, such as via Seeking Alpha or other news outlets.
Source #1: Stock Exchange Filings of the target company in that particular country - read their annual, quarterly reports and any other filings starting from the latest one
Source #2: Earnings call transcripts
Source #3: Highly reliable primary sources
Source #4: Secondary sources
>> We should always prioritize deriving conclusions from sources #1 and last, #4.