101 - How to find good stock ideas (FAQ)

Mental Models discussed in this podcast:

• Cloning / Copycat

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Show Outline

The full show notes for this episode are available at https://www.diyinvesting.org/Episode101

Question: How do I find good stock ideas?

• Identify 3-5 of your favorite investors you follow
• Open a new spreadsheet
• For each investor:
  • Go to their website and write down the ticker and company name for every single company they've ever written up
  • If articles are paywalled that's fine. You don't need to read the articles, simply take down the name and ticker. 

With 5 investors you should have a nice long list. At least 100 stocks. 

Now simply go one by one and read the annual report or 10k for each company. Value the company and add the valuation to your spreadsheet. 

Now you have a watchlist. 

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Summary:

The best way to identify good stock ideas is to copy a watchlist of investors you trust and respect. Their best ideas can form a strong foundation for your watchlist.