Malcolm Gladwell, the author of the well read books, the tipping point and outliers, famously stated that anyone can master a skill provided he puts in 10,000 hours of practice 10,000 hours, you've got to be kidding. But not to worry, mastering reeth investment doesn't take that long. Moreover, that 10,000 hour statement, in my opinion, is somewhat of an exaggeration. You see, mastery, to me is more than a matter of practice. It is also about learning from the hits and misses learning from someone who has gone through the journey from novice to master, such that doing so will drastically reduce the duration of any learning curve. That is why I'm here to help you become a real master in no time.
I will do so by introducing you to the four important steps steps a B, C, and D. First up step a, which is about scanning and filtering your selection. With so many listed reads to choose from, where should you start looking? Step eight answers that question. You see, the method of going through every single listed read is terribly inefficient. We have to work smart here to swiftly filter these reads by using certain principles and numeric variables in order to build a list of potential rates for step B, which is about looking at the qualitative factors that many times can be harder to analyze than just looking at the numbers. We are going to dive deep into these descriptive factors and find out the signs of exceptional reads.
The goal here in step B is to enable you to pick up exceptional reads from the list created in step eight. Moving on to See, we will attempt to answer when to buy or sell or read using valuation models. These three models that I am going to share with you will equip you with the skills to determine the worth of any reads instantly. Last but not least step D. Have you heard of the saying that once you cover the downside risk of any investment, the upside will take care of itself. Step D is all about that learning how to predict and manage the risks associated with holding reads. And this sums up the four vital steps and achieving mastery over investment.
Throughout these steps. I will throw in various names of reads which I think are exceptional. So do pay close attention. But as always practice your own independent thinking and due diligence before you invest in anything. With that said, let's begin with step a in the next session.