Just sent long reply9 May 2018 22:30
It took 20 mins and didn’t send.Grrrrr. I work wholistically. Discount to future earnings/projected growth rates/P/E/Alpha/Beta/ Omega events ( like 9/11 or Lehmans) all thi stuff is very rigid. Too many other variables these days. Was more relevant 25 yrs ago. Too many changes now. You gotta keep learningtge variables which can be different for different companies of course. New modi operandi these days. Read about company analytics anywhere but they are often irrelevant to the s/p except sometimesxlonger term. I think Watren Buffet’s way is not relevant unless you are willing to sleep that sleep and turn the screen off ( but he would’ve missed Tesco woukdn’t he!). After 25 yrs trading I am still learning all the time ( As Benny Hill used to say) . No rigid markers except good management and sound debt to profit ratio. They go together. And even then ya can get caught out ( oil/gold 2014 ?). No rigidities in the stock market ...that’s what makes it a constant learning process. Learned more about MM games/shorting/algorhytms in last 4 yrs than I thought possible. And still scratching the iceberg. The stock market is a real dude!!