By the time you have made your way to my site, you have already read Benjamin Graham’s The Intelligent Investor. You’ve gone through Warren Buffett’s annual letters to shareholders of Berkshire Hathaway. And you’ve read Philip Fisher’s Common Stocks and Uncommon Profits.
Once you figure out the general rules that you are going to use to guide your investment decisions, the next step is the application. How do you connect the timeless philosophical principles that lead to long-term superior investment performance to actual circumstances in real life?