What I’ll Be Reading Next – Annual Reports

By Seattle Municipal Archives from Seattle, WA (Engineering Department annual report, 1967) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Sleep per Day: (Target) 7h30m / day (Actual) 7h23m  / day (43 day average)

I’ve gotten to the point in my quest for investing knowledge where reading blog posts won’t cut it anymore.

I need much more complex knowledge to satisfy my hunger.

To satisfy this hunger, I have three pathways lying ahead of me (in no particular order):

  • Go very technical (finish my CFA studies)
  • Go very conceptual (read investment books)
  • Go very broad (read annual reports)

I’ve chosen to “Go very broad” simply because it’s the pathway that’s free (if you want to do things legal) but also provides the highest synergy with my investing and my current job (product marketing).

Knowing about different companies from different industries will allow me to cross-pollinate best practices and create unique insights that may come in handy for my current job.

And since I’m going for an investment style that involves owning the bluest of blue chip stocks (which makes my purchasing universe contain only 23 companies), I’ll need to really know about these companies if I’m going to hold them for very long durations of time, so I’ll start off by reading the annual reports of these 23 companies and also annual reports from competitor companies in their respective industries.

That should get me busy for some time. Hopefully I can also write about things I’ve learned from reading these annual reports in the future.


Not advice. No offer. Do not rely. May lose value. Risky. Conflicts hidden/obscured. (Borrowed from Terrence Yang‘s Disclaimer on Quora)


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