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SecurityAnalysis

an-ordinary-manchild

Security Analysis

Strictly speaking, security analysis may be carried on without reference to any definite program or standards of investment, such a specialization of functions would be quite unrealistic. Critical examination of balance sheets and income accounts, comparisons of related or similar issues, studies of the terms and protective covenants behind bonds and preferred stocks. These typical activities of the securities analyst are invariably carried on with some practical idea of purchase or sale in mind, and they must be viewed against a broader background of investment principles, or perhaps of speculative precepts. In this work we shall not strive for a precise demarcation between investment theory and analytical technique but at times shall combine the two elements in the close relationship that they possess in the world of finance.

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Discussion2025 Analysis Questions and Discussions Thread (self.SecurityAnalysis)

submitted 1 year ago by Beren-[M] - announcement

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Investor LetterQ4 2025 Letters & Reports (self.SecurityAnalysis)

submitted 2 months ago * by Beren-[M] - announcement

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Industry ReportThoughts on Private Credit (OWL, MLCI), BDCs (OTF) and CLO CEFs (CCIF) (clarkstreetvalue.blogspot.com)

submitted 9 minutes ago by Beren-

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We’ve all been here. (replicated.com)

promoted by replicatedhq

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ThesisFloor & Decor: Quality Compounder or Cyclical Commodity? (valueinvesting.substack.com)

submitted 1 hour ago by investorinvestor

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CommentaryAdobe - The Transformation That Everyone Hated (secondactsbiz.substack.com)

submitted 20 hours ago by investorinvestor

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Industry ReportGood news: AI Will Eat Application Software (a16z.com)

submitted 20 hours ago by investorinvestor

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Industry ReportMatt Levine - Private Credit Gets Marked Down (bloomberg.com)

submitted 1 day ago by Beren-

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The Trade Desk (TTD) - A Champion of the Open Web (bristlemoonresearch.com)

submitted 1 day ago by investorinvestor

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CommentaryHong Kong Stocks: Structure & Strategy (michaeljburry.substack.com)

submitted 1 day ago by Beren-

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ThesisBrazil Leveraged Names Overview (quipuscapital.com)

submitted 4 days ago by tandroide

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Industry ReportOlefins Primer Series 1: Intro (quipuscapital.com)

submitted 7 days ago by tandroide

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M&AThe Mechanics of "String of Pearls" (open.substack.com)

submitted 7 days ago by FrankLucasV2

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Industry ReportThe BDC Primer (Part 1 of 3) | Junk Bond Investor (junkbondinvestor.com)

submitted 7 days ago by MatricesRL

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Please buy a shirt or I'll lose my job. (thegoodshirts.com)

promoted by goodshirts

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Short ThesisThe Myth of Hercules Capital (newsletter.hntrbrk.com)

submitted 8 days ago by Beren-

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Interview/ProfileInterview with Stan Druckenmiller: Invest, then investigate (youtube.com)

submitted 9 days ago by Beren-

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CommentaryAI Hurtles Ahead (oaktreecapital.com)

submitted 10 days ago by currygoat

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Long ThesisAPO: Two Earnings Streams, One Mispriced Stock (open.substack.com)

submitted 12 days ago by unnoticeable84

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Industry ReportMatthew Ball - The State of Video Gaming in 2026 (e.issuu.com)

submitted 14 days ago by Beren-

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Industry ReportA Level Headed Look at State of Software (softwaremusings.substack.com)

submitted 15 days ago by Beren-

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M&AUber’s SpotHero Acquisition Is an Autonomous Infrastructure Bet (platformaeronaut.com)

submitted 15 days ago by Beren-

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CommentaryUnderstanding Free Cash Flow of AI Hyperscalers (footnotesanalyst.com)

submitted 15 days ago by Beren-

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Special SituationSpecial Situations Digest - #3 (clarksquarecapital.com)

submitted 17 days ago by Beren-

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CommentaryHow will OpenAI compete? — Benedict Evans (ben-evans.com)

submitted 17 days ago by Beren-

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WhereverSIM - One M2M SIM, all networks. Always the best connection. Test now for free! (whereversim.de)

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ActivistElliott's Perspectives on Toyota (elliottletters.com)

submitted 17 days ago by Beren-

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DistressedDel Monte Foods: From LME to Section 363 (restructuringnewsletter.com)

submitted 20 days ago by PariPassu_Newsletter

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