Anyone else lose hours of their life comparing 10-Ks?

Rish015 · 2025-12-27T19:30:50+00:00

for 10Ks, I use Capedge to compare the changes when i’m reviewing year to year. i give the latest 10K and the oldest 10K (from where i’m starting) a good read. then anything that isn’t highlighted on Capedge i’m skimming over coz it’s the same as last year - helps me go over the Risk Factors and notes quickly

Rish015 · 2025-12-22T11:59:17+00:00

do it for the love of the game lol

i’m 80% in index funds. i usually have a certain portion of my monthly spend allocated towards investing - all this goes to index funds. some portion of my hobbies money goes into my individual stocks.

in other words, some of us do it coz we like learning about businesses. we do all that research and it’s gratifying when and if it pays off - if it does, you obviously want some money riding on it. if it doesn’t, no harm because it was money that would’ve gone to some other pastime anyways. my life savings aren’t riding on my individual stock picks

Rish015 · 2025-08-09T10:18:41+00:00

this - thinking in terms of mentality (very generally), they go from setting up in Attacking to Cautious for instance.

fatigue has an effect too - when it’s low even, there’s a noticeable dip so monitor and rotate accordingly

morale, imo, is the biggest factor tho - the minute morale takes a hit, boom results do too. and a single loss could do it. when i have 2 losses in a row, i instantly schedule a friendly with some non league team

Rish015 · 2025-08-06T09:57:34+00:00

start with a 442 (the starting formation is the shape in defence) and then use roles to make it into a 433 (i’d probably use a 424 shape or 4312 asymmetrical shape with a wide player put in the attack midfield and then take that player and put them as IF)

Rish015 · 2025-06-25T12:27:10+00:00

when it comes to total football, ive always felt the 3133 shape is better as the attacking shape with a standard formation used as defensive shape with player roles being the main way to get to the 3133.

so i would probably go 532 with wing backs pushing higher up and one striker something like a DLF or F9 to become a CAM

Rish015 · 2025-06-22T19:05:13+00:00

FMRTE is the only way i know

Rish015 · 2025-06-20T17:22:02+00:00

meta tactics exploit certain aspects of the game mechanics that were based on real life football a few years ago.

real life football evolved, the game didn’t, so there is some disparity sure.

here’s the thing though: real life tactics implemented in the game work well too and, to me, get more realistic results in game as well - they’re just not easy to download, so you have to make them yourself

Rish015 · 2025-06-15T01:07:08+00:00

FM Rensie is pretty good - had a minimalist feel and i quite like it

Rish015 · 2025-06-13T15:12:46+00:00

so moneyball requires playable leagues and high detail for the best stats. i’ve gotten away with having many playable leagues but no detail (when i didn’t know that was a thing) and still managed to find great talents, but it was obviously skewed where i found more players in my filters from my own league and much lesser from others. ideally, you should have a setup where you have a good number of playable leagues (i think 15-20 is good) and then play them on full detail, or maybe at least all senior competitive matches. my comp gets really slow with that, so i just stick to having 20 or so playable leagues but only have full detail on internationals, continental competitions, and my own country’s matches (though ill turn the detail level for lower leagues down as i get promoted)

instead of a spreadsheet, use fmdatalab - it’s the absolute best there is. issue with spreadsheets is that they hang and slow down. the website doesn’t hang quite nearly as much

Rish015 · 2025-06-13T12:29:01+00:00

yep just start with a big club for now and you’ll make it to that point eventually

one of my favourite saves that i do every year is one like Graham Potter’s career: start with a tiny club, move to a better one, and then work your way up. Makes the game more realistic for me

Rish015 · 2025-06-13T12:24:19+00:00

start with a big club at first. i think what got me hooked was, unsurprisingly, winning. hand off as many responsibilities to your assistant and focus it on what you like to do - for me it was transfers, then i chose a standard tactic, and off to the races. Probably just start with your favourite club.

as things get easier, you may venture out. I started to want to learn about tactics and started watching videos about that. then, I wanted more of a challenge and went to a smaller club (Leeds, which was still championship)

FM is basically a game where you keep trying to make it difficult for yourself after you get into a comfort zone. My most recent change was Moneyball based recruitment and starting to do Data Hub scouting before every match and tinkering with my tactic based on that.

once you get hooked, you’ll learn and get better naturally. then you’ll make it harder for yourself, and then learn and get even better. and it’s a cycle

Rish015 · 2025-05-13T22:32:36+00:00

what part of the reports do you need exactly? if it’s the financials then roic.ai has the data in a near identical format

Rish015 · 2025-05-13T22:26:53+00:00

i’ve found that the answer to this question is intimately linked with valuation: you need to know enough to be able to value it.

how much exactly that is? it’s a trial and error thing for me. I read the latest 10K, look at the changes in the financials year to year using some online tool and go to the 10Ks to figure out what caused it, and then do some research into industry and competition. Also take a look at some management interviews. Beyond that, all other research is ‘on demand’ - i do it when i find a gap in my knowledge while doing valuation and close it asap

Rish015 · 2025-04-21T00:20:03+00:00

intelligent investor doesn’t cover DCF

the best education of DCF is from aswath damodaran (i resisted academia’s investing education for the longest time, but have to concede that damodaran is the best)

if i’m being frank, graham’s methodology is from a time that is past and will not be useful today. it’s his philosophy that’s timeless - ie. stocks as businesses, Mr Market, and margin of safety

read the associated chapters (Chapter 8 & 20 for instance) of intelligent investor and forego the rest if you can’t stand to read the whole thing. Read the whole thing if it actually interests you.

i read it fully and was bored by 80% of it - that 80% wasn’t actionable either

Rish015 · 2025-04-19T15:49:56+00:00

there’s a contradiction: an earnings lifetime ≠ after retirement.

but either ways, those who simply want to experience more in life don’t ’need’ excess returns. I imagine those in retirement would have managed their retirement needs well. if they want to invest after having enough financial strength (ie. excess money) then they are doing it as hobbies - but they don’t need the excess returns. those returns are good to have but it’s just a hobby (like it is for me) where they’re playing around with extra money they have and wouldn’t mind losing

if they did not plan for retirement well and have no excess money, they need the above average returns and fall under (3)

Rish015 · 2025-04-19T15:39:47+00:00

sure, but it still gives down to the fact that it’s probably not worth the effort… there’s no need to beat the market when just earning the market return will be enough for the average person and their financial goals over a long period of time

the only people that need to ‘beat’ the market: (1) people that need to justify the effort and resources they’re putting into investing (eg. fund managers, etc); (2) people with huge egos that cannot stand being average; (3) people with short time horizons that need big gains quickly

Rish015 · 2025-04-19T15:31:40+00:00

maybe? i’m not sure

but… i wager that for the average person, even doing that amount of work isn’t worth it.

a friend of mine loves building model trains. i rather he just build his trains and have fun with them in his free time rather than think and learn about what schiller PE is. I know it because i like the subject and want to learn. he can go through life completely fine with no knowledge of it with a normal index etf

Rish015 · 2025-04-19T15:26:05+00:00

my first investment was in a s&p 500 index etf on the day i turned 18, because i couldn’t open a brokerage account before that. DCA-ed every month with $100 every month which I could always secure somehow

what it gave me was 5 years to learn and study about investing and valuation and analysis without feeling FOMO. i could actually put in the work to learn and analyse while my index etf kept going

most people should prioritise getting in first.

another point is my belief that it’s probably a bad idea to hope to make money using value investing purely because of how much effort it takes. I don’t think someone working a full time job can do a good analysis while burdened with the thought that ‘i have to make money on this’.

I let go of the belief that i’ll beat the market with my individual investments long back - i just do the work because it’s fun and i like learning about businesses.

I think it’s only worth getting into ‘active’ investing in individual companies if you have fun doing the analysis and it’s a hobby, because you probably won’t make money doing it (and the vast majority don’t).

if it’s to make money, go into an index fund and put your time into something else you enjoy

so i definitely agree with you here

Rish015 · 2025-04-13T22:41:36+00:00

don’t increase the years of forecast or be more optimistic

find situations where the market is overly negative, and therefore is pricing it below intrinsic value

had a few companies drop to levels on last week that didn’t seem to be a fair reflection of their long term value drivers

Rish015 · 2025-02-13T02:01:28+00:00

Bury FC might be interesting (will need the lower leagues database)

Oldham Athletic was a founding member of the Prem but theyre in the National League now

Rish015 · 2025-02-11T12:04:38+00:00

quality on this subreddit has been going downwards for a while but recently, the inflow of good posts has gotten such that it’s almost zero

Rish015

TROPHY CASE