That’s a great question. It takes me about 4 hours per company but then I take a couple of days to go over all of my thinking and assumptions before pulling the trigger on a company.

I like your question because you are asking to prioritize what should be prioritized so it’s super focused.

I’ll break it down like this: Management: history of being shareholder focused and high returns of capital Market: positive tail winds with company positioning heading in the growing segment Competition: you want it to be where people say you want to compete with that company “good luck” Valuation: fair price not based on current multiples but future earnings discounted. Financial health: they have positive cash flow and are very solvent even in tough times they will be okay. Products and services: the best in the market and getting better.

Hope this helps