Enright: Separate Stock Dynamics From Business Quality for Fundamental Investing
Paul Enright · Paul Enright – Inside Long-Short Equity Investing (Capital Allocators, EP.266) · Aug 15, 2022 · at 13:15
Former Viking Global partner Paul Enright explains the distinction between fundamental business underwriting and stock selection to Ted Seides.
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“You have to Start with understanding the underlying business if you want to be a fundamental analyst, and that is its own set of analysis, and it's talked about all the time, but then separate and apart from that, you have to understand the dynamics of the stock. At a minimum, the table stakes there is valuation, and then increasingly, you have to understand liquidity, technicals, factors, exposure, and then you need to understand those stocks, how they interact with one another.”
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