The Research Workflow

Introduction

A repeatable workflow turns raw research into disciplined decisions. This lesson lays out the process so you can apply it consistently to any stock.

The Repeatable Sequence

1. Idea — a company or hypothesis catches your attention 2. Thesis — write what and why 3. Qualitative — moat, management, industry 4. Quantitative — metrics, cash flow, health 5. Red flags — active search for problems 6. Valuation — DCF/multiples, a fair range 7. Scenarios — base/bull/bear and sensitivity 8. Decision — buy/hold/pass with size and stops 9. Monitor — review as facts change

Write It Down

Record each step:

• The thesis and the numbers
• The reasons you entered
• The conditions that would make you exit

Stay Consistent

Apply the same workflow to every idea:

• Avoid analyzing favorites loosely
• Use the same checklists so nothing is skipped
• Consistency beats brilliance over time

Review Past Decisions

Periodically look back:

• What did you get right?
• Where did emotion or routine creep in?
• Refine the workflow accordingly

The Workflow Wins

Most long-term success comes not from one great call but from a repeatable, disciplined process applied over many decisions.

Summary

• A workflow: thesis -> analysis -> valuation -> decision -> monitor
• Write everything down for later review
• Apply the same checklists consistently
• Review past decisions to improve
• Discipline and consistency drive long-term results

Next Lesson

Making the final call: buy, hold or sell.