1. Wrote Short Post-Mortems
After every earnings call or major event for stocks I was tracking, I wrote 5-6 lines on what I misunderstood or got wrong and why. This helped me identify gaps quickly and improve much faster than just consuming more content.
2. Used Macroeconomics to Explain Numbers
Interest rates, inflation, and liquidity were always linked back to financial statements.
If a macro variable couldn’t explain a change in revenue, costs, or cash flow, it wasn’t useful.
3. Read Finance News Daily (With a Filter)
Every news item was mapped to earnings impact, balance sheet stress, or valuation change - not consumed passively.
4. Studied Fewer Companies, Repeatedly
I followed a small set of companies quarter after quarter to understand how guidance, execution, and assumptions actually played out.
5. Read Annual Reports for Decisions, Not Stories I focused on capital allocation, acquisitions, debt, and capex - then checked whether outcomes matched intent.
6. Built Simple Models to Stress Assumptions
Models were tools to test drivers.
If changing one assumption didn’t meaningfully change outcomes, the thinking was wrong.
7. Rebuilt Financial Statements From Scratch
I took real companies and reconstructed their P&L, Balance Sheet, and Cash Flow to see how one decision flows across all three.
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