For new Ideas, I use screeners. Screeners allow for investors to drill down through layers and layers of information to get at exactly the information they want in a very convenient manner. They allow for instantaneous changes in sorting parameters and allow the investor to sort through literally thousands of companies over and over and over again. Quickly. It’s from these screens that I find those companies that will ultimately interest me enough to add them to my spreadsheets. And it’s those companies that I'm able to then zero in on in further detail.
Years of investing has taught me that preservation of capital and not making mistakes will take and investor a long way down that road to financial freedom a whole lot quicker. I’ve always said it’s easy to make money in the market and easy to lose money in the market. The hard part is holding on to it.