Como seleccionar as melhores empresas para investir na Bolsa

1. Mapping

• Asset class selection

• Macro capital allocation (long term)

• Underlying and instrument selection

• Matching investor profiles and objectives to investment strategies

• Database selection (Types and quality of data: institutional, market, financial, events & other)

2. Tracking/Prospecting

• Holding term rotations (Example: zigzag charts)

• Group/style tracking (Examples: sector and style rotations)

• Shoal selection (combinatorics)

• Tracking the shoal or the fish

3. Screening

• Strategy selection

• Strategy design

• Following the gurus

• Filtering techniques

• Pre-defined screens (e.g. TA Screens)

4. Due Diligence analysis

• Strengths (Historical returns, profitability, financial strength, momentum)

• Weaknesses (Valuation, price manipulation, exposure to scams)

• Short listing based on scoring

• Short listing based on stock ratings

6. Watchlist building

• Selection based on multi-dimensional analysis (Illustrative charting)

• Multi-period analysis and timing

• Multi-strategies

7. Diversification and weighting

• Understanding (why) diversification

• Diversification check-up

• Portfolio weighting methods

  • Risk: Mean-variance optimizers and the efficiency curve

  • Quality: StockMarks^TM quality rating

  • Other (equal weight, capitalization, etc.)

8. Cost-benefit analysis of sophisticated stock-picking processes