Investment Research / Process

Growth Thoughts

Deeper thinking on a concept central to value.

5 hrs ago • Adam Mead

The 10-Minute Test Before You Do Any Deep Work

Efficiently filtering a list of ideas is some of the best work you can do.

Apr 15 • Adam Mead

Why Most Investors Waste Time on Bad Ideas

Too many investors spend time analyzing things that were never worth it.

Apr 8 • Adam Mead

Calculating Return on Capital

A step-by-step guide using Boston Beer (SAM) and Heartland Express (HTLD)

Aug 27, 2025 • Adam Mead

All Roads Lead to Return on Capital

From a simple savings account to the most speculative startup, return on capital is at the heart of investing.

Jun 11, 2025 • Adam Mead

Buffett: Read The Footnotes

You have to do the work, which means a lot of reading. An example from Kraft's "dumb" pizza deal.

Apr 21, 2025 • Adam Mead

122: Lemonade Stand Analysis or How to Analyze a Stock

Remove complexity to lay a solid foundation for understanding

Sep 25, 2024

104: Good Research Takes Time (Bonus: Buffett Video)

A behind the scenes look at my process updating research on a company and some advice from Warren and Charlie

Sep 22, 2023

74: The Tale Of The Time Traveling Cash Flow

Thoughts On Growth

May 31, 2022 • Adam Mead

64: Buffett On Finding Your Circle of Competence; Berkshire's Unique Sales Policy

Finding Your Circle Of Competence

Apr 1, 2022 • Adam Mead

55: Why Equity Investors Should Know The Five C's Of Credit?

Rule #1: Don't lose money; Rule #2: Don't forget rule #1

Feb 18, 2022 • Adam Mead

49: Optimal Is Relative; Running Your Own Race; Selling It All

You’re reading the weekly free version of Watchlist Investing. If you’re not already subscribed, click here to join over 1,060 others. Want more…

Jan 31, 2022 • Adam Mead

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts