Living with Small Investments before Making a Commitment Avoid Purchasing Full Positions on Day One

Research or Acquisition: Which Should Come First?

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We’ll probably take “R&D” positions in stocks [before completely finishing our research]. Action adds a sense of urgency to the work – there are so many things to look at in this business that things can fall through the cracks unless you force yourself to focus. Having capital on the books does that.
Source: http://www.valueinvestorinsight.com/