The importance of questions and never investing more than you can afford to lose (reprint 06/23/06)
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As an analyst you live your life asking questions. It’s great. You get to grill management teams almost daily about their strategies to compete in the market and then determine if it makes a suitable investment. We can think of no better “MBA” for an individual coming out of undergraduate studies than to consider the field of investment research as it allows them to learn and evaluate a host of business philosophies and strategies. Unfortunately (fortunately,) everyone has to answer to someone.

Management teams have to answer to investors and the employees that choose to serve the customer through their organization (the company.) “Sell side” (brokerage firm research) ...

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