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jerryking : financial_statements   3

Want an edge? Call the CEO - The Globe and Mail
Jul. 03 2012 | The Globe and Mail | FABRICE TAYLOR.

Investing is a game of scarce advantages, yet an edge is difficult to come by in the stock market. You certainly don’t get one by just reading financial statements. A million others are doing that. Ditto with screening tools. They’re useful as a starting point but. again, they’re not exclusive to you.

It’s the same with the Internet. Any monkey can Google, so you’re not going to get an edge by spending hours scouring the darkest corners of the Web.

The only thing that can give you an edge is making connections that few others have, or interpreting what sources say to you.... No matter how much you read, how much time you spend, how elaborate your Excel model, you will never understand a business better than the CEO. Not only do they live and breath their work every day, and likely have for years, they also have information you don’t have. What you look at – the latest results – are dated. He or she has real time and, in fact, advance data.

Q1:one of my favourites is: “Who is the best analyst on your stock and why?”
Q2: Another good question for a CEO who doesn’t appear too promotional is whether it’s a good time to attract a lot of investor attention.

Sponge up insights about their companies and their suppliers, competitors and customers, as well as coming technological changes that could hurt or help a business....investing in one company on the basis of ideas received from another is a “bank shot,” like a basketball bouncing into the hoop. “The ability to look beyond just the numbers to see all different types of bank shots is something that can’t be replicated by a spreadsheet,”
slight_edge  CEOs  due_diligence  proprietary  informational_advantages  Communicating_&_Connecting  interpretation  real-time  questions  humint  financial_statements  insights  exclusivity  personal_knowledge  personal_connections  personal_meetings  personal_relationships  technological_change  bank_shots 
july 2012 by jerryking
The financing gender gap - The Globe and Mail
Mar. 04, 2011|Globe and Mail | Special to MARJO JOHNE
An October 2010 report by the SME Financing Data Initiative – a joint
project by Industry Canada, Statistics Canada and Finance Canada to
gather information on financing for small and medium-sized enterprises –
found that, in 2007, 85 % of female-owned small businesses that applied
for a loan were approved. By comparison, the approval rate for
male-owned small businesses was 96 %. Female-owned businesses also got
less money, receiving an average amount of $118,000, compared with
$284,000 for the companies owned by men. At the same time, female
entrepreneurs had to provide lenders with more documentation – such as
personal financial statements, appraisals of assets and cash flow
projections – than male entrepreneurs, the report found.
gender_gap  entrepreneurship  women  uToronto  glass_ceilings  funding  financial_statements  SMEs  venture_capital 
march 2011 by jerryking

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