“You need a different checklist and different mental models for different companies. I can never make it easy by saying, ‘Here are three things.’ You have to derive it yourself to ingrain it in your head for the rest of your life.” – Charlie Munger

Eoin Treacy's view

Here is a link to the full report.

Something David and I have talked about at The Chart Seminar for decades is that you need to have the humility to cater your strategy to the reality provided by the market. This means not telling the market what to do but responding to circumstances as they evolve while monitoring the consistency characteristics of the trend.