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More than five years ago, I began my journey as an investor with enthusiasm, a bit of theory, and mostly a lot to learn. Today, after hundreds of hours reading financial reports, costly mistakes, interesting gains, and deep reflection on what it really means to “invest intelligently,” I want to share my learnings. What you will read here is not a miracle method, nor a promise of returns, but a condensed set of concrete insights and rigorous practices that have transformed the way I approach investing.My chart starts in 2021 because my investments from 2019 to 2020 were passive in BRK.B and ETFs (SP500 & TSX). I really started active investing after 2 years of learning.Reading Financial Reports Like a DetectiveA good investor doesn’t just read a financial report — they dissect it. Every footnote, every accounting change, every line in the proxy statement can contain crucial information. I’ve learned that details aren’t decorative — they often spark ideas or sound alarms.The notes to the...

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Max Francoeur

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1771460879

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