Margin of Safety Investing Tools

My go-to tools, websites, platforms for stock research

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To be successful in any trade or art, you must master your tools. I thought I would provide an (incomplete) list of some of the tools and resources I go to frequently throughout my investment process.

I often wonder what other investors’ processes look like and so here’s a little peak behind some of mine. These are some of the tools and resources I use. Feel free to give them a try and comment below what you use and in what part of your investing process.

Idea Generation

Value Investors Club - free members get access to writeups with a time delay. A good way to find some relatively unknown or overlooked businesses at times.

Twitter - twitter follows is all about curation. Look for the highest quality thinkers. I suggest looking for those that don’t just talk about today’s most loved and largest names.

Fund letters - here’s a Macro-Ops article with some links to funds’ letters that I’d recommend checking out

Screeners - screeners can be a good way to search but they are also problematic. There’s a few screeners that you can check out listed further below.

Company Specific Research

Company filings - the best place to start is the boring stuff. Read this first as everything else you read will be twisted to align with the incentives of the writer and the audience.

US filings - EDGAR

Canadian filings - SEDAR

Other: IR webpages, press releases (company websites, 8-K filings, news sites)

Data Sources, Screeners and KPI’s

ROIC - good layout and quick and easy to use. Free version limited to larger US/CAN exchange companies.

Stratosphere* - a great platform for screeners and specific KPI’s

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Quartr - a great app for conference calls, transcripts, investor presentations and curation

Alternative and Supplementary Information

Google, yelp, amazon, linkedin, glassdoor, emails and calls with management and employees, suppliers, customers, etc.

Really anything and everything that can get you other information on the other stakeholders of the company is valuable. Things like the customers satisfaction, the supplier relationship, the employee’s and corporate culture are big for long term returns that likely won’t show up in any investor presentation or company filing or financial metric directly.

Happy New Year and Happy Hunting!

Simon

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