Hi, I would appreciate any tips or advice how do you stay relevant with potential up and coming stocks, primarily concerning books.
I read When the Heavens Went on Sale to find about RKLB and PL, and now I would love to find similar books like it which cover young upcoming companies. It doesn't even need to be just about the company, it can even be about the founder, e.g. The Nvidia Way, The Facebook Story, How Google Works. They are all good books, which compared to it's release dates, returned nice potential profits.
My only problem is that I find those books too late, so I would like to stay on top of it. Thanks.
How do you find books about potential upcoming stocks?
byu/ConnectSet57 instocks
Posted by ConnectSet57
3 Comments
If you’re relying on books, you’re already late by definition. Books are great for conviction, not discovery. The trick is to use books to double down, not to find ideas first. To stay early, follow niche industry newsletters, founder podcasts, S-1 filings, and earnings calls, then use books later to deepen understanding once a company’s already on your radar. Think of books as the long-form confirmation after you spot momentum elsewhere, not the signal itself.
By the time a book gets written, published, printed and sent to a bookstore, the news is already old. Books are great for understanding fundamentals but if you want to find new companies read articles, listen to business broadcasts, ask people in the field.
I don’t want to diss reading because it is how I learned a lot but for new companies you need faster resources than books.
I usually wait for a movie to be made about a company before investing, reading books takes too much time.