{"id":14243,"date":"2022-11-01T13:48:06","date_gmt":"2022-11-01T17:48:06","guid":{"rendered":"https:\/\/jasonapollovoss.com\/web\/?p=14243"},"modified":"2025-09-05T14:39:32","modified_gmt":"2025-09-05T20:39:32","slug":"the-part-of-your-investment-process-most-in-need-of-improvement","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2022\/11\/01\/the-part-of-your-investment-process-most-in-need-of-improvement\/","title":{"rendered":"The Part of Your Investment Process Most in Need of Improvement"},"content":{"rendered":"

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Most investment management firms, despite their approach or strategy, have a similar investment process. In other words, the major elements of their workflows are the same even if the underlying factors or methods are different. But we are not telling you anything you do not know.<\/span><\/p>\n

Even so, what you may never have thought of is that there is one part of the typical investment process that is most in need of improvement. Namely, how you conduct conversations with management, sell-side analysts, people in expert networks, and so on.<\/span><\/p>\n

How can we assert that so confidently? It is because almost all of us have formal training in all of the other parts of the investment process, but not in how best to conduct conversations to ensure we extract the highest quality information. Nor do we frequently have training in how to properly discern between deceptiveness or truthfulness.<\/span><\/p>\n

At the same time, we can be forgiven for this oversight. Why? It is because our formal training does not include skill development of this kind. You may have received \u201ctraining\u201d from some firms claiming to teach lie detection. If so, read on to see why you yourselves may have been misled. What is more, even if we have a thorough due-diligence process we are constrained by the speed at which we can read the filings of companies we scrutinize.\u00a0Quick fact: D.A.T.A. can assess documents 350x faster than people, and with 88.4% double-blind tested scientific accuracy.<\/strong><\/span><\/p>\n

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The Importance of Evaluating Management Well<\/strong><\/em><\/span><\/h3>\n

In a recent poll we conducted 11-18 October 2022 on LinkedIn in three different audiences, the following results were attained from 337 respondents answering the question:<\/span><\/p>\n

Q: How important is an assessment of management in your investment process?<\/span><\/p>\n