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Fundamentals, explained honestly
Short guides to using the tool well and thinking clearly about long-term investing — what the score means, what it can't tell you, and how to do the judgment it leaves to you.
Research · 9 min read
I backtested my own stock rankings. They lost to the index.
The honest version of the backtest, the four attempts to rescue it, and the one thing fundamentals do reliably predict.
Read →How to use it · 5 min readHow to read an HDB Score
It is a rank, not a grade, and the period you pick changes the question you are asking.
Read →Fundamentals · 7 min readBusiness quality vs. stock valuation
Why a high score is not a buy signal, and what the score deliberately ignores.
Read →How to use it · 7 min readHow to read a 20-year fundamental history
Reading the charts: consistency over spikes, and the traps a lone growth number sets.
Read →How to use it · 6 min readBuilding a shortlist without treating rankings as recommendations
A workflow that keeps you in the driver’s seat: the ranking starts the research, it doesn’t end it.
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