It is important to read analysis
that is contrary to your opinion when doing stock research. So many people have
already made up their mind before they begin their research. I see this mistake
so often with retail investors. They google a ticker symbol and read the
articles that "confirm" their point of view and pat themselves on the
back for getting it right without putting in the work. It is a difficult thing
to be critical of your own ideas. You don't often hear, "Man, I have this
really terrible idea I just have to tell you about." That is why it is so
important to seek out the contrary perspective especially when everyone else
seems to agree with you.
This was exactly the case of
my bullish stance on IMAX Corp (IMAX). While I was doing my stock research I found article
after article that treated a bullish stance on IMAX to be obvious, so much so
that the articles rarely included much substance or analysis. I was guilty of
this myself.
It wasn't until I was blasted in the comment section of another one of
my articles that I realized it. I decided it was time to step
up my game. I decided that the way to do that was to re-write my first article
and take on the biggest IMAX bear I could find. Read more...