Seems like I'm in the minority but this is freaking awesome especially for newer investors who want to go beyond passive index funds (spare me any lectures)
Will going through the checklist for each investment mean you'll always be right? No.
But I think going through these questions as an exercise will help you understand what makes a good/attractive business which is a fundamental skill in investing.
Then before you start the first item, tell yourself that this is gonna suck. It's going to be the worst thing you've ever done. You're not going to enjoy it. But you're going to do it anyway
And then fight like hell through the task. Try it, it works. (N=1)
Props to the author for taking the time to share their PKMS. I respect anybody who goes this in-depth to discuss how they go about learning.
What didn't resonate with me from this article is the need to retain a large amount of information beyond the main points of a book or article. Isn't that what the point of the PKMS is?
I like to think of reading as creating indices to core concepts. If I'm working on a problem, and it reminds me of a concept I read in a book, then that's a win. Add tags and there is no reason why you can't quickly rediscover any concept you've previously come across
Usually my notes are the parts that distilled the book to the main, useful points.
My mental storage is limited. I'll let the technology worry about storing knowledge, so I can worry about executing on it.
Will going through the checklist for each investment mean you'll always be right? No.
But I think going through these questions as an exercise will help you understand what makes a good/attractive business which is a fundamental skill in investing.