Some personal Investing lesson on how I research and judge. My investing approach starts by mapping a market in its early stages, then working out what it could look like when it matures. From there, I reverse engineer what a company needs to do to succeed throughout that transition. For example on the AI buildout (subsector power) Early on, securing power and grid access is critical. As the market develops, constraints could increase the need for on-site generation, battery storage and software that coordinates power supply and demand to use available capacity efficiently. I then bring that back to the company level: what is it building today? Which capabilities is it developing? Do those investments position it for the next stage of the market? How does management align their strategy to my end state market vision. That shows me if it’s just a quick trade because they lack it. That’s one part on how I invest: i map the starting point, map the potential destination, and test the companies building the capabilities needed to get there. If you reverse engineer it all will become so much clearer for you all. Give it a try.