Building a research framework
Research without structure tends to drift. You gather information, form impressions, follow interesting threads and eventually arrive at a view — but the path from evidence to conclusion is rarely examined, which means the assumptions embedded in it are rarely visible. A research framework is simply a set of consistent questions and steps that you apply to every situation, so that your reasoning is comparable across different investments and your assumptions are made explicit rather than left implicit.
The resources here introduce several practical frameworks used in investment research, adapted for the private investor working independently. They include approaches to fundamental analysis, methods for assessing competitive position, techniques for evaluating management quality through observable behaviour and structures for thinking about valuation in the context of uncertainty rather than false precision.