Raymond Floyd said that if you want to be a great golfer, practice six-foot putts. Get really good at six-foot putts. The short game is seventy percent of the score, and almost no amateur practices it, because hitting drivers is more fun than rolling the same short putt two hundred times in a row.
The investing equivalent is reading financial statements. Learning accounting. Understanding how different industries actually make money. It's boring, and most people will find a thousand reasons to skip it. But you cannot fake your way past the six-foot putt. Either you sink it or you don't. Mastering anything requires mastering the basics.
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