An Analysts life lessons

Alright, my power went out and I lost my first post. Oh you don't know what I've already written. Are you intrigued...na me neither.

Anyways I have had quite a good learning experience this week. I have been researching a company called Just Water Intl. Currently there are no analysts valuations on them so what I saw goes haha. Well this process starts with working the numbers within a company's financial statements. Within these publications contain the story of the company for the year. What I have learned is that while many people are able to crunch numbers and come up with the magic value, however not many are able to look big picture and say "what does this mean:. This was quite evident in the news paper today regarding the analysts interview of the consequences of the NZ government unbundling the telecommunications loop. While this will bring NZ internet into the 21st century, it also creates a real competitive market for internet. What a good analyst is able to do is think is get to a revaluation and then step away think big picture. This is I think the most important thing I have learned so far and invaluable in not only in this career, but in all problem solving. Those who are able to master this skill, make good MDs/CEOs and corporate advisors. Something that I am defiantly striving for.

I read an interesting article today about how the price of gold is fixed daily. While it is based on supply and demand it is set between the five largest gold trading banks. It is quite an ordeal and ceremony that you would expect in the Stone Masons. It really quite fascinating.