![]() And that is where an investment checklist helps you.Ī checklist is especially helpful when you use a stock screener because it decreases the time you need to find out if an idea on the screener it worth analysing further. What is important is that you focus on what you can control in your research and analysis. You however know what increases the probability of you making good investment decisions. When evaluating a company there are so many factors that are beyond your control. An plane is a complex entity, so are medical procedures and I am sure you will agree so is investing.Ĭlick here to find investment ideas that that fit your investment strategy It is taken as a given that highly trained pilots work through checklist for virtually every eventuality. Why even a simple checklist can help your returnsĬhecklists work best in a complex environment where the performing of certain steps is critical. The successes have been sustained for almost four years, all because of a stupid little check-list”Īll this from a check-list with steps as simple as “wash hands with soap” In the Keystone Initiative’s first eighteen months, the hospitals saved an estimated hundred and seventy-five million dollars in costs and more than fifteen hundred lives. outperformed ninety per cent of I.C.U.s nationwide. Michigan’s infection rates fell so low that its average I.C.U. The typical I.C.U.-including the ones at Sinai-Grace Hospital- cut its quarterly infection rate to zero. “ Within the first three months of the project (the introduction of a checklist), the infection rate in Michigan’s I.C.U.s decreased by sixty-six per cent. Others had legitimate doubts about Pronovost’s evidence.” Some physicians were offended by the suggestion that they needed check-lists. They feel working through a checklist is an insult. The article boils down to that in spite of strong evidence to the contrary, highly trained people think it’s below them to use checklists as they think they already know what to do. ![]() Do you think it is a waste of time to work through an investment checklist? If you do this article will change your mind.Ī while ago I came across an interesting article in The New Yorker magazine called The Checklist written by Atul Gawande the multi-talented surgeon who is also the author of a great book called Complications: A Surgeon’s Notes on an imperfect Science. ![]()
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