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A different perspective
The key to successful investing is to benchmark management's ability to perform
in the future against the required business performance implied in the price of
the stock.
Is it worth it?
Traditionally, investors approach an investment decision from an "is it worth
it" perspective.
What does it imply?
We first ask: "What is the required business performance (RBP) that supports
the price of the stock?"
What is the likelihood?
We then ask: "What is the likelihood management will deliver the required
business performance (RBP) that supports the price of the stock?"
 If the answer is 
the company is worth the investment.
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approach
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