So there are 2 components in successful value investing. Finding quality businesses and finding out their intrinsic value then buying the stock which is alot lower than its true value. How much time do you spend on each would you say? This investor on youtube said takes about 1000 hours to get ready to make an investment decision, that sounds crazy to me, what the hell do you do for 1000 hours? Surely it doesn't take that long to figure out whether or not the business is of high quality.