Ideas for simple business to begin a circle of competence?

goponcho said:

Hi,

Been reading a tonne of books on value investing.
Am at the point of trying to figure out how some businesses work and breaking down the annual reports.

Any ideas of some simple, easier to understand businesses or industries which have good businesses?
Perhaps it may be better to start with some smaller cap businesses which may be more simple?

Have no business experience, but am in the medical field, but the medical research businesses doesnt seem simple or stable generally. Maybe something related?

Thanks

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Value Collector said:

Capilano honey (Czz) has a very simple business model, basically it buys honey in barrels from bee keepers and packs it into branded handy packs to sell to consumers, take a look at the last few years of their annual reports, and watch their balance sheets etc change over the years,

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goponcho said:

Hi,

Been reading a tonne of books on value investing.
Am at the point of trying to figure out how some businesses work and breaking down the annual reports.

Any ideas of some simple, easier to understand businesses or industries which have good businesses?
Perhaps it may be better to start with some smaller cap businesses which may be more simple?

Have no business experience, but am in the medical field, but the medical research businesses doesnt seem simple or stable generally. Maybe something related?

Thanks

Click to expand...