01
Pick a stock and a lens.
Choose the mental model that fits the business — a compounder through Buffett, a cyclical through Marks.
The process
Four steps to turn raw research into a structured memo you can revisit each quarter.
Choose the mental model that fits the business — a compounder through Buffett, a cyclical through Marks.
Drop in the 10-K, the call transcript, or your own scribbled margin notes.
Your memo lives in the Journal. When the next quarter lands, Moatery surfaces what changed against your original thesis.
Run the same earnings through two lenses — see where Buffett and Graham would agree, and where they part ways.