The Ledger Terminal
One Page Tearsheets. Log Scaled Graphs. A Proper Screener
2 followers
One Page Tearsheets. Log Scaled Graphs. A Proper Screener
2 followers
Log-scale valuation charts, 15 years of financials, and a proper screener — fundamental stock analysis on one page.
# Why I built this
Two of the biggest names in investing - Warren Buffet and Charlie Munger - often only mention two tools that they loved using during their investing carreer. That's the Moody's Manual and Value line.
No complex technical pricing graphs, no assortment of long and diverse financil metrics. Just a one page glance of a stock's information. Something that they could grasp the business in just one look.
In Mungers own words, "If you aren't using log scales for long-term charts, you're just kidding yourself."
A particularly useful tool was the log scaled graphs that value line used, you can tell if a company is compounding its earnings, the median price level for that stock, the earnings change and the real price change.
# What's so great about a log scaled graph
In a log scaled graph a difference from 100 to 200 is the same as from 1 to 2. Widely different than the standard linear graphs. Munger in particularly praised this exact notion countless times.
# What else
A screener that actually cycles between the results with a one page tearsheet of the stock, like your flipping the pages of a stock handbook, but with your personal filters.
A comparison tool that let's you efficiently compare stocks
Dense alert system that let's you if that business you liked is trading above or below it's median price range (and 100+ different types of alerts)