Think instead of calculating

People calculate too much and think too little.

- Charles Munger

Munger was 100% correct in his wordings. When looking for investing in a company, it is better to look at the business and how it functions and how the management is running the business. While the financial metrics do matter, these metrics are secondary as a result of the business functioning. To be a better investor, being a business analyst would be more important than a business valuer. The only way to become a business analyst is to think about the positives and negatives of the business and then keep up-to-date about the changes happening in the environment and its impact on the business. That would go a long way to be a successful investor.