Quality Project Reflection Paper

Quality Project Reflection For my quality project, I decided to buy and sell stocks to better understand the inner workings of the stock market. By completing extensive research --reading books such as Buffett: The Making of An American Capitalist and watching films such as The Big Short-- I was able to not only gain a better understanding of the stock market, but to also experience it first-hand. To document my work, I created a stock portfolio to analyze each of my stock choices. Through this entire process, I gained a lot of valuable insights. However, looking back, I have realized that I could have made some beneficial changes to my project. The first part that I would change is to be less precarious and more rational when making transactions. I suffered a minor monetary loss because of a simple transaction mistake that I could have easily avoided by doing some basic research. In another case, I made a hasty decision to sell a stock that was suffering a few minor setbacks. Instead of completing the necessary research to determine the true reason for the position’s decline, I let my instincts overrule my rational reasoning. As a result, I sold a stock right

One insight I gained was about how to determine my selection of stocks. Research and personal prediction is of course necessary to reliably predict which stock is the coveted golden stock. However, at the end of the day, it is up to the trader to decide whether or not he or she wants to make the transaction. Many times the deciding factor is not price, potential growth, or any other incentive, but rather interest in the company itself. Warren Buffet describes this in the quote, “Invest in as much of yourself as you can, you are your own asset by far.” Investing in what one knows best not only helps the investor’s interpretation of a company, it makes following a company and its stock much more