I divide my research like a professional baseball team; more well researched ideas, higher conviction ideas are starters and franchise players. Ideas I am interested in possibly adding are free agents or minor leaguers.
Invaluable ideas to build your portfolio around. Traits include: best in class wide-moat competitive advantages, leadership and evergreen thesis.
Top performers in their category, may include strong competitive advantages, but not immune to overvaluation resulting in cap casualties.
Great at providing a product or service, but in some cases have more to prove to become a star with competitive advantages. May be important diversifiers, that come with cheaper price tags.
Up and comers that have proven disruption in an industry, worth taking a shot on even if it comes at a price.
Present high upside with star potential, but questions remain on the viability of the buisness model.
Interesting ideas that need further evaluation.
Proven performers, that you would like to sign but are either asking for too much money or have unresolved concerns.
Overpriced for the value they provide, even if great business.
Declining fundamentals or have underplayed thier contract, likely short targets.