Glossarytaught in M8.05, M9.04
Watchlist
Also called watch list, coverage list.
The set of companies you have studied and would buy at a price, maintained with the price at which each becomes interesting.
Its function is to move the work forward in time. Deciding what a business is worth while calm, and writing down the level, converts a market fall from a source of anxiety into a list of instructions.
A watchlist without valuations is a list of names. All of its value is in the numbers beside them.
Update the thesis when the results arrive, not when the price moves.