How to select a stock?

3.1 Analyze its financial track record

According to the First Golden Rule we should "Buy what's worth owning forever" & a company is worth owning forever if it has a great financial track record.

As an investor, we should look at only that set of data that together is necessary and sufficient to analyze whether the company has a great financial track record and is worth investing in.

To know how to analyze the financial track record of a company/bank click on the links below:
3.1.1. Analyze financial track record of a company
3.1.2. Analyze financial track record of a bank