Wondering how you guys go about assessing risks for a long position, do you have some sort of framework? Specifically I am referring to the quality / GARP / fundamental bottom-up / value-ish type strategies here.
A lot of time in literature seems to be dedicated to assessing the fundamentals and quality of a business but less time is spent explaining how to assess potential flaws of a business going forward and making a judgement on how sustainable competitive advantage or dominant its position is.
Fully appreciate it is not a one size fits all approach but very curious to learn how you guys at funds think about risks to your long positions. My starting point has been a sort of Poter's 5 forces framework and branched out from there.
Grateful for any book recommendations or articles you may think are helpful on this. Thanks!
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