Firstly I'd just like to point out that the following question may flag the reader as some sort of cheap, novice attempt to turn an incredibly complex concept into something fast and easy, like a hack method. However, that's NOT what I'm trying to do.
Recently I read Graham & Dodd's Modern Approach to Investing, and for anyone that doesn't know, it is an updated on the original "bible" of Warren Buffett's investing approach — analyzing a company's balance sheet, assets, debt, cash on hand, etc.
What I'm wondering is whether this whole process can be simplified down into some basic checks, let's say, that every investor should know and can apply.
Or what I mean is, instead of devoting 10 years to studying corporate financing, assets and debt leverage, etc., are there a few basic rules that can come from such an approach that in the meantime can be applied on a daily basis?
Let say someone wants to invest in ABC Company, and all the signs and outlook are well, but would like to apply a bit of Warren Buffett style checks before committing. What would those steps look like?