I am investing stocks in Vietnam. I read some books in MBA and CFA program. I see that the hardest task is to forecast the future growth. this forcasting require the analysis of competition, a big topic which MBA program discuss deeply.

I see that CFA program focus too much an valuation process which is dependent on forecasting.

I have read many books on strategy to find how companies compete and so, realize which companies would grow.

investment in the stocks is about all aspects of doing business because all these aspect affect the growth and existance of the companies.

companese exist and grow because they possess some competitive advantage or perform innovation , which also to find new competitive advantage. this topic should be included in CFA program.