863 Labs

What stands out about 863 Labs is how they handle their research methodology. They clearly distinguish between studies, reports, and notes, which helps me understand the scope of each piece. I appreciate that they do not publish price targets or ratings, nor do they take compensation from the companies they analyze. This independence seems crucial for unbiased analysis. The fact that they name their sources and show their derivations makes the work checkable. I also like that corrections are appended and dated rather than quietly swapped out. It feels like a more honest approach to financial research than what I have seen elsewhere. The focus on base rates before narratives is particularly interesting for someone who wants to avoid hype.