Warren Buffet's strategy? There is a better way.
Investing is more an art than a science. I like to think of successful investing as being an opportunist and recognizing opportunity where ever it may be.
“All smart investing is value investing” - Munger
Unless you pay something less than it is worth you can’t make superior returns by definition.
That "less" doesn't necessarily mean a low multiple, it must be low vs the strength of the company.
Great article Philo!
Investing is more an art than a science. I like to think of successful investing as being an opportunist and recognizing opportunity where ever it may be.
“All smart investing is value investing” - Munger
Unless you pay something less than it is worth you can’t make superior returns by definition.
That "less" doesn't necessarily mean a low multiple, it must be low vs the strength of the company.
Great article Philo!