Charlie Munger: "All intelligent investing is value investing, acquiring more than you are paying for. You must value the business in order to value the stock.”
I believe diving into business and properly understanding perspective of management is key, if you understand well and align with your thesis than get in. Or ignore it.
Charlie Munger: "All intelligent investing is value investing, acquiring more than you are paying for. You must value the business in order to value the stock.”
Exactly, my friend! It’s all about buying for less than it’s worth - regardless of whether there’s growth or not.
I believe diving into business and properly understanding perspective of management is key, if you understand well and align with your thesis than get in. Or ignore it.