what this means for the value investor is that they should seek to buy things that have underestimated growth potential or underestimated time horizons. this is not simply to buy companies that have no ego. it is to buy companies that have a HEALTHY ego.
this is mostly speculation rather than building actual capital. any 'real' capital you buy is always sold by someone who doesn't want it. either it's sold in desperation, the seller really needs the liquidity, or is stupid. otherwise you can't get a good deal.
-
-
even that is mostly imaginary since it's just laying claim to a source of fun coupons to buy products from the market. the real real ship you are sailing is your life. your real capital is your perspective on life, your skills, your experiences, friendships, memories, etc...
Show this thread -
it's a giant bag of Stuff compressed into a story that you present at the End of Days in Ultimate Judgement. and who is it that will judge? You.
Show this thread
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.