Another illogical statement. If you are going to buy and hold forever, that means you are not good with market timing. If you are bad at it, what makes you think the prices at the next recession are going to be lower than today’s?
Moral: buy them now. Look at @manch, he also just bought Nflx at an all time high.
@Jil I think you are too fixated on books. Your screenshot doesn’t really tell us anything extra; it’s just common sense, aka you buy stocks that are perceived to be undervalued. I am not on anyone’s side here but in general attaching screen captures doesn’t really help your argument. Yes you too @sfdragonboy.
First, Margin of Safety is too big subject and can not be explained in few paragraphs.
Second, I am not even fixated on books.Good Investment books are really educating people to understand the concepts and effectively use it in their day to day life. Just like education system makes a person from elementary school to graduate level, the investing books refine the knowledge of investor.
It is the difference between a Mason trying to design a multi-story building and a architect trying to design a multi-story building.
Unless you decide to read and understand, there is no way for anyone to know the detail.
Definitely. Reading too many books can either help you or ruin you. It’s one thing if you’re able to synthesize what you’ve read and regurgitate that knowledge into something useful. If you can’t do that, then you’re just a bookworm.