When we chase a junk asset at a high price
We bet that someone else will make a mistake and take over
When we buy a value target at a low price
We don’t bet
We just take some time to wait for the market to correct its mistakes
Time is money
We bet that someone else will make a mistake and take over
When we buy a value target at a low price
We don’t bet
We just take some time to wait for the market to correct its mistakes
Time is money