Today’s markets seem to be running on euphoria and FOMO, ignoring fundamentals so often, let alone integrity.
Any thoughts on how you’re applying your time-tested filters in an environment with so much noise? Is the goal simply to stay patient and be wrong a lot until the good folks eventually get proven right?
Thanks, Harry. I think an investor needs to keep doing scuttlebutt research and talking with as many competitors, former/current employees, management, suppliers, etc. as possible to triangulate information and develop insights. Even Buffett has made mistakes sizing up character, though he probably has the best batting average of anyone in the game. So the goal shouldn't be 100% accuracy, but keeping our eyes and ears open for things that just don't look, sound, or feel right.
Well said, Todd. Great advice.
Today’s markets seem to be running on euphoria and FOMO, ignoring fundamentals so often, let alone integrity.
Any thoughts on how you’re applying your time-tested filters in an environment with so much noise? Is the goal simply to stay patient and be wrong a lot until the good folks eventually get proven right?
Thanks, Harry. I think an investor needs to keep doing scuttlebutt research and talking with as many competitors, former/current employees, management, suppliers, etc. as possible to triangulate information and develop insights. Even Buffett has made mistakes sizing up character, though he probably has the best batting average of anyone in the game. So the goal shouldn't be 100% accuracy, but keeping our eyes and ears open for things that just don't look, sound, or feel right.
Really enjoyed reading this. Thanks