It has been a hectic week for me. Next week’s schedule would be more hectic. Finally have some time to write something. I enjoy reading up news on companies, and articles on value investing.
“Lethargy bordering on sloth remains the cornerstone of our investment style: This year we neither bought nor sold a share of five of our six major holdings.” — Warren Buffett 1990 letter to shareholders
The principle of value investing I feel runs contrary to how I normally deal with work. For my work, action normally brings rewards (nobody is gonna pay you for doing nothing). However, in investing, often it is inaction that pays the bigger reward (rather than trading frequently). Nevertheless, time is required to study and read up on the companies you are investing, and to know as much as you can about them.
“If you buy a business just because it’s undervalued, ......