For readers who who are not subscribed to my YouTube channel or who simply prefer reading blogs to watching videos, this the transcript of another recent video I produced.
All investments are good investments at the right price.
I like to ask myself this question whenever one of my investments is suffering a paper loss.
"If I was not already invested in this at a higher price, would I buy at the price now?"
If the answer is "yes", then, I could possibly add to my position in the investment.
If the answer is "no", then, I could either hold or sell.
To hold, there must be some redeeming qualities like a strong balance sheet, the ability and the will to pay dividends consistently.
To sell, it could mean that I think the business has weak numbers, would lose money, stop paying me and maybe even struggle to stay afloat.
To be sure, I could also...