Thank Bob! What's "the hardest" is a bit personal, too, I believe. I find buying something that was cheaper a while ago actually harder than buying something that is down.
"i probably learn more out of that than them." - haha amazing; the beauty of teaching and the power of writing one's thoughts down.
I'm impressed that you spent so many hours on these two names and were able to NOT transact – shows that you're sort of immune to commitment bias (in terms of time and energy commitment at least).
I'm sitting on a good bit of cash myself, but I don't feel any pressure right now quite frankly - as explained, cash gives you options and maybe an opportunity presenting a 30% IRR comes along tomorrow, who knows.
Excellent article!
The hardest thing to do is buy on the way down. Even harder to buy bigger the more the price falls.
This is a difficult market to navigate with the mad man in the Whitehouse, but made that bit easier by your insights 😁
Thank Bob! What's "the hardest" is a bit personal, too, I believe. I find buying something that was cheaper a while ago actually harder than buying something that is down.
Another quality post as usual!
That's very much appreciated. Thank you!
"i probably learn more out of that than them." - haha amazing; the beauty of teaching and the power of writing one's thoughts down.
I'm impressed that you spent so many hours on these two names and were able to NOT transact – shows that you're sort of immune to commitment bias (in terms of time and energy commitment at least).
I'm sitting on a good bit of cash myself, but I don't feel any pressure right now quite frankly - as explained, cash gives you options and maybe an opportunity presenting a 30% IRR comes along tomorrow, who knows.