If a business has a super bright future, usually pays to buy shares for the long haul.
Many keep waiting for big pullbacks and miss out on life changing returns.
Few % here or there makes no difference if stock goes up 100s of % over several years.
Many keep waiting for big pullbacks and miss out on life changing returns.
Few % here or there makes no difference if stock goes up 100s of % over several years.
In my 20+ year career as an investor, I've lost out on most money by NOT buying into super high-quality businesses because their valuations seemed "too high".
Those stocks ended up rallying 100s of % and well, the cheap stuff usually underperformed. Strange but true.
Those stocks ended up rallying 100s of % and well, the cheap stuff usually underperformed. Strange but true.
Fortunately, I've learnt from the school of hard knocks ---
Lesson ---> Pay up for quality
Own the best businesses, not the cheapest stocks.
Lesson ---> Pay up for quality
Own the best businesses, not the cheapest stocks.
The best time to buy these super high quality businesses is during a sell-off in the broad market.
Unless you can find shares cheaper elsewhere, those lows are usually the best prices you can get. Even during major sell-offs, the best companies appear quite 'overvalued'.
Unless you can find shares cheaper elsewhere, those lows are usually the best prices you can get. Even during major sell-offs, the best companies appear quite 'overvalued'.
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