Buying Cheap always wins.
A very specific and a realistic definition of Success:
" To get 30% Annual return on investment "
Need to fulfill only three things to be a successful investor:
1) First and most important point: The company should have the potential to survive the bad times (unlike the "King of Good Times"). This is important for only one reason, that we may have to hold for almost a decade.
2) Buy Cheap; This is important for two reasons
a) ROE
b) Div Yield
Knowing the correct definition of "Cheap" is tricky.
3) Confidence to hold, this essentially comes from (1) and (2).
A very specific and a realistic definition of Success:
" To get 30% Annual return on investment "
Need to fulfill only three things to be a successful investor:
1) First and most important point: The company should have the potential to survive the bad times (unlike the "King of Good Times"). This is important for only one reason, that we may have to hold for almost a decade.
2) Buy Cheap; This is important for two reasons
a) ROE
b) Div Yield
Knowing the correct definition of "Cheap" is tricky.
3) Confidence to hold, this essentially comes from (1) and (2).
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