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bunhill Written by Sam Kovacs Introduction Buy low. Sell high. Get paid to wait.

This is our investing motto. These three short sentences encapsulate more wisdom than first meets the eye. Author's AI Art Buying low means buying a stock when it's cheap, or at least not overvalued.



If you can avoid overpaying for an equity, you improve your odds significantly. We're value investors at heart, and we believe in the ideas which were pioneered by Graham and Dodd and made mainstream by Buffett and Munger. Selling high means you realize that just as stocks can get unfairly undervalued, they can get grossly overvalued.

Buy and hold investors have trouble parting ways with their favorite stocks, but we see this as short-sighted, emotional, and worse: Leaving money on the table. Here, we're in agreement with Howard Mark's idea that the pendulum always swings back and forth. The astute investor will rotate out of overvalued names and back into undervalued names.

Here, the idea that it's a market of stocks and not a stock market is one that we particularly like. And then there's the final part, "get paid to wait." To begin with.

.. there's the insinuation that you will likely have to wait.

Investing is a game which favors the patient. Some things, no matter the effort and the will, just take time. To quote Buffett, you can't make a baby in one month by getting nine women pregnant.

Get used to waiting, and trusting your guts. But then there's the "getting paid" part of it too. This does bri.

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