When it comes to investing, speed is not an advantage. Missing and opportunity - a bargain - is okay. There will be more. We are riding the exponential. What’s more important is not losing money. Staying in the game matters. Staying on the exponential. There is no rush. There is no rules. You don’t have to buy something because it is “cheap”. You don’t have to read every financial statement they ever produced. You don’t have to do anything, except work on building your understanding of a business for as long as required for you not to lose money and to have conviction in your decision.
Connections
Link Explanation: The linked note explains the concept of value investing being a waiting game. The best opportunities come when the seller is motivated to do so. This is similar to the note above in that it implies that most of the investors time should be spent researching, thinking, and developing a feeling for a business. Action should be very rare, despite constant churning of thought and information.