Mrzorro
10-03
I guess I prefer good companies than good prices [LOL]. This is part of the lesson that I learned through my investment journey. I am not saying good companies won't fall, but the chances of losing money is lesser compare to low price lousy company stock. I really believe that strong foundations and good management companies will bring more profit compared to the others. I had brought share on lower price, but the stock price kept dropping non-stop, some got takeover and delist, some company even broke. That's why my profolio is deep red until now [Facepalm] Stock prices up and down, even low price can be lower, good companies eventually will brings profit in long-term investment.
Trust Good Companies or Good Prices?
If you invested $5 in $Walt Disney(DIS)$ back in 2015 today you have $5. If you had invested $5 in the Shanghai Composite Index $SSE Comp(000001.SH)$ in 2014, today you would have finally broken even with your $5. Before meeting Charlie Munger, Buffett's investment style leaned more towards finding cheap stocks, without paying much attention to a company's long-term growth potential. However, in his later years, Munger's influence gradually led Buffett to focus on "buying good companies and holding them for the long term,"
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