Quote for the Week
Price does matter. You increase your profit potential immensely if you buy low. If I buy at 32 and the stock goes to 75, I make a good profit. But if I buy at 20 and it goes to 75, I make a much higher return. Even a great company can be priced too high if there’s a lot of glamour attached to it. In that sense, temporary bad news about a good company may create a buying opportunity. It’s my job to find unusual companies and then judge whether the price they’re selling at is too high. — Philip Fisher (source)
From the Archives
Last Call
- 31 Lessons I’ve Learned About Money – R. Holiday
- Second Order Thinking – The Better Letter
- Regret and Optimal Portfolio Allocations – Enterprising Investor
- I will Go for Outperformance, Thank You Very Much – Klement on Investing
- What’s the Best-Performing Asset Type During a Recession? – C. Benz
- Concentrating on the Best – Verdad
- Henry Ford’s Life and Work – Rational Walk
- How Technology has Changed the World Since I was Young – Noahpinion
- The Long Strange History of the Baseball Cap – MLB
- Remembering When Horse Diving Was an Actual Thing – Atlas Obscura
