things to focus on estimated intrinsic value of a…
Page 206 things to focus on estimated intrinsic value of a stock, sufficiently large margin of safety, independent judgment in valuing stocks which may often imply a contrarian investment policy, limit transaction costs and ignore the distractions of constant price quotation by maintaining a steadfast holding of stocks, practice a policy of portfolio concentration, and maintain the appropriate temperament by balancing the equanimity and patience with the ability to act decisively.
— from The Mind in the Cockpit · Investing with Keynes by Justyn Walsh
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- Decisions & Choices (Decision/Choice/Focus/Forethought/Consequences)
- Leadership & Business (Leadership/Business)