Deviation from any of the points below means risk of not being a value investor.
1. Focus on company's intrinsic value - what a company is actually worth
2. Define circle of competence and search for ideas only within it
3. Conduct in-depth fundamental research and analysis and not rely on tips
4. Focus on company's business and not on macro-economic forecasts
5. Understand business will have cycles and immediate past performance will not necessarily show the future
6. Be a contrarian in choice after careful analysis
7. Think long term
8. Be patient for the right pitch since great investment ideas are rare
9. Focus on avoiding permanent loss compared to minimising stock price volatility
10. Focus on absolute returns and not on relative performance compared to index or anyone else's portfolio
11. Admit to mistakes and actively seek to learn from them
1. Focus on company's intrinsic value - what a company is actually worth
2. Define circle of competence and search for ideas only within it
3. Conduct in-depth fundamental research and analysis and not rely on tips
4. Focus on company's business and not on macro-economic forecasts
5. Understand business will have cycles and immediate past performance will not necessarily show the future
6. Be a contrarian in choice after careful analysis
7. Think long term
8. Be patient for the right pitch since great investment ideas are rare
9. Focus on avoiding permanent loss compared to minimising stock price volatility
10. Focus on absolute returns and not on relative performance compared to index or anyone else's portfolio
11. Admit to mistakes and actively seek to learn from them
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