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TIP562: How to Cope With Market Cycles
We Study Billionaires - The Investor’s Podcast Network
How to Position Yourself During a Cycle
Oak tree's guideline for investing isn't speculating on where prices will move from day to day or week to week. They purchase when the price is trading well below its intrinsic value, and if the price keeps dropping, then they prefer to keep buying because it's an even bigger bargain. Howard writes that all you need for investment success in this regard is an estimate of intrinsic value, the emotional fortitude to persevere, and eventually to have your estimate of value be proven correct.
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