The point is an important distinction, which is there's a new piece of information that may affect the value of the bank. And I need to go check that out. That was the only thought in my mind. Once I checked it out, then I did look at the price, hoping I could buy more. But that was it. It feels a little bit like a video game or computer game or like, so familiar. Just something that's a little bitlike virtual.
Finding a company that can compound their investments over a long period is the white whale of the value investor. While this search is often challenging, finding these companies can lead to substantial long-term gains.
With the gamification of investing in recent years, the idea of holding an investment for a lifetime is being presented as less appealing than the app-driven, short-term profit mentality.
Are you prepared to do the work up front so that you can feel confident in a less hands-on approach in the long run? By starting off with a careful analysis of these potential compounding investments, you can be less concerned with the day-to-day movements of the markets.
If you’re searching for possible compounders to add to your portfolio, get your free copy of Phil’s Value Investing Cheat Sheet for help with those first steps: https://bit.ly/3KvCsjT
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