IPH #90: Coupang Rescues Farfetch; Buying Quality At a Reasonable Price; Selling Winners Early
Chit Chat Stocks
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The Dangers of Paying a High Price for Low Growth
This chapter discusses the idea of paying a high price for a stock with low growth potential and how it can lead to underperformance. They mention a specific company, Acosco, and question the value of paying 50 times earnings for a company expected to have only single-digit growth. They also mention the distortion of Warren Buffett's quotes and how they can lead to bad investment decisions.
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