MI042: Warren Buffett Value Investing with Gary Mishuris (Investing Podcast)
The Intrinsic Value Podcast - The Investor’s Podcast Network
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How to Be a Bottom-Up Investor
I'm cognizant of where we are in the cycle. If we're well past mid-cycle, meaning we're close to the peak than to any other part, I'm going to be highly skeptical of buying cyclical companies. Turn arounds do much worse, very hard. And they do even worse when you're starting in a scenario where any moment the cycle might turn,. So I don't time the market. But I am highly skeptical of cyclical, near the peak.
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