5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP544: Life-Changing Returns in Cyclicals & Spinoffs

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Intelligent Investing Is All About Understanding the Intrinsic Value

Investing is less a field of finance and more a field of human behavior. The key to investing success is not how much you know, but how you behave. Intrinsic value is a moving target that is constantly changing as fundamental data comes out. A lot of times old school value investors have been attracted to low P.E. companies because they look expensive at face value.

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