I like this comment by Geoff Gannon:
A business where your customer has a meeting about your price is a bad business. A business where your customer is in pain until they take your product is a good business.
Some other great advice:
All you need to do is find a company you:
- Are comfortable with
- See a clear future for
- And can buy at a good price
When I started investing, I never calculated intrinsic values.
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