RE:RE:3 Solid Quarters & Price Hasn't Changed In 7 Months!Ya he is a virgin investor, obviously.
The virgin TNA.V investor
-uses P/E to value a stock
-lets the market influence his emotions
-uses the market price to evaluate investment performance
-uses arbitrary performance timelines to complain about bad stock price performance (i.e. 3 quarters vs doubling in the last 4 quarters)
-doesn’t know the difference between return on equity and owner earnings
-insecure about going bald due to short term volatility stress of a micro cap
-complains
The Chad TNA.V investor
-uses EV/EBIT and other techniques to evaluate value
-doesn’t care about market irrationality and takes advantage of it
-evaluates investment return through owner earnings
-looks at a low price as an opportunity to buy more
-doesn’t care about a flat stock price in a business that compounds at high returns on equity
-has a long term horizon of 5-10+ years
-lush head of hair or just doesn’t care about what anyone else thinks