Post by
Potadvisor1 on Dec 24, 2023 10:05pm
WISE WORDS of Charlie Munger
Charlie; ALL Intelligent investing is value investing, aquiring more than you are paying for. You must value the business in order to value the stock.
EXACTLY what I said I did with TLG which is obvious most here have no clue as to how. (100% true)
Charlie; To get what you want, you have to deserve what you want. The world is not yet a crazy enough place to reward a whole bunch of Undeserving people.
Amen to that Charlie.
Charlie; The First rule of compounding is to NEVER interrupt it unnecessarily.
By listening to Charlie and Warrenn over the years, they have tought me how to think and invest the way they did. Am I ever glad I did.
This is precisely why My take on TLG is very very flexible. I have a target at which I will start selling and sell out, but obviously it probably isn't yours. For me, if it takes a year fine, if more no problem.
That is basically the rule I used and still do of course for my IVN stock. I will look at it at the end 2024, or even ist quarter of 2025 and than see what new discoveries were made and to what size they are proven up and of course they will start making the huge proffits on their 3 new TIER 1 mines as well. Slow and steady deffinately wins the race. It has for me for sure.
Comment by
Hundo22 on Dec 24, 2023 10:28pm
Again just using vague buzzwords.. value investing and speculative investing (which is what this sector is ) are different... Misleading investors with this one.