“Value investing is like buying Easter candy the day after - TopicsExpress

“Value investing is like buying Easter candy the day after Easter. The candy still has the same intrinsic value ... But instead of paying full price to buy the candy the Saturday before Easter, when its demand is highest, value investors buy Easter candy the Monday after the holiday, when demand and prices plummet.” Easter reminded us of this aspect of our investment philosophy. investopedia/university/value-investing/value-investing10.asp

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