Sunday
Apr272014
Our Social Media Sharing Philosophy
This post describes partially our social media sharing philosophy regarding our investments. It is a work in progress.
- We are happy to discuss our ideas via social media platforms because so many people are generous and we benefit immensely reading their articles.
- We don’t contend we are smarter than the average bear or bull on any stock we discuss, we just try to gain insight about each company.
- We don't give financial advices and stock recomendations.
- We don't discuss the price action or "the price target" of a stock. Sorry, we don't focus on that.
- We care a LOT about the underlying business now and in the future..
- We have a very long term investment horizon.
- Most of our investments are usually highly distressed situations that are not suitable for the majority of investors.
- We usually find 1 or 2 amazing opportunities every 3 to 5 years (more frequent in bear markets) and when we find one we spend a lot of time thinking about and talking about it. We sound like a broken record most of the time.
- Often, we have nothing to show for our work for a long time so it is important to take our opinions with a grain of salt.
- We know we can and do fail often and we know that failure is an integral part of success. It is never a one way street.
- Always do your own homework and reach your own conclusion.
Written by Michael Bigger.