Investing in a permacrisis
The prophets of doom have overlooked the all-important factor
attractive prices
A time of maximum pessimism
So we search for those things that other people are selling and then if the problem or adverse outlook is temporary we buy them and hold them patiently for years until the public changes its mind.
Timing that’s not market timing
Too many investors focus on “outlook” and “trend.” Therefore, more profit is made by focusing on value
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