03-07-2023, 09:22 PM
No idea. In general, individuals having the skill and temperament to be truly long-term and fundamental-focused are few and far between, regardless of the country.
Anecdotally, I haven't encountered many fundamental investors myself. 99% of my friends have a short-term, get rich quick mindset, instead of trying to build a balanced portfolio that last a long time. The other 1% tried fundamental investing for a few years, and settled on investing in indexes, which isn't a bad move.
Anecdotally, I haven't encountered many fundamental investors myself. 99% of my friends have a short-term, get rich quick mindset, instead of trying to build a balanced portfolio that last a long time. The other 1% tried fundamental investing for a few years, and settled on investing in indexes, which isn't a bad move.
“If you buy a business just because it’s undervalued, then you have to worry about selling it when it reaches its intrinsic value. That’s hard. But if you can buy a few great companies, then you can sit on your ass. That’s a good thing.” - Charlie Munger