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PR Newswire
04-07-2023, 09:50 PM
Personally, yes. Opportunity cost matters, no point trying to second guess something (whether or not there is a better offer etc.) that is out of my control. Unless it's a company whose management I believe in, and the undervaluation is not dependent on asset value, but long term earnings growth.
“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