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The 3 musketeers from The Fifth Person (Adam, Rusmin and Victor) shared some decent stuff to round up 2024. And I hope all VBs, while mostly enjoying the year-end holidays will also take their time to round up their 2024 and improve for 2025.
Rusmin bought up about missing out on Costco due to valuation. If the emphasis is on valuation, it will be hard to "average upwards" and even harder to buy something for "double its price" as one will want to avoid looking like a fool in the future IF the market re-rates unfavorably (you bought Costco for 200dollars when you looked at it at 100dollars and now market has re-rated it to 150dollars. So rather than a 50% gain, you want to avoid looking like a fool for a 25% loss). The simple but not easy question is - what is an intelligent method to value Costco?
Wishing all VBs a peaceful and healthy time ahead.
2024 Investment Roundup: Our Successes and Missed Opportunities
In our final roundtable of the year, we look back on the most impactful investment insights and lessons we’ve gained in 2024. What stood out as the biggest investment theme of the year, and how did we position ourselves to benefit from it? Which new strategies and perspectives shaped our approach this year? And, of course, were there any stocks we regret not buying—or wish we had sold—before it was too late? Join us as we wrap up 2024 with a look back at the year’s successes and challenges in our final episode. Wishing you a fantastic end to the year, and we can’t wait to see you all again in 2025!
https://www.youtube.com/watch?v=ZPAmbve304A
Rusmin bought up about missing out on Costco due to valuation. If the emphasis is on valuation, it will be hard to "average upwards" and even harder to buy something for "double its price" as one will want to avoid looking like a fool in the future IF the market re-rates unfavorably (you bought Costco for 200dollars when you looked at it at 100dollars and now market has re-rated it to 150dollars. So rather than a 50% gain, you want to avoid looking like a fool for a 25% loss). The simple but not easy question is - what is an intelligent method to value Costco?
Wishing all VBs a peaceful and healthy time ahead.
2024 Investment Roundup: Our Successes and Missed Opportunities
In our final roundtable of the year, we look back on the most impactful investment insights and lessons we’ve gained in 2024. What stood out as the biggest investment theme of the year, and how did we position ourselves to benefit from it? Which new strategies and perspectives shaped our approach this year? And, of course, were there any stocks we regret not buying—or wish we had sold—before it was too late? Join us as we wrap up 2024 with a look back at the year’s successes and challenges in our final episode. Wishing you a fantastic end to the year, and we can’t wait to see you all again in 2025!
https://www.youtube.com/watch?v=ZPAmbve304A
