“Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.” ~ Warren Buffett
Warren Buffett was greatly influenced by Benjamin Graham with his concept of margin of safety. By buying a stock at a huge discount, you are quite certain that a little price increment in the future brings profits. For value investors, the battle is fought when scouting for their targeted stocks. They need to search for stocks that are undervalued, but are still strong companies and profitable businesses. They may be affected by rumors or market’s pessimistic perceptions, but will be able to regain their valuation in time to come. By identifying these stocks and buy them with a margin of safety (difference between current price and “true” price of the stock), the battle is already won even before you sell them in the future.
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Discover the Secrets of Singapore Trading Gurus!
Interviews with Singapore stocks, forex, futures and options traders and trainers! This book is written for you:
- learn how professionals trade
- discover their strategies, money management and approach to the markets
- understand their stories and motivation behind trading
- know your trainers before attending their courses
