Company Director
I like to combine value investing with behavioral economics. "I am not so much concerned with the return on capital as I am with the return of capital"
I think these two Benjamin Graham quotes sum up my strategy:
“A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.” ? Benjamin Graham, The Intelligent Investor
“The intelligent investor is a realist who sells to optimists and buys from pessimists.” ? Benjamin Graham, The Intelligent Investor
I want to buy solid businesses whose prices have fallen because of a crowd over-reaction to bad news that is transient or the actual impact of which is misunderstood.