I like to buy stocks that are obviously wrong price. IE Really bombed out. They can turn out to be the wrong price for a good reason (eg Cosalt I lost money on because they discovered a fraud). But if I hope to get more right than wrong. The last few years have been a very helpful environment for this strategy - but I'm struggling to find stuff I like these days, and may change strategy (either pay more for quality or just sit on cash).
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