AMA The Fifth Person
Asked by Anonymous
Asked on 16 Feb 2019
A good company can be a bad investment if you pay at the wrong price. The important thing is to know how to value the company and buy them based on valuation.
Personally, for company with good business, I tend to buy them at fair or 30% discount to intrinsic value (IV) but for fair business I will want to buy them at 50% discount to IV.