Some basics to successful investing: 1) Seize the opportunity when it arrives; 2) Size up the opportunity; 3) If the opportunity is growing in the future, do not wait for the price to come down to an earlier price (i.e., avoid “price anchoring”) and 4) Limit economic news interference in the decision as long as you see value with a margin-of-safety. Avoid anchoring to the initial price of purchasing a stock. Give more weight to business performance and potential, if your purchase thesis is still intact. As growth becomes more visible, it attracts more investors, and market prices are pushed
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