Avoid Stupid

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"Most investors ask, 'Is this a great company?'"
"We ask something else: 'Is this a great company—available at an unfair price?'"
"We don't chase opportunity. We wait for it to misprice itself."

Value isn't about cheap stocks—it's about finding exceptional businesses at prices that don't reflect their worth.

Marlowe Keynes LLC Copyright · David L. Steinberg, Investor

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