Recent Buy
by | Posted 4.9.2013 | Post Comment (No Comments)

Not a lot of value in the market currently, but I’m still doing what I do best: buying ownership stakes in the highest quality companies I possibly can. Not overpaying, even for very high quality, is extremely important, but the broader market continues to rally and leaves little opportunity to get a real steal on great individual assets. I refrain from valuing the market as a whole, and prefer to remember that the stock market is just a marketplace to buy and sell ownership positions in individual companies, and as such they are priced individually.

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