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"The Evolution Of A Value Investor"

thescienceofhitting.com · 2,067 words · saved by 1 readers

In late 2021, I wrote a posted titled “My Investment Philosophy”. In the section on valuation and modeling, I shared some thoughts on how I approach the balancing act faced by long-term investors when they find themselves holding businesses at higher than average valuations:

In late 2021, I published a post titled “My Investment Philosophy”. The goal of that write-up was to clearly outline the long-term approach that drives my decision-making. In the section on valuation and modeling, I wrote about how I approach the balancing act faced by long-term investors when they find themselves holding businesses at higher than average valuations: “Personally, I can live with valuations that get ‘a little silly’ on conventional metrics [a nod to Munger]. Much like the restrictive decision I’ve made to only focus on ‘high quality businesses’, I’ve concluded that this…

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