The market changes every decade. The principles don't.
New asset classes. New technologies. New narratives.
But buying below intrinsic value? Still works. Margin of safety? Still works. Patience? Still works.
Ben Graham figured this out in the 1930s. Mr. Market still hasn't gotten the memo.
New asset classes. New technologies. New narratives.
But buying below intrinsic value? Still works. Margin of safety? Still works. Patience? Still works.
Ben Graham figured this out in the 1930s. Mr. Market still hasn't gotten the memo.