It’s one of those days where I’m just missing the NFL season a little more than normal…
Can we just get to the draft already??
My brain when I fail at something: Dude you’ll never amount to shit. You suck. Everyone fucking hates you. Just give up
My brain when I achieve something: sure okay man
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.