Wow...such a broad sweep of mental models.........
Ben Graham's suggestion of splitting the price of a stock into investment and speculative components is one of the bright sparks I see in this long, dark tunnel..........of course, the approach is not 100% scientific and has its own set of challenges.... but it does turn the scorecard from being fully broken to slightly less broken......
Wow...such a broad sweep of mental models.........
Ben Graham's suggestion of splitting the price of a stock into investment and speculative components is one of the bright sparks I see in this long, dark tunnel..........of course, the approach is not 100% scientific and has its own set of challenges.... but it does turn the scorecard from being fully broken to slightly less broken......
Rightly said.The ability to average down when a stock is falling is a real test of one's conviction and independent analysis.