And that is key. Or, in my opinion, this is only a consideration when you bought it and in the first few years. Like any other criterion, we're talking about the time of investment. Rule Breaking investing offers a lot of business focus, but it exists in a market environment. I don't want to complicate RB investing, but this may clarify it.
Valuation is de facto behind any purchase decision one makes.
Our belief is that the market is mostly efficient at pricing stocks out for six months, with billions of dollars exchanging hands between willing buyers AND sellers on a daily or weekly basis. What would correct it would be your and my self-interest, and I personally believe markets work, and work this way. We've always said that we're investing in things that are typically near impossible to value early on. Let us know what you think of the concept on the Rule Breaker Strategies discussion board. Yes, it fits perfectly with the notion of Rule Breaker investing.