Leading analyst Joe Mansueto says investors should know the value of what they’re buying and treat their holding as they would a family business by rarely trading it.”Private company owners rarely buy or sell equity and, when they do, they know the value of their equity. A similar approach works well with public company investing. Also, private company owners think about the worth of their shares at most once or twice a year. You’ll do better with your public company investing if you adopt a similar mindset and don’t obsess with daily fluctuations in value,” he said in an interview to a financial website.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,