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3.4 Buy When the Black Swan Flies; Sell When It Comes Home To Roost
Manage episode 242788763 series 2441863
David discusses how Black Swan events, although unpredictable, often produce excellent value opportunities to add or reduce holdings in your common stock portfolio. Self-directed, value-oriented, common stock investors buy wonderful companies with strong fundamentals when macroeconomic events produce attractive valuations. Then sell or reduce the holding on weak fundamentals or inflated valuations when microeconomic events erode the company's financial strength or the demand for its products and services. But Mr. Market continues to entertain the purchase of attractive fundamentals at otherwise high prices and narrow margins of safety. Listen to hear why The Self-Directed Life Model Portfolio is currently more a watch list than a buy list. Formerly Episode 1.13.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/david-j-waldron/message
9 episodes
Manage episode 242788763 series 2441863
David discusses how Black Swan events, although unpredictable, often produce excellent value opportunities to add or reduce holdings in your common stock portfolio. Self-directed, value-oriented, common stock investors buy wonderful companies with strong fundamentals when macroeconomic events produce attractive valuations. Then sell or reduce the holding on weak fundamentals or inflated valuations when microeconomic events erode the company's financial strength or the demand for its products and services. But Mr. Market continues to entertain the purchase of attractive fundamentals at otherwise high prices and narrow margins of safety. Listen to hear why The Self-Directed Life Model Portfolio is currently more a watch list than a buy list. Formerly Episode 1.13.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/david-j-waldron/message
9 episodes
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