Why A 15 P/E Ratio Represents Fair Value For Most (Not All) Companies: FedEx Part 2Guest Post
One of my favorite Warren Buffett quotes is “investing is most intelligent when it is most businesslike.” The reason this quote resonates so much with me is because I believe it represents the essence of value investing. To me, value investing is about positioning yourself as a shareholder/owner/partner in a wonderful business that you admire and want to partner with long-term. In the past, I referred to this as business perspective investing. This is in stark contrast to trading stocks or playing the market.
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