The Secret to Investing Success (Munger Tip)

The secret to investing is to figure out what something is worth and then pay a whole lot less for it.–Joel Greenblatt

Thanks to a reader for the suggestion and link:

 


UPDATE on LXK

I sold out today: http://wp.me/p2OaYY-18i

 

2 responses to “The Secret to Investing Success (Munger Tip)

  1. Presented as a falling knife a while ago, I see that MSCI also rebounded about 30%. So for now at least investors like Yacktman capital seems to be right (or at least seem to be making money with their MSCI investment): http://www.ycginvestments.com/thoughts/98-msci-emerging-market-opportunity

  2. Pingback: Catching Up On Some More Links | Value Investing JourneyValue Investing Journey

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