I liked this philosophy. In fact, after reading “One Up on the Wall Street” multiple times, and doing some back testing on various stocks which I had invested or rather moved in and out based on valuations, I have realized that, if I could have stayed away from FOMO and would have invested in only those stocks which I understand well then also I could have achieved the same CAGR at portfolio level instead of buying some unknown businesses and closing the position in Loss since I was unable to bear the loss.
Sometimes, simple strategies can beat all kind of styles like Momentum, Low volatility indices and what not. These styles generally come after every 4-5 years and then disappear.
Simple Investing strategy can stay with you for much longer time with almost same results.
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