Investing Principles: Valuation

I believe that a good investment starts with proper valuation. This should be an uncontroversial statement (how do you know whether or not something is a good deal if you don't know how much it is intrinsically worth?), but from my experience most people don't seem to think this way.…

Investing Principles: Owner Mentality

During the past year and a half, I feel like I've gained enough experience (mainly through making mistakes) to begin formulating a set of personal "investing principles". It's one thing to read generic aphorisms about investing in theory ("be greedy when others are fearful"), but quite another to execute on…