You're looking for a mispriced gamble. That's what investing is. And you have to know enough to know whether the gamble is mispriced. That's value investing.
Warren spends 70 hours a week thinking about investing .
It's not supposed to be easy. Anyone who finds it easy is stupid.
All sensible investing is value investing
Learn how to ignore the examples from others when they are wrong, because few skills are more worth having.
Hard work, honesty, if you keep at it, will get you almost anything.
You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.
The stock market resembles a huge laundry in which institutions take in large blocks of each others washing ... without rhyme or reason.
The only thing you should do with pro forma earnings is ignore them.
High valuations entail high risks.