Avoid Conventional Wisdom Simple Questions may not be Answered with Multi-Segment Businesses

Buy from Dumb Sellers not Smart Sellers

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An area we try to mine is busted IPOs. Buying at the IPO often means you’re buying from smart sellers, but we’d much rather buy from dumb sellers – which is more likely to happen after an IPO company disappoints in some way and the people who bought in the initial offering bail.
Source: http://www.valueinvestorinsight.com/