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

Buy from Dumb Sellers not Smart Sellers

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/