Adding Value During Down Times Everything is not a Buy or Sell

Make More Money on the Long Side

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My threshold for pain is high as long as I believe I’m still right. Historically, we’ve made a lot more money on the long side when what we thought we were buying cheap went down another 30% before finally going up – we always buy more if our thesis hasn’t changed.
Source: http://www.valueinvestorinsight.com/