"When you add money to your portfolio or your investments, you should find the things that are winning, and you should add up. Don't double down." - David Gardner
Many investors say they are waiting for a stock to fall to a specific price. Or, in other words, they are "waiting for a dip."
Sometimes the stock never gets to that price, or if it does, they decide it's overvalued and needs to fall further.
There is a natural tendency to add to the things that have fallen. The principle here is that we want to focus our energy on the things that are working.
✔ Water the flowers and cut the weeds ✔
❌Cut the flowers and water the weeds ❌
"I try to find excellence, buy excellence, and add to excellence over time. I sell mediocrity. That's how I invest." -David Gardner
Context: It's important to remember this is not universally true. These habits refer specifically to Rule Breaker companies. There will always be exceptions, and there are several ways for investors to succeed.
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