Li Lu's value investing key elements:
- Consider yourself as a partial owner of the business
- Invest with a margin of safety
- Invest within your circle of competence.
Very often I dont follow these rules. This morning UNH tanked almost 20% on Trump's new proposal of a falt Medicare advantage rates over last year. What is my expertise on UNH or healthcare = 0. The result and guidance is soft. I need to cut it! I need to review other investments as well. Do I know much about cprt? lulu/deck?
I need to have a frank conversation with Zuna who likes to stick to the rules, even when I am in surgery. I need to scale back my goodwill. Her trip to Cape Coral costs over $100 each time.
I need to call Assistant living facilities near me.
Spectrum next for my new iphone!
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