Commentary on Meta and Value Investing

13 days ago

Speaker

"Now, keep in mind, guys, I buy large companies. I’m not looking to buy these small little companies that require me to really understand management. I want to buy big companies that are mispriced. Think Meta in 2022. I was a buyer of Meta from 150 all the way down. Actually, I think less than 200 all the way down to $88 a share. I bought it on its lowest day. And the entire time people were saying, "You don\"t get it, Paul. Meta\"s done. Zuckerberg needs to be fired." Those are the same people who are probably buying the company today at $760 a share."

The speaker shares his personal experience with buying Meta during a significant price decline, emphasizing that value investing means purchasing quality companies when mispriced. He contrasts the irrational market hype with disciplined investing decisions, noting that buying at a low price can yield long-term benefits as fundamentals drive value.

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