Ignore them and find other companies that are more attractive according to your own criteria.
"You should never chase after a streetcar or a share. Just be patient: the next one is sure to come."
"You should never chase after a streetcar or a share. Just be patient: the next one is sure to come."
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4Sem.
@parlania well I understand the approach, but these types of companies are so good, with a massive moat, incredibly great margin development and excellent capital allocation, that in my opinion there is little way around these companies in the long term. The point is that these companies fit my criteria exactly. I think it is important to keep a cool head here. Wait for a setback and then get in if necessary. Not being involved is not an option here, because it is precisely companies like these that manage to beat the market by a significant margin historically. Why should I invest in the second "league" just because these companies are relatively expensive at the moment?
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