MFG Fair Value, page-153

Im about 35 years experience operator . Reasonable successfully.

i have a formula unbeatable.
u can laugh but works

fair value is what u pay. Doesnt matter what day or hour.
fair because at that moment nobody paid more or sold for less

sounds stupid . It is not.

the main question is:
what price the next guy are happy to pay as a fair value.

if u sell 1.5% up u are doing well, because most of investors dont perform 18% year !!!


but
i
if u claim is to know if they share “ worth” again i will tell u, u are wasting u time.
one event political or economical can trow all analysis in garbage and next day all big funds with all their calculations will sell because all metrics will change ( like a spile
of unemployment or inflation or oil crisis or whatever.

without giving advice my suggestion is : try focus if the market will pay tomorrow more or less than today.
some looks for 1 day, some 1 month, some 1 year

in my case i look for 3 months and I think will pay more than today.

CATO