Despite 2023's strong market performance, 2024 has presented compelling opportunities to acquire high-quality businesses at attractive valuations. As we've seen repeatedly, investor time horizons compress to zero during drawdowns, and hopium stretches to infinity during bull cycles. This phenomenon captures how investors often lose sight of the bigger picture in turbulent times while becoming overly optimistic in bull markets. This recurring behavioral bias creates opportunities for disciplined investors. For those new to Insider Stocks, my approach can be distilled into one principle: I seek ...
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