If you follow Value Investing, you basically estimate a company’s fair value and then decide whether you decide to buy or not based on that. After this point, the crowd may be ignoring you, going with you, or going against you. The stock will jump up and down each day. And somehow you just have to sit there and take the psychological beatings. If the price goes up, you have to remind yourself that that doesn’t guarantee you were right. If the price goes down you have to look through your ...
