If you want to succeed, you need to ask the right questions.

This is particularly true of investing.

The nature of this business is that you’re on a constant search for the best opportunities at the best prices.

As our portfolios move ahead and prices bid up, we need to look for new opportunities that the market hasn’t yet fully realised.

Maybe these companies have had a difficult time? Maybe the market is unsure about them? But perhaps there is potential that has been missed?

The market is seldom efficient when it comes to businesses that are smaller, counter-cycle, or outside the current narrative of the big fund industry.

So, I began with this question: ‘What business has the biggest possibility to improve human life?’

 

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