Value investing requires a mindset of discipline and rationality from "summary" of The Little Book of Value Investing by Christopher H. Browne
Value investing is not a get-rich-quick scheme; it requires patience and a long-term perspective. The mindset of a value investor must be disciplined and rational in order to resist the temptation of following the crowd or making impulsive decisions. It is important to stick to a set of principles and criteria when evaluating investment opportunities, rather than being swayed by emotions or short-term market fluctuations. Discipline is essential in value investing because it involves a contrarian approach to the market. This means going against the prevailing sentiment and being willing to buy when others are selling, and sell when others are buying. This requires a strong conviction in your analysis and a willingness to stand by your decisions, even when they are unpopular or go against the prevailing trend. Rationality...
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