In their latest episode of the VALUE: After Hours Podcast, Brewster, Taylor, and Carlisle discuss Sometimes The Best Strategy Is To Carpet-Bomb Near The Bottom. Here’s an excerpt from the episode:
Tobias: I like one of the things that Romick said yesterday about um he’s put on a half-sized position or a smaller position expecting that likely short term there’ll be better entry points.
Bill: Yeah, I thought that was a very artistic comment because I think it’s easy to be like um very precise on what you think the value should be and like wait until it gets to that and try to be as cheap as humanly possible. But I think what he was admitting in that strategy is like I can’t catch the bottom I think it’s a decent buy here and then if I do catch the bottom I’ll be there and ready. But you know I don’t know. I like that answer a lot.
Jake: I think it’s better to be a carpet-bomber in this kind of scenario as opposed to like trying to just nail a couple perfect buys. Just carpet-bomb along…
Tobias: It’s a time series like just keep on buying.
Jake: Just keep buying. As it goes lower get more for your money and even if the last dollars you deployed are not at the peak… you know very bottom that’s okay too. I mean just try to get a lot of value for your money.
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