First Stock Purchase of 2019

I despise self-promotion, much preferring the approach of the Chinese proverb “Make happy those who are near, and those who are far will come” or the Charlie Munger approach “Do your own work that’s on your desk well, and the rest will take care of itself.” But I also regularly see those who advertise their services obtain dramatically better results than those who don’t, and for that reason, theoretical preferences yield impose prohibitive costs as you approach reality.

With this in mind, I think I have just profiled one of the best stocks that is currently undervalued in the stock market right now. It has a record of over 20% annual returns since its IPO, and on P/E ratio basis, is anywhere between 30% and 50% off its intrinsic value. I’m not one of those people who classify a stock as undervalued because it has fallen from $48 to $45. … Read the rest of this article!