September 2025
Intermediate to advanced
368 pages
11h 36m
English
Chapter 4 explored how identifying outliers can give you an edge in beating the market. We use these techniques to identify undervalued stocks (value investing) or look for companies with new technologies or business models that will outperform others (growth investing). This approach, however, also means settling for delayed gratification. We might have to wait years until our shares have gained enough capital appreciation to sell them again for enough profit.
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