Difficult part of investing is to find a multi-bagger
One of the most commonly held misconceptions about investing is that to achieve the best returns, you need to buy stocks at cheap valuations. If you buy at high prices, you’ll end up with a mediocre performance as there’s less room for multiple expansion and a slimmer margin of safety. While this is true to a certain extent, it’s also misleading according to Martelli’s research.
Source : Rupert Hargreaves
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