He doesn't recommend following the traditional wisdom to buy low and sell high, and he's open to buying companies that are considered overvalued.
He looks for companies that are top dogs and first movers in important, emerging industries.
1. Four of the most harmful words ever strung together "buy low, sell high"
"Buy high and try not to sell"
2. What most great stocks have in common
"Most great stocks of every era, are top dogs and first-movers in important, emerging industries."
3. There are no numbers for the things that matter most
Many of the most important attributes aren't found on financial statements, including the CEO and the rest of the management team, brand value, company culture and innovative ability.
Source: TMF
https://finance.yahoo.com/news/3-rule-b ... 00480.html
