There are three main “buckets”, or categories of investments where most of the stocks I buy tend to come from:
High-quality businesses with a long runway of opportunities to reinvest capital at high rates of return
Durable, well-managed mature businesses that are temporarily undervalued
Bargains or Special Situations
I do not do a lot of special situation investing, and I don’t consider myself particular interested in focusing on “catalysts”. It is hyper-competitive field, and inve...