Scorecard #9 – Taking Stock
… We first wrote about Home Capital in the Globe & Mail on August 8, 2012. Since then the company has done what it usually does – execute on its business plan and increase earnings per share at a steady pace.
Scorecard #6 – Apples and Oranges
… The hardest part about value investing is having the discipline to be extremely patient. Attractive opportunities to buy shares of excellent companies on the cheap don’t come along very often. Market panics are a good source but far too infrequent. More often they come in the form of companies that are encountering a temporary problem and the market overreacts.