October 8, 2006
The Wisdom of Richard Aster
Interview with Richard F. Aster, Jr. (PDF)
Valuing companies is both a science and an art. We know all the valuation measures but the final buy decision is instinctive and intuitive, at least with us. Those investors who don’t pay attention to valuation, history clearly shows, will regret it, sooner or later. We use a bottom-up approach and don’t pay much attention to interest rates or the economy … we attempt to buy good companies at a reasonable price and let it go at that. There are no tricks.
Cat: | Time: 4:32 pm (utc+8)