Know your bar
When my bar is high and I am seeing more great opportunities than ever before, how do I choose?
Know whether I am ahead or behind my allocation schedule.
See how they compare with the recent businesses I have invested in.
If I'm ahead of schedule set the bar higher.
If I'm behind schedule set the bar lower.
The amount higher or lower depends on how far ahead or behind I am.
That's it. No rocket science required.
Important prerequisites:
Know your allocation schedule, how many investments you plan to make in a particular time period.
Know your criteria for comparing.
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