Summary

• Stock outperformance hinges on disciplined price entry, not just fundamentals, growth, or narrative.
• Elevating price as a primary investment criterion enables outperformance, especially when combined with patience and incremental buying on weakness.
• Using volatility as an ally, I advocate buying in small increments during market pullbacks to lower cost basis and improve returns.
• Currently, I am trimming expensive shares, sitting on cash, and selectively adding to positions like IBM and NOW at lower prices.
• This idea was discussed in more depth with members of my private investing community, Group Mind Investing. Learn More »

Stock outperformance isn't about value, growth, business model, or Execution. Nor does it depend on technology or other innovation, or some super-hot new narrative like Space Commercialization, or some new biotech, or AI. The key is something that many investors, especially long-term investors, don't pay

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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