generational wealth is rarely made by buying at the absolute bottom. its made by buying outstanding companies when theyβre cheap.
we suck at timing the exact bottom, but quality businesses never lie.
patience + good capital = everything.
"Bite my tongue, I wait my turn
I waited for a century
Waste my breath, no lessons learned
I turn and face the enemy
I'm not scared, just don't care
I'm not listenin', you hear?
He's never there, I don't care
I can't tell you what and where"
-The Strokers, Selfless (2020)
Indonesia's Midas said to be dying, Cheap Multiple Feels like a Bait.
The currency, to the Equity Cap Table.
Self defeating loop seen today is "Governance discount". So dominant the variable turn breakneck inelastic outflow (historical valuation support notwithstand)
But the same inelasticity that made those forced sells so violent works in reverse. If a credible Fiscal Signal, JCI disclosure came permanent. catalyst lands inside the review window, the discount doesn't narrow politely. It snaps.
Now They might called it a value trap, and they were right. Right up until the second they're catastrophically not.
enemy you turn to face isn't the discount. Its your own ego, when signals change, act to the plumbing.
A compressed coiled this depth doesn't unwind, it releases. Tanya kapan, nobody knows. Tanya bentuknya, nobody knows. Tanya jadi apa nggak, boy, it surely will.
π¨π¨| Arsenal completed just (69) passes in the first halfβthe lowest total recorded (since 2003/04) by any team in a UEFA Champions League final.
{@Squawka}