Loading ...Otavio (Tavi) Costa
@TaviCosta
Better businesses at lower prices.
One of the biggest mistakes investors make is allowing price action to dictate their view of fundamentals rather than the other way around.
Even after the recent pullback in metal prices, miners continue to generate margins that would have seemed extraordinary just a few years ago.
Yet many of these companies are trading as if the economics of the business have materially deteriorated.
They haven’t.
