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Too Much Turkey? Try Some SWANs

“It’s about figuring out what something is worth, and then paying a lot less for it”.

Summary

  • A SWAN is quite simply a BLUE CHIP stock that is generally a high-quality stock that’s known to weather downturns and operate profitably in the face of adverse economic conditions.
  • While I see more and more folks trying to “chase yield”, I often remind investors, “Don’t Be Too Cute”.
  • They could end up with the same thing that Ebenezer Scrooge gave Bob Cratchit - not even a single lump of coal.
  • “It’s about figuring out what something is worth, and then paying a lot less for it”. -Professor Joel Greenblatt.