With markets at all time high levels and potentially overvalued isn't the value of investments going to be bloated thereby reflecting a deep discount. In such case shouldn't one be wary of discount as a deciding indicator?
The discount shouldn't be a deciding indicator that is correct, however the deep discount adds to the Margin of Safety. The primary indicator should be the underlying investment and the strength and quality of the underlying investments which i have great belief in. There is no one who can time the markets or/and whether is top, even if the underlying investments were to fall, I do not expect the holding company to fall as sharply(it may not even fall), due to the high level of Margin of Safety.
With markets at all time high levels and potentially overvalued isn't the value of investments going to be bloated thereby reflecting a deep discount. In such case shouldn't one be wary of discount as a deciding indicator?
The discount shouldn't be a deciding indicator that is correct, however the deep discount adds to the Margin of Safety. The primary indicator should be the underlying investment and the strength and quality of the underlying investments which i have great belief in. There is no one who can time the markets or/and whether is top, even if the underlying investments were to fall, I do not expect the holding company to fall as sharply(it may not even fall), due to the high level of Margin of Safety.