The Next Big Crash - Are You Prepared?

[InvestArk]

Sorry to pop your bubble guys but shouldn't we as value investors focus more on the underlying value of the business and buy them up when an acceptable margin of safety presents itself rather than trying to time the market ?

what do you define as a acceptable margin of safety?

i think whether we like it or not, value investors end up "timing" the market, in terms of trying to buy "low" (low p/e, low p/b, net-nets) and sell high (huge p/e, crazy p/b, etc).

i think they don't set out to catch the top or buy in the bottom per se but buy low and sell high ends up being the way it works.

The level of Margin of safety largely depends on each individual analysis / risk appetite. Timing the market refers to trying to catch the lowest point of the dip/ when the crisis is in its full blown stage or selling out at the highest . I totally agree that the bread and butter of value investors is to buy a dollar at a faction of the cost ( buy low sell high) but how can anyone predict when is the lowest or the highest when the world greatest investor warren buffet could not. Hope this clarifies