Day 5 recap - Value Shopping
I bought $EchoStar (SATS.US)$ because it has reached a deal to sell its under performing satellite TV and thus avert bankruptcy.
I also added $Viasat (VSAT.US)$ as this satellite stock is undervalued due to its huge debt and competition from starlink. But, it is poised to make a comeback with its tie up with Oneweb.
Lastly but not least, $Occidental Petroleum (OXY.US)$, Buffett favourite stock was bought. Due to low oil price, it is unloved at the moment but if oil price climbs, this will be the safe haven. Li Lu who recommended BYD to Munger also bought Occidental, his portfolio looks very similar to Berkshire. I suspect he just copied but that's alright.
To beat the market, you need to act differently from the crowd. Although at times, the stock remain unnoticed but as long your judgement and facts are right, the market will relook your ugly darkling and turn it into a princess.
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