Jose Najarro

But as an industry now, it's something where, okay, things changed and I'm okay going towards that industry.

Whereas had I lived 125, 150 years ago, I probably wouldn't have, right?

So what it gives us is kind of like a north of where it's worth investing time on, right?

So I don't know if that answered your question, but...

I maybe would say it of what takes them to have valuation wrong.

And most of the time for the average investor, it has to do with conflating a good company with a good investment.

So, you know, you've probably seen this all the time, but people all the time, because they know what I do for a living, whether I bump into them in a wedding or wherever, they tell me, look, you should look into this stock.

It's great because of X, Y, Z, whatever.

And they're describing the investment thesis of why it's a good company.

But that's not all there is, right?

It's a good company, but how much are you paying for it, you know?

can have the best company in the world you know and pay 10 trillion dollars for it and the investment it's not going to work right and so people are too quick or the average investor is too quick into just going into the investment case without taking into account with relation to price right and in fact well the best thing is to buy have a undervalued company that is

great.

Sometimes, and I'm not necessarily advocating for this, because you could be subject to a value trap.

But sometimes, it's better to have a cheap company for a low quality business, because the price kind of is compensating for that reality already.

And so hopefully, that gives you perspective of where I'm at an issue.

Absolutely.

So I do have my own website, JoseMayor.com.

And you can find me there.

And there's a contact page there as well.