"**Before buying a declining stock, first analyze your own behavior**. - Are you intuitively anchoring the purchase to a past price? - Are you allocating extreme value to a not so-important-piece of the puzzle? - Are you able to precisely estimate future business and sector fundamentals, or at least better able to than what the rest of the market can? If the answers are yes, or yes and no respectively, look at some other opportunities." ([Location 4362](https://readwise.io/to_kindle?action=open&asin=B07CNFFJ9J&location=4362)) --- **Tags** -- [[quotes]], [[value-investing]], [[asking-questions]], [[mindfulness]], [[anchoring]], [[forecasting]], **Source** -- [[202506221723 - LN - Modern Value Investing]]