3 Hot Stocks That Can Live Up to Their Lofty Valuations
Perhaps the biggest mistake I made as a beginner investor was continuously looking for "cheap" stocks. In my mind, this paired nicely with the "buy low, sell high" mantra that's hammered into investors' minds by financial experts. However, by focusing on a company's share price and valuation instead of its overall mission and culture, I ultimately filtered out many exceptional stocks. While a discounted price will not hurt, it should never be the sole reason for a stock purchase.
As Charlie Munger, vice chairman of Berkshire Hathaway, once stated, "A great business at a fair price is superior to a fair business at a great price." With this quote in mind, let's look at three hot stocks with premium valuations that may be great businesses at a fair price -- especially when we look over the long term.
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Source Fool.com
