I like to call myself a value investor because I try to invest in great companies by paying them less than they are worth to have a margin of safety. The first thing I think about before investing in a company is the potential loss I can incur and the likelihood of this occurring. I don’t see volatility as a risk, I invest for the long term and I don’t care about short term swings caused by market euphoria or fear. In my opinion, volatility is a problem when you want to get out of a position quickly or when you don’t know what you are buying. I am not a trader and I want to understand the businesses in which I invest my savings.Some of the investors I admire most who have helped shape my thinking are Warren Buffett, Charlie Munger, Peter Lynch, and Mohnish Pabrai.
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