“Don't buy anything unless it's 15 to 20% below that price. That's how you get equity without market appreciation”
DM
Dave Meyer investor
BiggerPockets Real Estate Podcast ·
Marin Katusa · Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business · How Rich Investors Find Opportunities Others Miss
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advised buying stocks that trade at a price far below the insider's cost or net asset value
“Don't buy anything unless it's 15 to 20% below that price. That's how you get equity without market appreciation”
“Each pie cost me about $5 to $6... 65% margin... we are happy to come in below that $20 price point”
“The big highlight, of course, were the reforms by the Tokyo Stock Exchange. If you run a company and your price to book is below one, we're going to shame you. It did yield very positive results.”
“We competed against the likes of Marketo… by offering self-serve pricing, pricing ourselves below the competition, having an incredibly usable product, and offering expert customer service.”
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