If the acquisition was unexpected, perhaps we should consider whether it is in line with our estimate of fair value. If not, maybe you just got lucky. Further, we could see if subsequent business performance (if disclosed) was in line with our estimates and draw lessons based on that. The acquisition itself should not be given much weight unless it was a core component of the thesis
Gary, Is the case study supposed to be the assignment this week? I didn't see any questions as in the past.
Helen, no, the case study is optional (but something I think is highly beneficial to investing improvement). The questions for the last week of the seminar are in the bottom part of the post here: https://behavioralvalueinvestor.substack.com/p/20252026-week-20-the-mental-game
Thanks
If the acquisition was unexpected, perhaps we should consider whether it is in line with our estimate of fair value. If not, maybe you just got lucky. Further, we could see if subsequent business performance (if disclosed) was in line with our estimates and draw lessons based on that. The acquisition itself should not be given much weight unless it was a core component of the thesis