Time in market + buying well (under market value) + adding value = one very lethal combination to sucess.
Cheers,
Redom
Great post. Personally I would add into that equation:
Sensible Guesstimating of Timing the market + Time in market + buying well (under market value) + adding value = one very lethal combination to success
Because if someone bought at the peak of a boom then the rest of the equation could be (not definitely) greatly ineffective imho.
Leo