For the true long-term investor who is interested in truly extraordinary returns, it is necessary to do things differently than the crowd. As the crowd spends their time searching for short-term opportunities to appease investors who are inherently interested in short-term results, the true long-term investor is free to search and wait for wonderful companies to become fairly priced. The hard thing is waiting for these wonderful companies to fall to an attractive price while the market continues to march higher and higher. The treat is finding a wonderful company, within your circle of competence, trading for a very fair price.
Weight Watchers (WTW) is a wonderful company and despite some near-term headwinds in recruitment and uncertainties with...
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