Investing Tip 145: Buy Commodity Stocks at Replacement Price with Margin of Safety

The businesses of commodity companies such as cement and steel are simple to replicate. No company can make significantly higher returns than its peers. Compare its market capitalization with the replacement capital cost for plants with matching capacity and buy as and when available with adequate margin of safety. If you want to learn more [...] The post Investing Tip 145: Buy Commodity Stocks at Replacement Price with Margin of Safety appeared first on The College Investor .