In my career as a chemical engineer, I learned that efficiency is everything. If you can get the same result with less energy and lower cost, you do it every time.
Strangely, most investors ignore this principle when they go shopping for stocks. They see a company they like, they check the ticker, and they click “buy” at the current market price.
I prefer a different approach. I like to get paid just for waiting.
This post originally appeared at Investing Daily.