In a Monday post on Substack, The Big Short's Michael Burry explained that Samsung Electronics is among those stocks that are backed by businesses so good that the time to buy is defined by a simple, recurring rule.
'Samsung Electronics is the belle of the ball these days. Just last year, however, it traded extensively at tangible book value. When Samsung Electronics stock hits tangible book value per share, buy it. Period. No more analysis needed,' he wrote.
