Feed ExplorerWanting stocks to keep rising is greed, and wanting good things to be sold cheaply is also greed. Trying to buy at the absolute bottom is blind confidence, and expecting a drop to previous lows is the anchoring effect.
Excessively pursuing a margin of safety in value investing is putting the cart before the horse; it's like marking the boat to find a lost sword in the 1930s.
Even in the long run, the company you choose is more important than the timing of your choice. Being off by 10% or 20% won't matter in 10 or 20 years. What matters is the will to act.
Never miss a good stock
just because you want to bottom-fish.
Many people just say it will go even lower, I'll wait a bit more.
I've never caught the absolute bottom.
I just start building my position in batches once it reaches what I consider the 'strike zone'.
Building a position in batches is also the best way to cultivate patience.🤔
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