Wednesday, February 29, 2012

should you wait for a crash?

before buying?

Geoff Gannon gives us his answer:

Take your time.

But don’t wait for a market crash.

Just wait for an obviously wonderful business selling for the kind of price a normal stock sells for in normal times.

[Looking back on some of my picks, I bought some good companies (or what I thought were good companies) initially too high, but then bought more as they declined. For example, Costco (which has worked out). Walgreen (which hasn't so far).]

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