Warren Buffett and SST...Well, even if I am only preaching to the choir, I have continued to buy SST at these levels. I have thrown out all the conventional diversification rules with SST--it's now a third of my portfolio.
I thought I'd offer up a some quotes by Warren Buffett, that seem applicable...
1. "It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price."
Okay... How about buying a wonderful company at a wonderful price? Investment opportunity of a lifetime?
2. "Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be mis-priced."
Amen. Thank you, Doug Casey.
3. "Look at market fluctuations as your friend rather than your enemy; profit from folly, rather than participate in it."
Deal.
4. Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful.'"
When this downdraft is a distant memory, I hope I've experienced "too much" of this wonderful thing.
Cheers, All!