Post by
Aarman4 on Mar 25, 2021 10:47am
Be greedy when others are fearful!
What an interesting ride these days!
Of the 6 main holdings that I own, they have all been behvaing the same way over the last month or so. All down about 20-30% from previous levels, most of them all time highs.
So what that means, is that both my investment account and government retirement account are down almost 30% since last month.
It doesn;t bother me, as they are both still up over 120%, even right now, since january 2020, but it also shouldn;t bother me regardless.
Warren Buffett and many, many others have been quoted as saying that you should be greedy when others are feaful, and fearful when others are greedy......I thought people were fearful enough last week, and got greedy and spent all of my free cash, but I will tell you straight up that now is a great time to buy WELL.
If you bought WELL today, you would be getting in at a 25% discount to what Li Ka-Shing, one of the worlds wealthiest and most respected investors, paid last month to get more shares in a private placement.
Now here is the kicker.....WELL has never had a bighter or more encouraging future. They are growing organically, they are growing through acquisition, and they are just right now about to bridge themselves over to becoming a cashflow company that can only further and increase their growth.
Everything under $10 is a steal right now in my opinion, and I am sure over the next few months we will see $10 for sure. I wouldn;t be surprised to see $15 or $20 by this time next year. As soon as WELL begins showing positive cash flow, as well as regualar quarterly increases to that cash flow, AND continues on with it's growth plan as it has been, even $20 might be a thing of the distant past for us.
Be greedy my friends, it is time for it.
Cheers!
Comment by
speedy99 on Mar 25, 2021 11:11am
Or another way to look at it: someone is selling today and someone is buying today. Who is the smarter of the two? Hands down, the buyer is the wiser of the two and will be vindicated, probably in short order but without a doubt by this time next year.