08-21-2013, 09:08 PM
"Think about that carefully. What that means is that -- relative to the income stream from dividends -- MCD is cheaper today at $98.53 than it was in August 2011 at $82.71. If you focus on the income stream that you are purchasing with your newly invested capital, rather than just on the share price, it can be clear that new highs don't matter so much."
This was hugely illuminating! I feel better!
This was hugely illuminating! I feel better!