08-24-2015, 10:36 AM
Sure they do. Makes all feel so great, those shares that were bought 10%, 20%, 30% higher than today's price. A little sarcasm there, but I don't believe a second that DGI investors or anyone else will be very happy if the portfolio is 20% or 30% lower than it was at the start of the year. Maybe DGI investors have comfort in their plan, have confidence in the prospects for the long term outcome, but yawn? I hardly think so, not for most, not if they are remotely human.
Everyone wants to act like timing isn't possible, isn't desirable. I say bunk! Be patient, let the price come to you, always insist on value. Over time IMO that will lead to out performance, as opposed to acting like a kid in a candy shop, having to buy no matter what the price. When earnings are stretched and valuations are stretched, it is probably a time to preserve cash, waiting on a market shift back toward greater value. Then is the time to have accelerated accumulation.
Everyone wants to act like timing isn't possible, isn't desirable. I say bunk! Be patient, let the price come to you, always insist on value. Over time IMO that will lead to out performance, as opposed to acting like a kid in a candy shop, having to buy no matter what the price. When earnings are stretched and valuations are stretched, it is probably a time to preserve cash, waiting on a market shift back toward greater value. Then is the time to have accelerated accumulation.
Alex