There it is. I said it. I will say what nobody else wants to say. 1987 was painful but Black Monday put it all to an end and we moved forward.
If you are a small-cap CEO and believe in the long-term future of your company, then you needn’t worry about a couple of days of panic selling. You’ll be far beyond this in a couple of years.
If you are a small-cap investor and believe in the long-term future of your holdings, then take advantage of capitulation, add to your position and thank-me in 2-3 years when you are paying your child’s college tuition in cash.
Now, let’s get it over with so we can move forward.
Regards,
George
George,
Let’s put it this way, Warren Buffett once said “be greedy when everyone else is fearfull.”
Well everyone is fearing these markets, however the nature of man, i.e. Greed will kick in eventually. People cannot resist a good deal.