When you're investing and looking for valuable companies that will be a great investment for the long-term, then you must change a few of the ways that you tend to look at your investments.
One of the many "switches" that must be flipped relates to the idea of waiting for a price decline to buy.
Sure, it may make sense under certain circumstances to wait to make a purchase of a great company.
With that in mind, I still believe that the vast majority of circumstances would serve well to the investor to purchase with this value in the long-term mindset.
Buffet once said in a 1990's shareholder meeting that a great company today is going to be a great company in 30 years.
If you truly believe in your investment on a 30 year horizon, then it shouldn't matter whether you buy today or 2 years from now. Regardless of whether you can reasonably expect a price decline.
Playing the market timing can work in some cases. But don't be fooled. It's a speculative game.
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