As we said in our Annual Letter,
“The greatest buying opportunities arise when liquidity is in short supply and anxious investors, consumed by fear,
are forced to sell securities as prices fall. Leaving the party early will almost always result in short term
underperformance during the later stages of bull markets, but it is the only way to ensure that you have the resolve,
the discipline, and the dry powder to buy when risk is lowest and expected returns highest.”
via: Boyle
via: Boyle
