<<IMO you guys see so many problems and imperfections, that YOU WILL NEVER BUY ANYTHING.>>
Oh yeah, that's where this whole discussion started, with this guy telling me I'm so hung up on my methodology I never pull the trigger. Would it matter to you to know (which I think you do) that the greatest investor who ever lived says he has not been able to find much at all to buy in the last two or three years. Sure he picked up some silver, and got a nice price on American Express for a couple days, but he has not exactly been eager to invest in this market.
Nowhere is it written that you have to plunk down any dollar you have immediately. In fact, Ben Graham and Warren Buffett tell us just the opposite.
If I can't find investments I'm comfortable with, that tells me one of two things:
1) I'm doomed to hold cash forever because I'll never find a stock that meets my ridiculous criteria for value. What an idiot I was for picking such a stupid investment strategy, grounded in nothing but a few old dusty books, where everybody who ever practiced it died a failure. I'll never find something to buy. Never, never! So I guess I'd better go listen to CNBC and buy what the guy being interviewed says is going up next month.
2) Be patient.
Merry Christmas
Jim
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