You're both correct. There's a balance that must be achieved in my opinion. Is it something that can be or should be discussed in Investing 102? I don't know. I think not as it can get very deep quickly but at the same time it could be. I think it should definitely be something think about a little.
What I believe Greg was alluding to in terms of waiting can be illustrated with JNJ. I've been reading people say it's overvalued and overpriced all year and to wait for a pull back. Maybe they will be right. They've been very wrong all year. So what do you do as a long term investor? Wait for a day that never comes? Temper your pull back/entry level expectations? Get in now on a good stock and not worry about short term dips and bubbles? Balance. It's going to be different for everyone.
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Trey
Current ride: 2001 BMW 540iT soon to be manual swapped.
Former rides: 1979 Trans Am WS6: LT1/T56, Kore 3 C5/6 brakes, BMW 18in rims
00 BMW 540i/6: Suspension, wheels, and ACS bits.
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