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Ghost of Igloi
RE: Down goes the Dow
I will certainly be back to remind all the valuation doubters that it matters what you pay for an investment. Your return is inversely correlated to the price you pay. It is so simple, but you miss the point. No different than buying a piece of rental propery, you pay too much, the return is never there.

Many of you invest as if it is a given. You buy a stock and that is all you have to do. Well you will see it is much more difficult than that. But like most things you will learn thru experience.

A hard lesson.

Wish you the best though.


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