Shopping Time?
27th Nov 2008
If you loved canned baked beans and you notice that they are on sale at the supermarket for $2.00 rather than $5.00. You don’t say to yourself, “Hmm… nobody must be wanting these at the moment, so I am not going to buy them”; instead you buy several cans to put in the back of your pantry.
Some investments could be viewed the same way. If it is a quality asset making good profits, but short-term fear has driven the price down, maybe its time to go shopping. As Warren Buffet says, "In a fearful market shares change from weak hands to strong."
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