Why buying now when I can buy it cheaper soon (probably)?
I just nibble on the way down.
If we see something that smells like a panic/capitulation bottom, I can go in with both fists then.
Trading at around peak book value? Sign me up.
But yes…I wouldn’t argue with “probably”.
Not a hard bet. On any given day, it’s unlikely that it’s the lowest price that will ever again be seen.
And if a lower price IS seen again, it’s more likely to be soonish than many years later.
So: your cheaper soon (probably).
Jim