Buy Early Rather Than Late Waiting on Fundamental s to Improve

Unidentifiable Bottom

I have no idea where the bottom is. If I did I wouldn't be invested at all today and would then be fully invested when the bottom came. The alternative for me is to say that each time the market drops and throws up some of these bargain basement ideas, I'll deploy some capital as long as I have some capital left. It's not a fool-proof or painless strategy – Ben Graham used a variant on it and nearly got wiped out during the Great Depression – but it's one that acknowledges that we cannot know the future with any degree of certainty.