Readers who attended InvestX Congress last month would remember that I quoted Charlie Munger:
“It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities.” Charlie Munger
We always need a war chest.
There will be great opportunities to make money. Be patient.
Progressing from this, readers will also remember that, at the event, I attributed the moderate success I have had in my stock investing journey to my inclination to take a look when there is blood on the streets.
“When there is blood on the streets, go take a look lah,” AK.
This is, of course, a Singlish version of what Sir John Templeton said, “buy when there’s blood in the streets“. Like my fellow blogger, SMOL, I borrow with pride…