In any bull market we expect that there will be corrections along the way. These corrections can be quite healthy, because to us it means that valuations will come down to more reasonable levels.
We view these opportunities as a time to continue holding quality investments and to increase our holdings in selected stocks that we believe, over a five-year time frame, will continue to show stable financing and good earnings.
We have to learn to look beyond the short-term headline news – this is one of the core principles of investing. Experience has shown that the best investment results can come from taking a long-term view and not panicking when the news is bad or some crisis takes place.