There comes a time…
…when we don’t want anymore.
Why has this happened?
It’s a spin-off from our small entry quantum approach.
We’ve been buying at sale prices, with small entry quanta, each day, a quantum a day.
A groove has been set.
After umpteen failed attempts, prices break through.
An interesting thing happens to us.
Slightly higher prices start to pinch us.
As prices go even higher…
…our mood is off, and…
…we don’t want anymore.
From a strategy perspective, this is the best thing that could have happened to us.
We will not be buying as margin of safety vanishes and remains vanished.
Our want will be triggered once more, when margin of safety returns.
This has not taken place for free.
It is an indirect result of our painful sticking to a small entry quantum approach.