Ignore The Market Panic, Focus On Value

WSJ – The plunge in markets worldwide is starting to open up some bargains for long-term investors. As usual, you should ignore the panic around you and look for solid value. Don’t worry what the other guy is doing: Worry about your own money.

I don’t think stock markets overall are cheap yet, so I wouldn’t be an indiscriminate buyer, even in this rout. But there are opportunities. If you stick to quality you should do well over time.

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