Subject: Re: Itching for Market Correction
When the itch for correction is openly verbalized it is almost certainly prevalent.

My view that's from 50 years of investing hindsight, is that small investors should never need a correction to find things to buy. In 2000 Buffett made a statement that hangs on my 100 plus years Securities Research chart, a framed thing in the basement about 5 feet wide and 2.5 feet tall. He said the market was likely more over-valued than at any time in his life including 1928.

22 years later, my two largest holdings are up some. Berkshire is about 7 times what it was then and AJ Gallagher is over 11 times more than the 2000 value.

From the beginning of the most over-valued market ever. Luck is/was my model, but there were things obvious values in 2000 as per hindsight.