Subject: Re: Ravi on repurchases and valuation
Yeah. This is why I like an 80:20 equity:cash split. If the market moves a lot you sell a few equities or buy a few, depending on if the price has gone up or down. Feels nice to sell a few when the market's frothy or to buy a few if it's fallen. And it leaves open the option of getting "all in" if the market/share drops a lot.

SA