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.

Berkshire Hathaway FAQ

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