Like most investors, I am not immune to the recent drop in market prices. Companies I have been/am bullish on keep dropping on little to no news. (yes,
$WINE, Naked Wines I am also talking about you)
This begs the question: Was I wrong all along or is this a great buying opportunity?
Difficult to stay clear-eyed and try to figure out the answer for all stocks in my portfolio or watchlist. I am biased towards keeping my eye on the ball and forward-looking IRRs, business quality, etc., but evaluating stocks on my watchlist gets more difficult as similar quality companies keep dropping together (paralysis by analysis?). Ironically, I remember complaining a few months ago I could not find many stocks at attractive prices without stretching assumptions about the future!
Whether I should have done nothing like Terry Smith preaches or turn over my entire portfolio, I will be a better investor by the end of this. For now, I will go back looking for the highest quality small-caps I can find!