It's very hard to invest these days.
Some say: "You can't predict where the market is going. You should always be fully invested".
Some others say: "The market is expensive. Better wait for a better entry point".
Others say: "Bitcoin is down 15% today. That's an occasion".
I often think about Chuck Akre when I'm alone and naked. And I say to myself: "Akre is invested with very expensive but great businesses (like Mastercard, Visa and Moody's). He's probably not the kind of guy that's gonna sell even if the market is expensive. Actually, today, I read a transcript of Akre in 2011 saying that he doesn't sell exceptional businesses because they're too hard to replace.
On the other hand, there's Warren Buffett (which I like too, but not as much as Akre) who's got more than 100 billion dollars of cash waiting to be deployed. If he thought that there were great occasions, he would probably have bought something long ago.
I'm somewhere in between these two titans. I feel honored to be there. I know there's some occasions out there, but I wouldn't use the term "screaming buy". I don't see that much headwinds but I don't see backwinds either.
What the fuck should I feel?