One would be if the fundamentals deteriorate. Two, if the valuation gets high. We are very disciplined there. As good as tech's fundamentals were late last year into early this year, the valuations were just way too high for our tastes. And three, we'll sell because we find other ideas that are better.
Financial pundits argue that attempts to time the market are doomed to fail.
Yet you've repeatedly tried to do it, dumping stocks and moving heavily to cash. While nobody can be perfect at it by any means, I do believe value can be added over time by trying to buy low and sell high. We've had a good amount of success here buying stocks when other people don't like them and selling them when other people like them too much. We like to be greedy when everybody is fearful, and we like to be fearful when everybody else is greedy. You're known as a calm investor.