FYI: Nobody likes to overpay, whether it’s for food, clothing, a house, or stocks.
The problem is people don’t treat stocks the way they do a car, groceries, or jeans. If a cucumber goes from $2 to $10, you wouldn’t say “wow, I need to buy some before it goes to $20.” You would simply substitute it for another vegetable. However, if a stock rose 400% there are plenty of people who would pile on, anticipating a greater fool will come along after them.
Regards,
Ted
https://theirrelevantinvestor.wordpress.com/2015/12/18/what-if-you-only-invested-in-stocks-when-they-were-cheap/
