I think you welcome days like these, I think you welcome market conditions like this. Because you get a chance to buy your favorite companies, assuming you can make at least a reasonable attempt at what is it worth and why.
Jim Gillies: if you are approaching this as a long-term sport, if you are, I think, approaching it with the proper mindset, which is portfolio returns, not individual stock returns. A stock as a part of your portfolio, portfolio returns are what matter. It becomes a case of portfolio construction and what do you have in your portfolio to mitigate the high-growth names.
You believe that the company at today’s much beaten down price is a reasonable number to look for. These are the market conditions you want. You want stocks being sold off because you’re getting a better price.