You have to invest the way that's comfortable for you.
Basically, we try to buy value expressed in the differential between its price and what we think its worth.
This is a business. Like any other business.
A lot of companies have lots of assets tied up in plant and equipment. Well, is it old plant, or is it new plant?
Have the courage of your convictions once you have made a decision.
Fear and greed tend to affect one's judgement.