"(The) argument is made that there are just too many question marks about the near-term future; wouldn't it be better to wait until things clear up a bit? You know the prose: 'Maintain buying reserves until current uncertainties are resolved," etc.
Before reaching for that crutch, face up to two unpleasant facts: the future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty is actually the friend of the buyer of long-term values."
[Warren Buffett in Forbes, August 6, 1979]
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