“A stock market decline is as routine as a January blizzard in Colorado. If you’re prepared, it can’t hurt you. It’s a great opportunity to pick up the bargains left by investors who flee the storm in panic.”

Peter Lynch

Last week I said as more thriving companies saw more material multiple compression, I would add. Well, a sharp move this morning in major benchmarks has again opened the door for considerable accumulation. I deposited about 2/3 of the remaining emergency fund cushion representing about 9% of my overall portfolio. I am deploying all of that cash today, and will deploy the remaining 1/3 as (or if) this continues. This is when discipline, patience and leaning into high quality companies are rewarded the most over the long haul. These times are never fun in real-time and being “greedy when others are fearful” never feels good when you’re doing it. But? These times also always seem like wonderful opportunities in hindsight. I will not time the bottom. But I will keep leaning in as deals get better. Here’s what I added to:

Note if cost/share says N/A that is because I added today and Schwab data processing is typically slow.