“An afterthought: There is almost no business in our portfolio that we could buy at an absolute bottom, including the ones listed in table 9.3. If you are searching for an abysmal market-timer, look no further. Our 2008/09 and 2011 investments have primarily turned out well. I don’t know if our aggression in 2020 will yield fruit. But I am happy about our process, which was in our control; the outcome will be what it will be. We will know in eight to ten years if we were foolish or intelligent. Don’t you love long-term investing?”