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I’m in the Taiwan Airport waiting for my connecting flight to Bali Island and just missing all you loyal readers!  The good thing here is that they offer free internet throughout the airport for people like me who can’t stop typing

Anyway, I checked the market and it was pretty bad.  Before I left on Thursday, I bought 200 shares of E Trade (ETFC) and it was down about 3.5% on Friday.  At first, I was pretty upset but I remember that I bought it because I felt that the stock is hugely undervalued.  I’m away on vacation but I will buy more if I have a chance next week as it is even more undervalued now.

It also made me feel better when I know Warren Buffett bought a huge stake in USG because of its valuation, paying about 10-15% more than the stock price is worth now ($37 per share).  Right now, he is not going to panic and sell, because he is in it for the long term.  He knows the stock will bounce back and provide him with a good return in the long run.  This is how we should invest too.

Have a great weekend and go out and have fun!  Forget about the market and concentrate on something else!