If they are stocks to be bought and held or positions added to over 25-30 years, does it matter?Yes, because we do not always know exactly when we may have to sell; life can be unpredictable. Buying low means higher dividends yield plus greater safety when the animal spirits are misbehaving. We have lived through a decade of bupkis primarily because the prices in 01 remained too high. If we reach way back into the yesteryear of Fool.com we find that the major flaw of the Rule Makers portfolio was price at purchase.jack
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