it's so easy to read graham and buffett and just nod along about needing a strict margin of safety. makes total sense in a book. but actually sitting here holding a 30% cash position while the broader market just ignores gravity is genuinely starting to mess with my head
intellectually I know everything is historically expensive. but the psychological toll of just watching fiat sit there is rough. im currently parking the bulk of my dry powder in SGOV just to squeeze out some safe yield while waiting for actual value opportunities to show up
lately I've been forcing myself to slowly move into some underlying value assets just to get that cash working a little bit. I've been grabbing some tokenized stocks via edel just to keep things within my on-chain workflow, but it still feels like a drop in the bucket compared to the massive cash pile just sitting there doing nothing.
how do other value-oriented folks here deal with this? do you just capitulate eventually and accept that the old metrics are dead, or do you just eat the opportunity cost and wait for a pullback? tbh being disciplined feels a lot like just being punished right now.